Global #Federal Reserve

The conversation around Bitcoin (BTC) as a reserve asset has gained momentum at the state level, particularly with recent moves from Russia and the United States.

In recent years, credit card debt in the U.S. has reached alarming levels, with interest rates surging to an unprecedented 23.4%. This represents a significant increase from previous years, coinciding with the total credit card debt surpassing the $1 trillion mark.

Bitcoin has experienced a notable rise, recently surpassing $65,000, fueled by a confluence of factors that analysts suggest could lead to further increases.

JPMorgan Chase and Bank of America have recently revised their forecasts regarding a potential interest rate cut by the Federal Reserve in November. Citing a robust labor market, both banks now expect the Fed to implement a quarter-point reduction, shifting away from earlier predictions that suggested a more substantial cut due to anticipated economic weakening.

In an era where digital assets are increasingly shaping the financial landscape, the proposal for a National Bitcoin Reserve has begun to attract significant attention from both sides of the political aisle.

The price of gold has reached a historic milestone, surpassing $2,660 per ounce after experiencing a remarkable increase of over 30% this year.