U.S. Conference Board Consumer Present Situation Index for June

$BTC ( ROBERT KIYOSAKI ADDED MORE $BTC ON HIS HOLDING, HE CLAIM $BTC WILL REACH $150,000.00 ). ADVICING INVESTOR'S TO PAY MORE ATTENTION TO UPCOMING BITCOIN HALVING💪💪🛫🛫 RICH DAD POOR DAD AUTHOR ROBERT KIYOSAKI i WARNS STOCK AND BOND MARKETS ARE 'ABOUT TO CRASH '.. ROBERT KIYOSAKI'S LATEST MARKET CRASH WARNING ⛔⛔⛔⤵️⤵️⤵️⤵️ The author of Rich Dad Poor Dad, Robert Kiyosaki, is back with another warning that the stock and bond markets are about to crash. Rich Dad Poor Dad is a 1997 book co-authored by Kiyosaki and Sharon Lechter. It has been on the New York Times Best Seller List for over six years. More than 32 million copies of the book have been sold in over 51 languages across more than 109 countries. Kiyosaki wrote on social media platform X Friday: “The stock market is climbing higher and higher. Suckers actually believe the economy is strong. Don’t be fooled. The Magnificent 7 financed by U.S. government dollars keeps stock market up.” The famous author cautioned: The Magnificent 7 stocks refer to seven mega-cap tech companies, namely Tesla, Meta, Alphabet, Amazon, Apple, Microsoft, and Nvidia. Last month, Kiyosaki warned investors about the U.S. government’s ballooning debt, urging them to buy bitcoin. This week, he also explained why he owns BTC, emphasizing that the cryptocurrency protects “against the theft of our wealth via our money.” Following the approval of spot bitcoin exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC), the famous author revealed that he increased his bitcoin holdings. He believes the BTC will soon hit $150K, advising investors to pay attention to the upcoming Bitcoin halving.

JUST IN: 🇺🇸 Judge orders SEC to pay $1.8 million in damages for abusing its power against crypto company 'DEBT Box.' #Gate Post Highlights##ContentStar##比特币##BountyCreator##HotTopicDiscussion##GateioBountyCreator##Crypto #

#Do you think the fall of Bitcoin from ATH is a normal retracement?# Concern about the increase in debt and government spending in the USA CME Group predicted the third reason for the increase in Bitcoin as the accelerating national debt and excessive government spending in the USA. While the national debt stock in the country exceeds 34 trillion dollars, it is claimed that Bitcoin sensitivity in the market increased as Fed Chairman Powell stated that this was unsustainable. Analysts also emphasized that a situation similar to gold being seen as a safe haven in times of increased global concerns could also apply to Bitcoin. It was claimed that the upward trend in gold, which started in the last quarter of 2022, supported the upward trend in Bitcoin. #GateioBountyCreator# CME Group launched Bitcoin futures contracts in 2017. The company, which demonstrated its belief in crypto money at that time, made a significant contribution to the adoption of crypto money by launching Bitcoin futures options in 2020. #NewYear2024# #GateioBountyCreator#

China’s Treasury Holdings Drop Dramatically, Raising Red Flags for U.S. Markets China has significantly reduced its stake in the U.S. Treasury market, which was 14% in 2011 and dropped to 3% by the end of 2023. The decline continued in the first quarter of 2024, as Bloomberg’s Masaki Kondo and Iris Ouyang report that China sold $53.3 billion in agency bonds and Treasury notes. As the second-largest foreign holder of U.S. Treasury securities, China’s substantial sell-off could potentially unsettle the Treasury market and raise U.S. borrowing costs. Stephen Chiu, Bloomberg Intelligence’s chief Asia foreign exchange and rates strategist, noted that the pace of these changes could accelerate. “As China is selling both despite the fact that we are closer to a Fed rate-cut cycle, there should be a clear intention of diversifying away from U.S. dollar holdings,” Chiu remarked. “China’s selling of U.S. securities could speed up as U.S.-China trade war resumes,” he added. There are concerns that China might use its Treasury holdings as leverage in the ongoing U.S.-China trade tensions and disputes over issues like Taiwan. Offloading bonds could be perceived as an economic weapon against the United States. Some former Chinese officials have suggested reducing Treasury holdings to mitigate exposure to perceived risks from increasing U.S. debt levels. This has led to speculation that China may be seeking to diversify away from the dollar and U.S. assets. China’s holdings of U.S. Treasury debt can impact the U.S. economy in various ways, including higher interest rates due to decreased demand for U.S. debt, compelling the government to offer higher yields to attract investors. China’s substantial sell-off of U.S. Treasuries could also exert downward pressure on the U.S. dollar. Essentially, a weaker dollar makes U.S. exports more affordable but imports costlier, potentially expanding the U.S. trade deficit.#Pizza##BTC##HotTopicDiscussion##比特币#

The U.S. Securities and Exchange Commission (SEC) faced major repercussions after a federal judge concluded that the agency had misused its authority in a case against a crypto firm. Two SEC lawyers, Michael Welsh and Joseph Watkins, reportedly resigned this month following severe criticism from the judge regarding the agency’s tactics. The two lawyers served as lead attorneys in the SEC’s case against Digital Licensing Inc., a cryptocurrency platform also known as Debt Box. Sources familiar with the situation revealed to Bloomberg Monday that an SEC official informed the lawyers that they would be terminated if they did not resign. The SEC accused Debt Box of defrauding investors and requested the court to freeze the company’s assets and put it under receivership. However, Judge Robert Shelby later discovered that the SEC’s case relied on false statements and lacked substantial evidence. Criticizing the arguments presented by Welsh and the evidence provided by Watkins, the judge concluded that the SEC had made “materially false and misleading representations” in its lawsuit against the cryptocurrency firm.Judge Shelby sanctioned the SEC for its “gross abuse of power.” The SEC’s enforcement chief and Welsh subsequently apologized to the court. The securities regulator stated that it “deeply regrets” the errors made in the case against Debt Box and promised to “conduct mandatory training” for staff involved to avoid similar errors in the future. The SEC has attempted to dismiss the case against the crypto firm without prejudice, but a final decision from the judge is pending. In February, five U.S. senators expressed their concerns to SEC Chairman Gary Gensler regarding the agency’s enforcement action against Debt Box. The lawmakers stressed: “We are greatly concerned by the Commission’s conduct in this case.”