Supply Shock Jerome Powell's WORST Nightmare: TRUMP & BITCOIN?! | Weekly Roundup
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Apr 17, 2025 In this engaging discussion, Michael McSweeney, Editor at Blockworks, shares insights on the reshaping crypto policies in China and Asia. He humorously debates whether McDonald's should adopt Bitcoin. The conversation heats up as they delve into Trump's recent crypto venture and his meeting with El Salvador's Bukele. They also tackle the Supreme Court's decision affecting Trump's control over independent agencies, exploring its potential impact on crypto regulations amid evolving political landscapes. Brace for some intriguing revelations!
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China's Crypto Moves Reflect Liquidity Struggles
- China is experiencing local governments selling Bitcoin due to liquidity crunches, not because of a coordinated strategic reserve plan.
- This reflects broader economic pressures and trade tensions impacting liquidity and monetary responses.
Asia's Rising Bitcoin Adoption Momentum
- Asian countries like Japan and South Korea are leaning towards pro-crypto policies and increased Bitcoin adoption.
- Rising corporate Bitcoin purchases in Asia indicate shifting economic and cultural attitudes toward cryptocurrency.
Geopolitics Shaping Crypto Futures
- Ray Dalio's analysis of monetary cycles predicts China may replace America as a financial powerhouse.
- Regional powers like Japan and Korea resist Chinese imperial influence and align more closely with America.