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FameEX Morning Crypto News Recap | October 23, 2023
2023-10-23 12:15:40
Robert Kiyosaki Forecasts Bitcoin's Ascent to $135,000 and Foresees Gold's Upcoming Surge
Renowned author Robert Kiyosaki foresees Bitcoin's price surging to $135,000 and expects significant growth in gold, potentially reaching $3,700 soon. Kiyosaki also warns against holding U.S. dollars, referring to them as "fake money," and suggests potential difficulties for those saving in the currency.
Morgan Stanley Anticipates the End of Crypto Winter and the Arrival of Crypto Spring
Global investment bank Morgan Stanley believes that the period known as "crypto winter" may be behind us, and there are indications of a "crypto spring" approaching. Their analysis is based on historical patterns, where Bitcoin typically sees substantial price increases following its halving events, which happen roughly every four years.
Bank of America CEO Discusses Economic Slowdown and Possible Fed Interest Rate Reductions
Bank of America CEO Brian Moynihan anticipates a U.S. economic slowdown in the middle of the next year. He also noted that, according to the bank's research, the Federal Reserve is expected to start reducing interest rates from the middle to the latter part of the following year.
Economist Peter Schiff Raises Alarm Over Imminent Severe Recession, Inflationary Depression, and Decline in US Dollar Demand Economist Peter Schiff has sounded the alarm about an approaching inflationary depression, fueled by persistent high inflation and a severe recession. He points to escalating national debt and budget deficits as factors that could lead to a reduced demand for the US dollar. Schiff also anticipates that a weakening dollar will trigger a rapid increase in Treasury yields. NFT Sales Rebound, Surging 12.62% Higher Than Last Week, Ending Two-Month Downturn During the week of October 14-21, 2023, NFT sales surged by 12.62% compared to the previous week. This uptrend saw increased participation from both buyers and sellers, with a 15% rise in buyers and a 17% increase in sellers. The total NFT transaction volume for the week reached approximately $70.51 million. Bank of Russia Envisions Digital Ruble in Harmony with Traditional Payment Methods The Bank of Russia envisions a scenario where the digital ruble harmoniously coexists alongside conventional payment methods. This perspective reflects the central bank's approach to integrating digital currency into the existing financial landscape, allowing it to complement, rather than replace, traditional payment systems. Greece Establishes AI Advisory Committee for National Strategy Development Greek Prime Minister Kyriakos Mitsotakis has announced the creation of an advisory committee responsible for crafting a national artificial intelligence (AI) strategy for Greece. Recognizing the rapid pace of AI development, the government initiated the committee's formation under the prime minister's purview. The committee's central objective is to ready Greece for the advancements and applications of AI technology. Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.
