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Trump's Commerce Secretary Pick Howard Lutnick-Led Firm In Talks For A Bitcoin Lending Project With Tether: Report
El Salvador's President Nayib Bukele Says Renting Out Volcanoes To Mine Bitcoin May 'Actually Make Sense'
Replaying 2021! Bitcoin leads the surge of risky assets, while the US stock market fears a repeat of the major decline in 2022.
Currently, the 10-year US Treasury bond yield is about 4.43%, far higher than the 1.5% in December 2021. Analysis suggests that the current higher borrowing costs have increased market risks. If corporate profits fail to meet expectations, or if Trump fails to fulfill his commitment to create a national reserve of bitcoin, the stock market and bitcoin may face difficulties.
Elon Musk Has A Laugh As Bitcoin Dips After Jim Cramer's Endorsement
The commerce minister nominated by Trump is also a crypto enthusiast and is said to promote a bitcoin lending project.
① The Secretary of Commerce nominee Howard Lutnick, appointed by Trump, has always hoped to popularize cryptos, and his company is reportedly planning to offer dollar loans to customers secured by bitcoin; ② He will collaborate with the stablecoin company Tether, with an initial project scale of 2 billion dollars and a final goal of hundreds of billions of dollars.
Bitcoin Recovers From $95K Dip, Ethereum, Dogecoin Fall Ahead Of Thanksgiving Holiday
