A recent annual letter from Jimmy Damon, chief executive of US banking giant JPMorgan Chase & Co., is highlighted as part of the “big competitive” threat to the banking industry. According to him; “Some serious problems are emerging that need to be addressed – and very quickly: the growth of shadow banking, the legal and regulatory status of Crypto price , the misuse of financial data, the huge risk that cybersecurity poses to the system.“ According to the National Assembly, the US intelligence community predicts a growing world without leaders and instability in the coming decades, as there is a time like artificial intelligence, digital currencies, and climate change in the form of global change. According to Global Trends 2040: A World of Contested, the coming decades will be marked by a mismatch between global challenges and the “ability of institutions and systems to respond.” The result will be “more competition at every level” – especially between the United States and China. Crypto Price Records like Bitcoin and also continued to rise sharply. One day after the leading Cryptocurrency rose more than $5,000 and reached a market value of $1 trillion during that period, Bitcoin (BTC) set another record in its history on Saturday morning, for the first time since It crossed $57,000 and created a massive accumulation among other Cryptocurrencies like Tether. The highest Crypto price level of this digital currency was 57,492.00. Before the start of yesterday’s entertainment and games, Bitcoin was around $51,600. The Crypto Price is currently $56,492. According to Investing, Treasury yields reached their highest level since February 2020 on Friday. And US stocks ended the trading week with an uncertain trend as investors They said that the consequences of inflation call into question the value of stocks and gold. These feelings will probably continue until the week of new trades. Oil fell below $ 60 a barrel as US production fell again late in the week. The dollar fell for a second day on Friday despite rising returns over the same period. The two have a positive relationship that seems to have broken down. Two days of trading was not enough to strengthen the gold and return again. Instead, the yellow metal is getting weaker day by day. The weak dollar has pushed up gold while rising returns have pushed investors from one safe-haven asset to another. Economic data is improving. Politics has calmed down. And interest rates are rising. Its evaluation is not particularly attractive. The Crypto price movement is weak, meaning that falling commodities are often prone to decline. And current economic data, which is improving, often means that gold is performing less well than other assets. In the case of gold, the Crypto price is slightly below $1,800 per ounce. until the end of the year; Even with rising inflation, gold shows a further decline than the current level. The significant increase in the value of this virtual currency has been due to its increasing popularity among investors and large companies. Tesla announced earlier this month that it had invested $1.5 billion in virtual currency.
Crypto price are becoming a more popular threat
Here are some steps in the latest quarterly report:
By 2040, China will be the United States’ largest space competitor
The Crypto price record in digital currencies
US Spy Agencies Suggest Bitcoin May Be a Threat to the US Dollar and the Euro
References
https://www.bnnbloomberg.ca/u-s-spy-agencies-warn-of-threats…
https://blockchain.news/news/us-spy-agencies-suggest-cryptocurrencies…
https://www.bnnbloomberg.ca/u-s-spy-agencies-warn-of-threats…
1 comment
When will the market return to its previous state? Can someone please tell me if Bitcoin will return to the $60,000 channel?
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