BITCOIN

According to Steven Lubka, the head of private clients and family offices, as well as the managing director at Swan Bitcoin, wealthy investors and private offices have been gravitating towards bitcoin since the downfall of Silicon Valley Bank (SVB). Lubka stated that his firm has also observed “corporations engaging in treasury diversification” and emphasized that these investors “want to own an asset that is outside” of the troubled financial system. High-Net-Worth Individuals and Family Offices Are ‘Concerned About Long-Term Stability in the Financial System’ In 2023, three of the largest bank failures in the history of the United States occurred. Since then, affluent investors, family offices, and individuals with high net worth have been gravitating towards bitcoin. This information was shared by Steven Lubka , an executive at Swan Bitcoin, during an interview with Michelle Makori, the lead anchor and editor-in-chief at Kitco News. The conversation took place at the Bitcoin 202

Indian external affairs minister and Russian foreign minister have held a meeting to discuss cooperation within the BRICS, the Group of Twenty (G20), and the Shanghai Cooperation Organization (SCO). The two countries have been shifting to settlements in national currencies, reducing their dependence on the U.S. dollar. Foreign Ministers Discuss BRICS, G20, SCO Indian External Affairs Minister Dr. S. Jaishankar held meetings with his counterparts from several countries, including Russia, Thursday on the sidelines of a two-day BRICS meeting of foreign ministers (FM) in Cape Town, South Africa. The BRICS countries comprise Brazil, Russia, India, China, and South Africa. Jaishankar tweeted following a meeting with his Russian counterpart: “Good to meet FM Sergey Lavrov of Russia in Cape Town this morning on BRICS FMM [Foreign Ministers’ Meeting] sidelines.” He added: Our discussions covered bilateral matters, BRICS, G20, and SCO. India and Russia are members of the BRICS, the Group

Tesla and Spacex CEO Elon Musk says commercial real estate is “melting down fast,” warning that home values will be next. Some experts disagree with Musk regarding the residential real estate market, including Shark Tank star Barbara Corcoran. However, she agrees that the commercial real estate market is “going to be a bit of a bloodbath before it gets better.” Elon Musk’s Real Estate Market Warnings Tesla and Spacex CEO Elon Musk warned about real estate markets in a tweet Monday. The billionaire cautioned that the commercial real estate market is “melting down fast,” predicting that home values will be next. Musk’s tweet was in reply to venture capitalist David Sacks, founder and partner of Craft Ventures, who extensively discussed the challenges faced by the commercial real estate market through a series of tweets over the past few days. Sacks highlighted the effects of the Federal Reserve raising interest rates from near 0% to about 5% in the past year, stating that they cor

Economist Peter Schiff has warned of an impending U.S. dollar crisis. He predicted that with the new debt ceiling deal, “reckless government spending and borrowing will continue until a sovereign debt and U.S. dollar crisis bring it to a catastrophic end.” Peter Schiff’s Latest Economic, Dollar Crisis Warnings Economist and gold bug Peter Schiff has taken to Twitter to voice concerns about the U.S. economy and the impending U.S. dollar crisis. His warnings followed the recent debt ceiling deal reached to prevent the U.S. from potentially defaulting on its debt obligations. “Now that the fake debt ceiling crisis is behind us, we can focus on the real crisis that lies ahead,” Schiff tweeted Wednesday, emphasizing: Suspending the debt ceiling yet again means that reckless government spending and borrowing will continue until a sovereign debt and U.S. dollar crisis brings it to a catastrophic end. “The $1.5 trillion the debt ceiling deal purports to save over 10 years amounts to

Bitcoin continued to erase last week’s gains on Thursday, as prices dropped for a fourth straight session. The latest decline comes ahead of tomorrow’s non-farm payrolls (NFP) report from the United States. Despite today’s weakness, ethereum remained above $1,800. Bitcoin Bitcoin (BTC) moved below the $27,000 level in today’s session, ahead of Friday’s non-farm payrolls report. It is expected that the number of jobs added to the U.S. economy will come in at 190,000, less than the 253,000 sum the month prior. BTC /USD fell to a low of $26,671.72 earlier in the day, which comes following a peak at $27,346.11 the day before. Looking at the chart, this latest decline occurred as a result of the relative strength index (RSI) falling below a floor of 46.00. At the time of writing this, the index is now tracking at 44.58, with a support point of 43.00 as a possible target. Should this level be hit, there is a strong possibility that BTC will hit a floor of its own around $26,300. E

Luiz Inacio “Lula” Da Silva, President of Brazil, remarked on the need to retake South American integration mechanisms through the Union of South American Nations (USAN). Lula also proposed to shift away from the U.S. dollar by using a standard reference currency for bilateral settlements among countries in the region. Brazil’s Lula Proposes to Unite South America Through USAN Brazilian President Luiz Inacio ‘Lula’ Da Silva proposed to integrate all the countries in South America again through the Union of South American Nations (USAN) and to shift away from the U.S. dollar in bilateral settlements in the region. While giving the opening speech of a summit with the presence of 11 presidents of South America, Lula stated that the region should rebuild its integration method to face the hurdles of the ongoing globalization process. Lula stated : There is no time to lose. South America has before it, once again, the opportunity to walk the path of unity. And you don’t have to start