{"id":116408,"date":"2024-10-20T18:24:46","date_gmt":"2024-10-20T11:24:46","guid":{"rendered":"https:\/\/hotvideos24.online\/?p=116408"},"modified":"2024-10-20T18:24:46","modified_gmt":"2024-10-20T11:24:46","slug":"this-needs-to-stop-tesla-billionaire-elon-musk-issues-staggering-fed-bankruptcy-warning-after-sparking-bitcoin-price-panic","status":"publish","type":"post","link":"https:\/\/hotvideos24.online\/?p=116408","title":{"rendered":"\u2018This Needs To Stop\u2019\u2014Tesla Billionaire Elon Musk Issues \u2018Staggering\u2019 Fed \u2018Bankruptcy\u2019 Warning After Sparking Bitcoin Price Panic"},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<\/p>\n<div>\n<p><em>10\/20 update below. This post was originally published on October 18<\/em><\/p>\n<p>Tesla billionaire Elon Musk, <a href=\"https:\/\/www.forbes.com\/sites\/digital-assets\/2024\/10\/05\/doge-in-the-treasury-mark-cuban-teases-wild-donald-trump-and-elon-musk-plan-to-pay-off-35-trillion-of-us-debt-with-bitcoin-and-crypto-amid-price-boom\/\" target=\"_self\" class=\"color-link\" title=\"https:\/\/www.forbes.com\/sites\/digital-assets\/2024\/10\/05\/doge-in-the-treasury-mark-cuban-teases-wild-donald-trump-and-elon-musk-plan-to-pay-off-35-trillion-of-us-debt-with-bitcoin-and-crypto-amid-price-boom\/\" data-ga-track=\"InternalLink:https:\/\/www.forbes.com\/sites\/digital-assets\/2024\/10\/05\/doge-in-the-treasury-mark-cuban-teases-wild-donald-trump-and-elon-musk-plan-to-pay-off-35-trillion-of-us-debt-with-bitcoin-and-crypto-amid-price-boom\/\" aria-label=\"who could be about to put &quot;dogecoin in the Treasury,&quot;\" rel=\"noopener\">who could be about to put &#8220;dogecoin in the Treasury,&#8221;<\/a> sparked bitcoin price panic this week when Tesla suddenly moved its bitcoin.<\/p>\n<p><a href=\"https:\/\/app.deform.cc\/form\/0f3efc64-cf8c-4c1d-8bfa-2350f0a25bf0\/?page_number=0\" rel=\"nofollow noopener noreferrer\" target=\"_blank\" class=\"color-link\" title=\"https:\/\/app.deform.cc\/form\/0f3efc64-cf8c-4c1d-8bfa-2350f0a25bf0\/?page_number=0\" data-ga-track=\"ExternalLink:https:\/\/app.deform.cc\/form\/0f3efc64-cf8c-4c1d-8bfa-2350f0a25bf0\/?page_number=0\" aria-label=\"Unlock over $3,000 in perks including unparalleled access to a community of top Web3 entrepreneurs, creators, and investors, providing you with premium networking, priority access to global events, Free access to Forbes.com and our Forbes CryptoAsset &amp; Blockchain Advisor newsletter. Apply now!\"><strong data-ga-track=\"ExternalLink:https:\/\/app.deform.cc\/form\/0f3efc64-cf8c-4c1d-8bfa-2350f0a25bf0\/?page_number=0\"><em data-ga-track=\"ExternalLink:https:\/\/app.deform.cc\/form\/0f3efc64-cf8c-4c1d-8bfa-2350f0a25bf0\/?page_number=0\">Unlock over $3,000 in perks including unparalleled access to a community of top Web3 entrepreneurs, creators, and investors, providing you with premium networking, priority access to global events, Free access to <\/em><\/strong>Forbes.com<em data-ga-track=\"ExternalLink:https:\/\/app.deform.cc\/form\/0f3efc64-cf8c-4c1d-8bfa-2350f0a25bf0\/?page_number=0\"> <\/em><strong data-ga-track=\"ExternalLink:https:\/\/app.deform.cc\/form\/0f3efc64-cf8c-4c1d-8bfa-2350f0a25bf0\/?page_number=0\"><em data-ga-track=\"ExternalLink:https:\/\/app.deform.cc\/form\/0f3efc64-cf8c-4c1d-8bfa-2350f0a25bf0\/?page_number=0\">and our<\/em><\/strong><em data-ga-track=\"ExternalLink:https:\/\/app.deform.cc\/form\/0f3efc64-cf8c-4c1d-8bfa-2350f0a25bf0\/?page_number=0\"> <\/em>Forbes<em data-ga-track=\"ExternalLink:https:\/\/app.deform.cc\/form\/0f3efc64-cf8c-4c1d-8bfa-2350f0a25bf0\/?page_number=0\"> CryptoAsset &amp; Blockchain Advisor newsletter.