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- 23-10-2024
23-10-2024
Fernando Fierro
October 23, 2024
Howdy folks,
🔍💰 Billionaire investor Paul Tudor Jones warns of rampant inflation due to soaring U.S. national debt, suggesting Bitcoin and gold as potential hedges. With the national debt surpassing $35.77 trillion, concerns over inflation become pronounced, driving investors towards assets perceived to maintain value or appreciate over time.
Jones historically aligns with Bitcoin's potential, symbolizing a broader trend of seeking alternative investments amidst economic uncertainty.
In other news:
🚀💰 With a hefty $10 million donation, Ripple co-founder Chris Larsen is showing substantial support for Kamala Harris in the upcoming U.S. elections, enhancing her credibility in the crypto arena. Harris, fighting the "crypto president" narrative linked to Donald Trump, is attracting backers like Larsen, James Murdoch, and Aaron Levie.
Though leading in crypto election bets, Trump surpasses Harris, whose promises to investors remain under scrutiny for their vague nature.
🚀📊 The SEC's 2025 priority list now includes crypto, with plans to examine digital asset services for compliance and regulation. This move comes shortly after Crypto.com's legal actions against the SEC, defending the industry from what it labels as an "unlawful" securities rule.
The SEC aims to scrutinize industry adherence to conduct codes, particularly affecting retail and retirement assets, sparking significant debate over crypto oversight.
🌟🏛️ As the U.S. Presidential election nears, Donald Trump leads Kamala Harris on the prediction platform Polymarket with a significant 27% advantage. Despite Kamala Harris's previous edge, her odds have dropped to 36%, partly due to her less aggressive crypto stance compared to Trump's adventurous approach.
However, traditional polls still see her standing strong in some areas, as debates continue on both candidates' authentic support for the crypto industry.
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