Governments must tax or ban Bitcoin to maintain deficits: Minneapolis Fed
The Federal Reserve Bank of Minneapolis suggests that a ban or tax on Bitcoin could ensure its ability to run permanent budget deficits.
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The Federal Reserve Bank of Minneapolis suggests that a ban or tax on Bitcoin could ensure its ability to run permanent budget deficits.
The United States national debt has crossed $35 trillion, with $500 billion added to the government debt in the last two weeks alone.
According to veteran trader Peter Brandt, the United States dollar has lost over 90% of its value since the 1950s due to inflation.
The United States government is adding $1 trillion to the national debt approximately every 100 days, sparking fears of runaway inflation.
According to researcher Tom Wan, tokenized United States Treasury funds could see $3 billion in capital investment by the end of 2024.
Bitcoin could see a new all-time high due to the looming US federal debt, which surpassed $105,000 for every living person in the country.
The court stipulated that Binance could invest customer funds custodied at BitGo in Treasury Bills maturing along a four-week basis.