<\/em><strong data-ga-track=\"ExternalLink:https:\/\/app.deform.cc\/form\/0f3efc64-cf8c-4c1d-8bfa-2350f0a25bf0\/?page_number=0\"><em data-ga-track=\"ExternalLink:https:\/\/app.deform.cc\/form\/0f3efc64-cf8c-4c1d-8bfa-2350f0a25bf0\/?page_number=0\"> Apply now!<\/em><\/strong><\/a><\/p>\n<p>The bitcoin price, <a href=\"https:\/\/www.forbes.com\/sites\/digital-assets\/2024\/10\/13\/digitizing-the-dollar-blackrock-ceo-reveals-his-radical-plan-for-ai-powered-crypto-thats-predicted-to-blow-up-the-price-of-bitcoin-and-ethereum\/\" target=\"_self\" class=\"color-link\" title=\"https:\/\/www.forbes.com\/sites\/digital-assets\/2024\/10\/13\/digitizing-the-dollar-blackrock-ceo-reveals-his-radical-plan-for-ai-powered-crypto-thats-predicted-to-blow-up-the-price-of-bitcoin-and-ethereum\/\" data-ga-track=\"InternalLink:https:\/\/www.forbes.com\/sites\/digital-assets\/2024\/10\/13\/digitizing-the-dollar-blackrock-ceo-reveals-his-radical-plan-for-ai-powered-crypto-thats-predicted-to-blow-up-the-price-of-bitcoin-and-ethereum\/\" aria-label=\"which soared toward its all-time high of around $70,000 per bitcoin in recent weeks\" rel=\"noopener\">which soared toward its all-time high of around $70,000 per bitcoin in recent weeks<\/a> thanks to BlackRock <a href=\"https:\/\/www.forbes.com\/sites\/digital-assets\/2024\/10\/14\/a-china-tsunami-has-suddenly-hit-crypto-as-the-bitcoin-price-smashes-65000\/\" target=\"_self\" class=\"color-link\" title=\"https:\/\/www.forbes.com\/sites\/digital-assets\/2024\/10\/14\/a-china-tsunami-has-suddenly-hit-crypto-as-the-bitcoin-price-smashes-65000\/\" data-ga-track=\"InternalLink:https:\/\/www.forbes.com\/sites\/digital-assets\/2024\/10\/14\/a-china-tsunami-has-suddenly-hit-crypto-as-the-bitcoin-price-smashes-65000\/\" aria-label=\"and China\" rel=\"noopener\">and China<\/a>, has stalled after Tesla&#8217;s $750 million worth of bitcoin moved to new addresses following two years of dormancy, sparking speculation Tesla may have sold off its remaining bitcoin.<\/p>\n<p>Now, <a href=\"https:\/\/www.forbes.com\/sites\/digital-assets\/2024\/10\/17\/a-fed-nightmare-is-predicted-to-spark-a-bitcoin-price-tipping-point\/\" target=\"_self\" class=\"color-link\" title=\"https:\/\/www.forbes.com\/sites\/digital-assets\/2024\/10\/17\/a-fed-nightmare-is-predicted-to-spark-a-bitcoin-price-tipping-point\/\" data-ga-track=\"InternalLink:https:\/\/www.forbes.com\/sites\/digital-assets\/2024\/10\/17\/a-fed-nightmare-is-predicted-to-spark-a-bitcoin-price-tipping-point\/\" aria-label=\"as billionaire investor Stanley Druckenmiller issues a serious Federal Reserve warning\" rel=\"noopener\">as billionaire investor Stanley Druckenmiller issues a serious Federal Reserve warning<\/a>, Elon Musk has <a