Coin Stories
News Block: Debate Reaction, Financial Risks Looming, SEC Doubles Down on Controversial Bank Custody Rule, Record Outflows in Bitcoin ETFs
Sep 11, 2024
This week features Janet Yellen, former Secretary of the Treasury, who discusses her views on financial risks and her past predictions of crises. Vice President Kamala Harris and former President Donald Trump reflect on a recent presidential debate, scrutinizing the lack of focus on economic issues. The podcast also delves into the SEC's controversial custody rule and the alarming trend of record outflows from Bitcoin ETFs, raising questions about institutional adoption amid market volatility.
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Quick takeaways
- The recent presidential debate highlighted a concerning lack of substantial economic discussion on critical issues like national debt and inflation.
- Despite record outflows from Bitcoin ETFs, institutional interest in Bitcoin remains strong, signaling a potential long-term growth trajectory for the asset.
Deep dives
Debate Disappointment and Economic Concerns
The recent debate between Vice President Kamala Harris and former President Donald Trump left many disappointed, particularly regarding their failure to address pressing economic issues. The discussion overlooked critical topics such as national debt and inflation, which are top concerns for voters. Trump did not mention his strategic Bitcoin stockpile proposal, while Harris's unrealized capital gains tax plan went unchallenged. This gap in economic discourse highlights the need for more substantial discussions on economic policy in future debates.
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