at the 2024 North American Blockchain Summit held in Dallas, Texas, Avik Roy, the chairman of a non-profit think tank, said on stage: "When Wyoming Senator Cynthia Lummis talked about how a Bitcoin strategic reserve plan could help us eliminate federal debt, it was an over-hype of what Bitcoin can do. If the US were to purchase a "huge amount" of Bitcoin and make it appreciate, it could be helpful, but it would not solve the problem of the almost exponentially growing $35.46 trillion debt problem since the 1980s."
Welcome Back
Click “Sign in” to agree to Cointime’s Terms of Service and acknowledge that Cointime’s Privacy Policy applies to you.
Join CoinTime
Already have an account?
Click “page.Sign up” to agree to Cointime’s <a class="underline" href="#term-of-service">Terms of Service</a> and acknowledge that Cointime’s a class="underline" href="#privacy-policy">Privacy Policy</a> applies to you.
Sign in with email
Sign up with email
Your email
Check your inbox
Click the link we sent to to sign in.
Click the link we sent to to sign up.
Avik Roy, Chairman of the Nonprofit Think Tank: Bitcoin Strategic Reserve Plan Cannot Solve the US Debt Crisis
-
Wechat scan to share
Recommended for you
-
The US spot Bitcoin ETF saw a net inflow of $54.8 million yesterday.
according to data monitored by Farside Investors, the US spot Bitcoin ETF had a net inflow of 54.8 million USD yesterday. -
The US spot Ethereum ETF saw a net outflow of $75.2 million yesterday.
according to data monitored by Farside Investors, the US spot Ethereum ETF had a net outflow of 75.2 million USD yesterday. -
Economists expect the Federal Reserve to cut interest rates in December, with two more cuts possible in 2026.
according to economists surveyed, Federal Reserve officials are expected to vote next week to cut interest rates again to guard against the rising risk of a sharp deterioration in the labor market. The median of respondents shows that the Fed is expected to implement two more 25 basis point rate cuts within the year starting from March 2026. Next week's rate cut will continue the momentum of rate cuts from the policy meetings in September and October. A considerable majority also expect Fed officials to once again reiterate the statement that "the downside risks to employment have increased in recent months," as they did in October. The Federal Reserve will announce its decision at 2 PM Washington time on December 10, followed by a press conference held by Chairman Jerome Powell. -
Bank of America: Markets will soon digest expectations of a Fed rate cut in January.
Bank of America stated the market may soon price in the Federal Reserve's rate cut expectation in January. (Jin10) -
He Lifeng held a video call with U.S. Treasury Secretary Bessant and Trade Representative Greer.
He Lifeng, China's lead for China-US economic and trade relations and Vice Premier of the State Council, held a video call with the US leads, Treasury Secretary Janet Yellen and Trade Representative Katherine Tai. The two sides had in-depth and constructive exchanges on implementing the important consensus reached by the Chinese and US heads of state at the Busan meeting and the November 24 call, focusing on carrying out pragmatic cooperation and properly addressing mutual concerns in the economic and trade field. Both sides positively evaluated the implementation of the outcomes of the China-US economic and trade consultations in Kuala Lumpur, stating that under the strategic guidance of the two heads of state, they will continue to make good use of the China-US economic and trade consultation mechanism, continuously extend the cooperation list, reduce the list of issues, and promote the sustained, stable, and positive development of China-US economic and trade relations. -
Hassett: No discussion with US President Trump regarding the Federal Reserve Chair (selection)
Director of the White House National Economic Council, Hassett, stated: He has not discussed the Federal Reserve Chair (candidate) issue with U.S. President Trump and supports Bassett's views on the Federal Reserve Chair. -
White House National Economic Council Director Hassett: It's Time for the Fed to Cautiously Cut Interest Rates
White House National Economic Council Director Hassett stated: It is time for the Federal Reserve to cautiously cut interest rates. -
The yield on the 10-year U.S. Treasury note rose 2 basis points to 4.12%, a new high since November 2020.
yield on the US 10-year Treasury rose 2 basis points to 4.12%, reaching a new high since November 2020. -
Social media platform "X" has been fined €120 million by the European Union for violating content regulations.
social media platform "X" was fined 120 million euros by the European Union for violating content regulations. The European Commission stated that X violated three provisions of the Digital Services Act and gave X 60 days to provide a solution and 90 days to implement it. (Jin10) -
Sovereign Wealth Funds Were Buyers as Bitcoin Plunged: BlackRock's Larry Fink
The CEO of the asset management giant, whose IBIT is the largest of the spot BTC ETFs, said the state actors were buying not for a trade, but to hold for years.
Daily Must-Read
-
Strategy won’t be forced to sell Bitcoin if stock drops, Bitwise CIO says
-
Coinbase CEO Armstrong Says Banks That Don't Adapt Stablecoin Will be 'Left Behind'
-
DeFi Giant Spark Shelves Crypto App Plans to Focus on Institutional Infrastructure
-
Saylor shrugs off suggestion Wall Street ‘hurt’ Bitcoin amid latest crash
-
Senator Tim Scott pushes for December vote on crypto market bill
-
Nearly 25% of Adults With Internet Access in Asia Might Own Crypto, Report Says
All Comments