href=\"https:\/\/www.forbes.com\/sites\/digital-assets\/2024\/10\/03\/tesla-billionaire-elon-musk-issues-35-trillion-us-bankruptcy-warning-predicted-to-trigger-a-bitcoin-price-boom\/\" target=\"_self\" class=\"color-link\" title=\"https:\/\/www.forbes.com\/sites\/digital-assets\/2024\/10\/03\/tesla-billionaire-elon-musk-issues-35-trillion-us-bankruptcy-warning-predicted-to-trigger-a-bitcoin-price-boom\/\" data-ga-track=\"InternalLink:https:\/\/www.forbes.com\/sites\/digital-assets\/2024\/10\/03\/tesla-billionaire-elon-musk-issues-35-trillion-us-bankruptcy-warning-predicted-to-trigger-a-bitcoin-price-boom\/\" aria-label=\"repeated a warning that the U.S. is hurtling toward the brink of &quot;bankruptcy.&quot;\" rel=\"noopener\">repeated a warning that the U.S. is hurtling toward the brink of &#8220;bankruptcy.&#8221;<\/a><\/p>\n<p><fbs-ad position=\"inread\" progressive=\"\" ad-id=\"article-0-inread\" aria-hidden=\"true\" role=\"presentation\"\/><\/p>\n<p><a href=\"https:\/\/www.forbes.com\/newsletter\/cryptocodex\/#49ee29f83534\" target=\"_self\" class=\"color-link\" title=\"https:\/\/www.forbes.com\/newsletter\/cryptocodex\/#49ee29f83534\" data-ga-track=\"InternalLink:https:\/\/www.forbes.com\/newsletter\/cryptocodex\/#49ee29f83534\" aria-label=\"Sign up now for the free CryptoCodex\" rel=\"noopener\"><strong data-ga-track=\"InternalLink:https:\/\/www.forbes.com\/newsletter\/cryptocodex\/#49ee29f83534\">Sign up now for the free <em data-ga-track=\"InternalLink:https:\/\/www.forbes.com\/newsletter\/cryptocodex\/#49ee29f83534\">CryptoCodex<\/em><\/strong><\/a>\u2014<strong>A daily five-minute newsletter for traders, investors and the crypto-curious that will get you up to date and keep you ahead of the bitcoin and crypto market bull run<\/strong><\/p>\n<p><a class=\"embed-base color-body color-body-border link-embed embed-9\" href=\"https:\/\/www.forbes.com\/sites\/digital-assets\/2024\/10\/17\/a-fed-nightmare-is-predicted-to-spark-a-bitcoin-price-tipping-point\/\" target=\"_blank\" aria-label=\"A Fed \u2018Nightmare\u2019 Is Predicted To Spark A Bitcoin Price \u2018Tipping Point\u2019\" rel=\"noopener noreferrer\" data-ga-track=\"forbesEmbedly:https:\/\/www.forbes.com\/sites\/digital-assets\/2024\/10\/17\/a-fed-nightmare-is-predicted-to-spark-a-bitcoin-price-tipping-point\/\"><span class=\"link-embed__info\"><span class=\"link-embed__provider\">Forbes<\/span><span class=\"link-embed__title\">A Fed \u2018Nightmare\u2019 Is Predicted To Spark A Bitcoin Price \u2018Tipping Point\u2019<\/span><small class=\"link-embed__byline\">By <span class=\"link-embed__author\">Billy Bambrough<\/span><\/small><\/span><span class=\"link-embed__thumbnail-wrapper\"><span class=\"link-embed__thumbnail allow-inline-style\" style=\"background-image: url(https:\/\/specials-images.forbesimg.com\/imageserve\/633c2741f081733a2a78b209\/960x0.jpg);\"\/><\/span><\/a><\/p>\n<figure class=\"embed-base image-embed embed-12\" role=\"presentation\"><figcaption><fbs-accordion class=\"expandable\" current=\"-1\"><\/p>\n<p class=\"color-body light-text\">Tesla billionaire Elon Musk has repeatedly warned the U.S. is headed for &#8220;bankruptcy&#8221;\u2014while the <span class=\"plus\" data-ga-track=\"caption expand\">&#8230; [+]<\/span><span class=\"expanded-caption\"> bitcoin price has soared toward its all-time high of around $70,000 per bitcoin.