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FameEX Morning Crypto News Recap | October 23, 2023
2023-10-23 12:19:45
Robert Kiyosaki Predicts Bitcoin's Rise to $135,000 and Anticipates Gold's Imminent Surge
Renowned author Robert Kiyosaki predicts Bitcoin's price will reach $135,000 and anticipates significant growth in gold, with a potential value of $3,700 in the near term. Kiyosaki also cautions against holding U.S. dollars, which he refers to as "fake money," suggesting potential trouble for savers of the currency.
Morgan Stanley Suggests Crypto Winter's End, Sees Crypto Spring on the Horizon
Morgan Stanley, a global investment bank, suggests that the era of "crypto winter" may be over, with "crypto spring" on the horizon. According to an analyst at the bank, Bitcoin historically experiences significant gains following its halving events, which occur approximately every four years.
Bank of America CEO Talks About Economic Downturn and Potential Interest Rate Cuts by the Fed
Bank of America CEO Brian Moynihan foresees a U.S. economic slowdown around the middle of next year. He additionally mentioned that based on the bank's research, the Federal Reserve is likely to commence interest rate reductions in the middle to latter part of the following year.
Economist Peter Schiff Alerts to Impending Severe Recession, Inflationary Depression, and US Dollar Demand Collapse Economist Peter Schiff issues a warning of an impending inflationary depression, attributing it to prolonged high inflation rates and a significant recession. He predicts that the growing national debt and budget deficits will ultimately result in decreased demand for the US dollar. Schiff also anticipates that as the dollar weakens, Treasury yields will experience a rapid increase. NFT Sales Surge 12.62% Above Last Week, Ending Two-Month Decline Data for the week of October 14-21, 2023, indicates a notable 12.62% increase in non-fungible token (NFT) sales compared to the previous week. Increased activity was observed from both buyers and sellers, with a 15% rise in buyers and a 17% increase in sellers, leading to a total of approximately $70.51 million in NFT transactions. Bank of Russia Foresees Digital Ruble Coexisting 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 Forms AI Advisory Committee to Develop National Strategy Greek Prime Minister Kyriakos Mitsotakis has revealed the formation of an advisory committee tasked with devising a national strategy for artificial intelligence (AI) in Greece. The government cited the rapid advancement of AI as the driving force behind the committee's establishment. The primary aim is to ensure Greece is prepared for the evolving landscape of AI technology and its applications. Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.
