PRESIDENT TRUMP SAYS ANYONE WHO DISAGRES OF HIM WILL NEVER BE FED CHAIRMAN
🔸 President Trump stated that U.S. economic data is very strong, with GDP growth far exceeding expectations, even after the recent government shutdown.
🔸 He argued that modern markets are reacting incorrectly, with good economic news causing markets to stagnate or decline due to fears of rising interest rates.
🔸 President Trump criticized the notion that strong markets automatically cause inflation, saying that inflation stems from poor policy, not from growth.
🔸 He wants the Fed to lower interest rates while the market is strong and inflation can be dealt with later if needed, but he believes growth should not be stifled too soon.
🔸 He wants a Fed Chairman who supports market growth and economic momentum.
P.S. The US President has the full authority to nominate the next Fed Chairman. The Senate only has the power to approve or reject the nomination through an advisory and approval process, and cannot unilaterally choose or appoint someone else. If rejected, the President can nominate a new candidate. #NewsAboutCrypto $BTC $XRP
INTERNATIONAL MONETARY FUND UPDATE ON EL SALVADOR AND BITCOIN
🔸 The International Monetary Fund (IMF) confirms that discussions regarding Bitcoin with El Salvador are ongoing.
🔸 El Salvador's economy is growing better than expected thanks to improved confidence, high remittances, and strong investment.
🔸 GDP this year is projected at around 4%, with a positive outlook for next year.
🔸 The government continues to control the budget and reduce the deficit.
🔸 The IMF emphasizes the need for transparent Bitcoin management, protection of public funds, and risk reduction.
THE IMF'S CHANGE IN PERSPECTIVE ON BITCOIN
🔸 In 2021, the IMF warned that Bitcoin posed a significant risk when used as legal tender in El Salvador.
🔸 More recently, the IMF has acknowledged that Bitcoin is being used as a necessary financial tool in countries with high inflation or tight capital controls.
🔸 While the IMF does not endorse Bitcoin, it recognizes that the digital asset is growing rapidly and cannot be ignored.
🔸 From 2025, the IMF will classify Bitcoin as an asset similar to gold in national statistics, not legal tender. #NewsAboutCrypto #ElSalvador $BTC