<\/span><\/p>\n<p><\/fbs-accordion><small>\u00a9 2023 Bloomberg Finance LP<\/small><\/figcaption><\/figure>\n<p>&#8220;Excess government spending is driving America to bankruptcy,&#8221; Musk <a href=\"https:\/\/x.com\/elonmusk\/status\/1847056569315266560\" rel=\"nofollow noopener noreferrer\" target=\"_blank\" class=\"color-link\" title=\"https:\/\/x.com\/elonmusk\/status\/1847056569315266560\" data-ga-track=\"ExternalLink:https:\/\/x.com\/elonmusk\/status\/1847056569315266560\" aria-label=\"posted\">posted<\/a> to X, the social media platform he bought and rebranded from Twitter.<\/p>\n<p>Musk&#8217;s post quoted an anonymous finance account that had said &#8220;$500 billion was added to the national debt in just the last 3 weeks,&#8221; adding: &#8220;The government is out of control.&#8221;<\/p>\n<p>Meanwhile, <a href=\"https:\/\/x.com\/elonmusk\/status\/1847120295565332602\" rel=\"nofollow noopener noreferrer\" target=\"_blank\" class=\"color-link\" title=\"https:\/\/x.com\/elonmusk\/status\/1847120295565332602\" data-ga-track=\"ExternalLink:https:\/\/x.com\/elonmusk\/status\/1847120295565332602\" aria-label=\"speaking\">speaking<\/a> during a town hall meeting in Folsom, Pennsylvania, Musk warned inflation could again spiral out of control as a result of &#8220;crazy&#8221; government spending.<\/p>\n<p>&#8220;The Federal government is spending America into bankruptcy &#8230; and that&#8217;s what really leads to inflation &#8230; when the government spends more than it brings in,&#8221; Musk said, calling it a &#8220;pernicious&#8221; tax.<\/p>\n<p>&#8220;We have to radically reduce the amount of government spending so we don&#8217;t rack up a government debt that&#8217;s impossible to repay and we don&#8217;t drive the country to bankruptcy,&#8221; Musk said.<\/p>\n<p><em>10\/20 update: Elon Musk has continued to warn that U.S. spending is spiraling out of control, <\/em><a href=\"https:\/\/x.com\/elonmusk\/status\/1847627745829736679\" rel=\"nofollow noopener noreferrer\" target=\"_blank\" class=\"color-link\" title=\"https:\/\/x.com\/elonmusk\/status\/1847627745829736679\" data-ga-track=\"ExternalLink:https:\/\/x.com\/elonmusk\/status\/1847627745829736679\" aria-label=\"posting\"><em data-ga-track=\"ExternalLink:https:\/\/x.com\/elonmusk\/status\/1847627745829736679\">posting<\/em><\/a><em> to X that &#8220;this needs to stop.&#8221;<\/em><\/p>\n<p><em>&#8220;The U.S. Treasury\u2014your tax dollars\u2014are being wasted at a staggering rate,&#8221; Musk posted, quoting a post by a political action committee (PAC) founded by Musk that claimed &#8220;half a trillion dollars has been added to the National Debt in the in the past three weeks.&#8221;<\/em><\/p>\n<p><em>&#8220;Wasteful spending is out of control in this country,&#8221; the America PAC posted, adding &#8220;a Department of Government Efficiency is desperately needed.&#8221;<\/em><\/p>\n<p><em>Musk has agreed to lead the so-called Department of Government Efficiency that has been suggested by former U.S. president and Republican candidate Donald Trump, calling it Doge\u2014a reference to the meme that&#8217;s also the basis of the dogecoin cryptocurrency. <\/em><\/p>\n<p><em>The dogecoin cryptocurrency, a tongue-in-cheek rival to bitcoin that&#8217;s been semi-adopted by Musk over recent years, has seen its price soar 25% this last week on the back of Musk&#8217;s Doge department comments\u2014which <\/em><a