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The recent summit between US President Donald Trump and Chinese President Xi Jinping, held in Beijing on May 14–15, was a critical event as both nations attempted to navigate through mounting economic frictions. A side effect of the diplomatic discussions was an unexpected rise in Bitcoin‘s value, which increased by 2.3 percent, reaching $96,800. Continue Reading:Bitcoin Sees Unexpected Growth Amid High-Level US-China Talks Source: https://en.bitcoinhaber.net/bitcoin-sees-unexpected-growth-amid-high-level-us-china-talks
Morgan Stanley alone manages roughly $7 trillion in client assets. If its advisers shift even 3% of that into Bitcoin, the math gets staggering fast. That scenario sits at the heart of what financial adviser Ric Edelman calls a potential “flywheel effect” — a chain reaction of institutional money that could send Bitcoin soaring past $150,000 before 2026 ends. Related Reading: XRP Bulls Gain Momentum As ETF Inflows Reach Multi-Month High Wall Street Is Waiting For A Green Light Edelman laid out the argument during a recent appearance on the Milk Road podcast with host John Gillen. He said traditional financial firms have largely stayed on the sidelines not because of disinterest, but because of regulatory uncertainty. Once the Clarity Act passes, he said, that changes. Large brokerages, wealth managers, and fund companies would be free to move — and Edelman believes many are ready to do exactly that. Morgan Stanley has already told its advisers to begin adding small crypto positions to
The trade talks could reshape global tech supply chains, impacting sectors from AI to agriculture, and influence digital asset markets.
The post Trump leads delegation of 17 executives to Beijing for trade talks appeared first on Crypto Briefing.
Saylor's Bitcoin strategy could yield high returns but poses significant risks, especially if Bitcoin's value declines over an extended period.
The post Strategy’s Michael Saylor plans aggressive Bitcoin purchases over next four years appeared first on Crypto Briefing.
China is worried A.I. companions could be a drag on productivity. On “Interesting Times,” Kyle Chan, a foreign policy fellow at the Brookings Institution, tells the Opinion columnist Ross Douthat that the government thinks youth “should be engineering the future and building out the start-ups and the future Chinese versions of SpaceX.”
What if you weren’t worried about A.I. taking your job? That seems to be closer to the reality in China, where keeping pace with the new technology is a much bigger focus than economic disruption. On “Interesting Times,” Kyle Chan, a foreign policy fellow at the Brookings Institution, explains how the countries differ in their anxieties over artificial intelligence.
The Clarity Act cleared the Senate Banking Committee 15 to 9 on Thursday, sending Bitcoin above $82,000 for the first time in weeks. The Clarity Act advanced out of the Senate Banking Committee on Thursday in a 15 to 9…
Bitcoin's resilience amid inflation-driven market turmoil highlights its potential as a hedge, attracting institutional interest and ETF flows.
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The post Japanese Yen rallies amid strong US data and rising yields appeared on BitcoinEthereumNews.com.
The USD/JPY pair advances toward the 158.30 region on Friday, reaching its highest level in nearly two weeks as the United States (US) Dollar (USD) strengthens following resilient US economic data and rising Treasury yields. The latest US Retail Sales report showed consumer spending rose 0.5% in April, reinforcing confidence in the resilience of the US economy despite elevated borrowing costs and persistent inflation pressures. The stronger-than-expected data added to recent gains in the Greenback and supported expectations that the Federal Reserve (Fed) may keep interest rates higher for longer. On another note, White House economic adviser Stephen Miran resigned from his position on the Fed Board, increasing uncertainty surrounding the future direction of US economic policy. Markets interpreted the development as potentially reducing pressure for a more dovish policy approach, hel