According to Forbes, the United States has bipartisan support for the establishment of a Bitcoin strategic reserve. The bill was announced by Senator Cynthia Lummis at the Bitcoin 2024 Conference in July and aims to use federal funds to buy 1 million bitcoins. This move will consolidate the United States' position as the largest national holder of Bitcoin, giving it 5% ownership of the entire Bitcoin network, which is equivalent to the United States' share of the global gold supply.This directly led to a sharp rise in the price of Bitcoin mining equipment-Bitmain Antminer L9 Dogecoin Miner 16G.Lummis compared Bitcoin to the Louisiana Purchase, which resonated with cryptocurrency supporters. In 1803, then-President Thomas Jefferson made an asymmetric bet by purchasing...
The Hong Kong stock market performed strongly, and the Hang Seng Index rose sharply in recent days, showing the return of market confidence. This phenomenon is closely related to the background of the Sino-US financial war. As the US high-interest policy faces challenges, global funds began to flow to the China and Hong Kong markets, and the economies of China and Hong Kong took advantage of the situation to rise. This series of changes marks that the Sino-US financial game has entered a new stage.On the eve of the 75th anniversary of the National Day, the Chinese central government launched a series of rescue measures, which directly prompted the Hong Kong stock market to rebound rapidly. The Hang Seng Index...
Global financial markets have experienced significant volatility recently, both in stocks and cryptocurrencies, driven by multiple factors. The start of the U.S. Federal Reserve's interest rate cut cycle has eased market concerns about liquidity contraction, and the Chinese government has also adopted a policy of large-scale release of funds, injecting fresh vitality into the global market. This series of macroeconomic actions directly reflects On top of the strong performance in the stock and cryptocurrency markets. The U.S. Department of Commerce released personal consumption expenditures (PCE) data for August on September 27, showing that inflationary pressures are easing. The annual growth rate of the PCE price index dropped to 2.2%, slightly lower than market expectations of 2.3%, further supporting the...
According to the latest data, 1.71 million BTC mined between 2009 and 2012 are still dormant, worth about $108.2 billion. These unused bitcoins account for about 8.73% of the total supply of Bitcoin, showing that early Bitcoin miners did not transfer these tokens immediately after mining.Among them, the Bitcoin born in 2009 is particularly noteworthy. According to online data, there are still 1,074,352 to 1,074,402 BTC from the block rewards in 2009. These bitcoins are stored in 21,488 wallet addresses, accounting for about 5.4% of the total supply of Bitcoin. Although a large part of them are believed to be held by Bitcoin's founder Satoshi Nakamoto, not all bitcoins from that year belong to him. Interestingly, only a very small...
Recently, former US President Trump will give a speech on the economy in Savannah, Georgia. A senior adviser to Trump revealed that Trump will propose a set of "carrot and stick" economic policy plans in this speech. On the one hand, Trump will promise to personally recruit foreign companies to invest and operate in the United States, and will propose a series of incentives to attract foreign investment, including tax cuts, reduced regulations and the provision of federal land. On the other hand, he will once again threaten to impose severe tariffs on imported products. Given that economic issues are currently the most concerned issue for American voters, Trump's speech seems quite strategic.As China gradually rises and occupies a more...