href=\"https:\/\/www.forbes.com\/sites\/digital-assets\/2024\/10\/05\/doge-in-the-treasury-mark-cuban-teases-wild-donald-trump-and-elon-musk-plan-to-pay-off-35-trillion-of-us-debt-with-bitcoin-and-crypto-amid-price-boom\/\" target=\"_self\" class=\"color-link\" title=\"https:\/\/www.forbes.com\/sites\/digital-assets\/2024\/10\/05\/doge-in-the-treasury-mark-cuban-teases-wild-donald-trump-and-elon-musk-plan-to-pay-off-35-trillion-of-us-debt-with-bitcoin-and-crypto-amid-price-boom\/\" data-ga-track=\"InternalLink:https:\/\/www.forbes.com\/sites\/digital-assets\/2024\/10\/05\/doge-in-the-treasury-mark-cuban-teases-wild-donald-trump-and-elon-musk-plan-to-pay-off-35-trillion-of-us-debt-with-bitcoin-and-crypto-amid-price-boom\/\" aria-label=\"caused billionaire Mark Cuban to joke that Musk could put &quot;dogecoin in the U.S. Treasury,&quot; if Donald Trump retakes the White House next month\" rel=\"noopener\"><em data-ga-track=\"InternalLink:https:\/\/www.forbes.com\/sites\/digital-assets\/2024\/10\/05\/doge-in-the-treasury-mark-cuban-teases-wild-donald-trump-and-elon-musk-plan-to-pay-off-35-trillion-of-us-debt-with-bitcoin-and-crypto-amid-price-boom\/\">caused billionaire Mark Cuban to joke that Musk could put &#8220;dogecoin in the U.S. Treasury,&#8221; if Donald Trump retakes the White House next month<\/em><\/a><em>.<\/em><\/p>\n<p>Last month, Musk met with El Salvador&#8217;s bitcoin-backing president Nayib Bukele, who made history when he adopted bitcoin as legal tender in El Salvador in 2021, <a href=\"https:\/\/www.forbes.com\/sites\/digital-assets\/2024\/09\/21\/the-future-of-humanity-elon-musk-reveals-details-of-secret-meeting-with-el-salvadors-bitcoin-president-amid-price-rally\/\" target=\"_self\" class=\"color-link\" title=\"https:\/\/www.forbes.com\/sites\/digital-assets\/2024\/09\/21\/the-future-of-humanity-elon-musk-reveals-details-of-secret-meeting-with-el-salvadors-bitcoin-president-amid-price-rally\/\" data-ga-track=\"InternalLink:https:\/\/www.forbes.com\/sites\/digital-assets\/2024\/09\/21\/the-future-of-humanity-elon-musk-reveals-details-of-secret-meeting-with-el-salvadors-bitcoin-president-amid-price-rally\/\" aria-label=\"with Bukele predicting the U.S.'s days could be numbered\" rel=\"noopener\">with Bukele predicting the U.S.&#8217;s days could be numbered<\/a>.<\/p>\n<p>U.S. national debt has skyrocketed in recent years, crossing the $34 trillion mark at the beginning of 2024, largely due to Covid and lockdown stimulus measures that sent inflation spiraling out of control and forced the Federal Reserve to hike interest rates at a historical clip.<\/p>\n<p>Earlier this year, Bank of America analysts warned the U.S. debt load is about to ramp up to add $1 trillion every 100 days\u2014<a href=\"https:\/\/www.forbes.com\/sites\/digital-assets\/2024\/03\/04\/us-dollar-collapse-bank-of-america-issues-shocking-1-trillion-every-100-days-warning-amid-huge-bitcoin-ethereum-xrp-and-crypto-price-boom-to-rival-gold\/?sh=2c1e75b18da0\" target=\"_self\" class=\"color-link\" title=\"https:\/\/www.forbes.com\/sites\/digital-assets\/2024\/03\/04\/us-dollar-collapse-bank-of-america-issues-shocking-1-trillion-every-100-days-warning-amid-huge-bitcoin-ethereum-xrp-and-crypto-price-boom-to-rival-gold\/?sh=2c1e75b18da0\" data-ga-track=\"InternalLink:https:\/\/www.forbes.com\/sites\/digital-assets\/2024\/03\/04\/us-dollar-collapse-bank-of-america-issues-shocking-1-trillion-every-100-days-warning-amid-huge-bitcoin-ethereum-xrp-and-crypto-price-boom-to-rival-gold\/?sh=2c1e75b18da0\" aria-label=\"potentially fueling a bitcoin price surge\" rel=\"noopener\">potentially fueling a bitcoin price surge<\/a>\u2014and could reach $36 trillion by the end of 2024.