U.S. stocks, bonds, and Bitcoin are experiencing a strong rebound, but skeptics are closely watching for "signs of economic collapse in the USA."
The decline in shipping volume in Los Angeles, the decrease in travel-related outings, and the reduction in credit card revenue in key Consumer sectors have led data-driven Wall Street Analysts to observe several concerning economic Indicators.
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Swiss National Bank: Bitcoin is not suitable as a reserve asset.
① The President of the Swiss Franc Central Bank, Martin Schlegel, stated on Friday that Cryptos do not meet the standards for central bank reserve currencies; ② This statement refutes the calls from Cryptos supporters that the Swiss Franc Central Bank should Hold Bitcoin to hedge against the increasing Global economic risks.
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