💰 Gate.io Daily Topic & Post Event
➡️ #BitcoinStrategicReserveAct#
— On May 7, New Hampshire became the first U.S. state to include Bitcoin in its strategic reserves. The new HB 302 bill allows up to 5% of public funds to be invested in digital assets and precious metals with a market cap over $500B.
Will this boost Bitcoin’s price? Could it set a trend for other states or countries? Share your thoughts!
➡️ #FOMCMeeting#
— The Fed will announce its May rate decision on May 8. Despite pressure to cut, markets expect no change. How do you think this will impact the market?
✍️ Post with #Bitcoin
Morgan Stanley: The continuous rise of the US economy and the possibility of further interest rate cuts by the Federal Reserve may still support risk assets
Jinshi data on December 19th, Morgan Stanley analyst Tai Hui said in a research report that by 2025, the continued rise of the US economy and further interest rate cuts by the Federal Reserve should still support risk assets such as stocks and corporate credit. The chief market strategist in the Asia-Pacific region said that the Federal Reserve's indication of a more cautious approach to interest rate cuts next year led to a rise in US Treasury yields, a dumping of the stock market, and a strengthening of the US dollar. However, he added that the range of outcomes that the incoming Trump administration may bring is becoming wider, bringing both upside and downside risks to the economy and corporate profits, which may require investors to adopt a more diversified asset allocation approach.