<\/p>\n<p><a href=\"https:\/\/www.forbes.com\/newsletter\/cryptocodex\/#2451f12d3534\" target=\"_self\" class=\"color-link\" title=\"https:\/\/www.forbes.com\/newsletter\/cryptocodex\/#2451f12d3534\" data-ga-track=\"InternalLink:https:\/\/www.forbes.com\/newsletter\/cryptocodex\/#2451f12d3534\" aria-label=\"Sign up now for CryptoCodex\" rel=\"noopener\"><strong data-ga-track=\"InternalLink:https:\/\/www.forbes.com\/newsletter\/cryptocodex\/#2451f12d3534\">Sign up now for <em data-ga-track=\"InternalLink:https:\/\/www.forbes.com\/newsletter\/cryptocodex\/#2451f12d3534\">CryptoCodex<\/em><\/strong><\/a><strong>\u2014A free, daily newsletter for the crypto-curious<\/strong><\/p>\n<p><a class=\"embed-base color-body color-body-border link-embed embed-13 link-embed--long-title\" href=\"https:\/\/www.forbes.com\/sites\/digital-assets\/2024\/10\/13\/digitizing-the-dollar-blackrock-ceo-reveals-his-radical-plan-for-ai-powered-crypto-thats-predicted-to-blow-up-the-price-of-bitcoin-and-ethereum\/\" target=\"_blank\" aria-label=\"\u2018Digitizing The Dollar\u2019\u2014BlackRock CEO Reveals His Radical Plan For AI-Powered Crypto That\u2019s Predicted To Blow Up The Price Of Bitcoin And Ethereum\" rel=\"noopener noreferrer\" data-ga-track=\"forbesEmbedly:https:\/\/www.forbes.com\/sites\/digital-assets\/2024\/10\/13\/digitizing-the-dollar-blackrock-ceo-reveals-his-radical-plan-for-ai-powered-crypto-thats-predicted-to-blow-up-the-price-of-bitcoin-and-ethereum\/\"><span class=\"link-embed__info\"><span class=\"link-embed__provider\">Forbes<\/span><span class=\"link-embed__title\">\u2018Digitizing The Dollar\u2019\u2014BlackRock CEO Reveals His Radical Plan For AI-Powered Crypto That\u2019s Predicted To Blow Up The Price Of Bitcoin And Ethereum<\/span><small class=\"link-embed__byline\">By <span class=\"link-embed__author\">Billy Bambrough<\/span><\/small><\/span><span class=\"link-embed__thumbnail-wrapper\"><span class=\"link-embed__thumbnail allow-inline-style\" style=\"background-image: url(https:\/\/specials-images.forbesimg.com\/imageserve\/65a17e4e00d89b897eff9a70\/960x0.jpg?cropX1=494&amp;cropX2=1612&amp;cropY1=62&amp;cropY2=748);\"\/><\/span><\/a><\/p>\n<figure class=\"embed-base image-embed embed-16\" role=\"presentation\"><figcaption><fbs-accordion class=\"expandable\" current=\"-1\"><\/p>\n<p class=\"color-body light-text\">The bitcoin price has returned to its all-time high this year, surging as the Federal Reserve gears <span class=\"plus\" data-ga-track=\"caption expand\">&#8230; [+]<\/span><span class=\"expanded-caption\"> up to begin its interest rate cutting cycle.<\/span><\/p>\n<p><\/fbs-accordion><small>Forbes Digital Assets<\/small><\/figcaption><\/figure>\n<p>Earlier this month, JPMorgan analysts <a href=\"https:\/\/www.forbes.com\/sites\/digital-assets\/2024\/10\/08\/jpmorgan-has-quietly-tipped-bitcoin-for-a-75-trillion-donald-trump-and-federal-reserve-price-earthquake\/\" target=\"_self\" class=\"color-link\" title=\"https:\/\/www.forbes.com\/sites\/digital-assets\/2024\/10\/08\/jpmorgan-has-quietly-tipped-bitcoin-for-a-75-trillion-donald-trump-and-federal-reserve-price-earthquake\/\" data-ga-track=\"InternalLink:https:\/\/www.forbes.com\/sites\/digital-assets\/2024\/10\/08\/jpmorgan-has-quietly-tipped-bitcoin-for-a-75-trillion-donald-trump-and-federal-reserve-price-earthquake\/\" aria-label=\"predicted a so-called &quot;debasement trade&quot; could fuel a bitcoin price boom going into the U.S. election\" rel=\"noopener\">predicted a so-called &#8220;debasement trade&#8221; could fuel a bitcoin price boom going into the U.S. election<\/a>.<\/p>\n<p>Gold and bitcoin could be boosted by &#8220;persistently high government deficits across major economies, to waning confidence in fiat currencies in certain emerging markets, and to a broader diversification away from the dollar,&#8221; according to the analysts who said a Trump election win would likely reinforce the debasement trade.<\/p>\n<p>&#8220;Rising geopolitical tensions and the coming U.S. election are likely to reinforce what some investors call the &#8216;debasement trade&#8217; thus favoring both gold and bitcoin,&#8221; JPMorgan analysts led by Nikolaos Panigirtzoglou wrote in a note to clients <a href=\"https:\/\/watch.com\/story\/the-debasement-trade-boosting-bitcoin-and-gold-may-continue-says-jpmorgan-b5ec5bfd\" rel=\"nofollow noopener noreferrer\" target=\"_blank\" class=\"color-link\" title=\"https:\/\/watch.com\/story\/the-debasement-trade-boosting-bitcoin-and-gold-may-continue-says-jpmorgan-b5ec5bfd\" data-ga-track=\"ExternalLink:https:\/\/watch.com\/story\/the-debasement-trade-boosting-bitcoin-and-gold-may-continue-says-jpmorgan-b5ec5bfd\" aria-label=\"seen\">seen<\/a> by <em>Marketwatch<\/em>.<\/p>\n<\/div>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<br \/><div data-type=\"_mgwidget\" data-widget-id=\"1660802\">\r\n<\/div>\r\n<script>(function(w,q){w[q]=w[q]||[];w[q].push([\"_mgc.load\"])})(window,\"_mgq\");\r\n<\/script>\r\n<br \/>\n<br \/><a href=\"https:\/\/www.forbes.com\/sites\/digital-assets\/2024\/10\/20\/500-billion-in-three-weeks-tesla-billionaire-elon-musk-issues-crazy-fed-bankruptcy-warning-after-sparking-bitcoin-price-panic\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>10\/20 update below. This post was originally published on October 18 Tesla billionaire Elon Musk, who could be about to put &#8220;dogecoin in the Treasury,&#8221; sparked bitcoin price panic this &hellip; <a href=\"https:\/\/hotvideos24.online\/?p=116408\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-116408","post","type-post","status-publish","format-standard","hentry","category-business","entry"],"_links":{"self":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/116408","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=116408"}],"version-history":[{"count":0,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/116408\/revisions"}],"wp:attachment":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=116408"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=116408"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=116408"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}