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The Bond Market Wrecking Ball Shocks Markets | Round Up

Inflection Point

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The Effects of US Tax Receipts on Bitcoin

US tax receipts just plunged to the lowest level ever. And that is bad, right? Because if you're spending too much and you're not bringing in enough revenue, what happens? Well, what Fitch says, in theory, you could default now they're not going to default because that would be disastrous. But I think it means a lot of things for global currencies that I think are going to continue to weaken. Therefore, it actually has implications for Bitcoin, which remember Bitcoin doesn't change when Bitcoin is when Bitcoin is just the price that we price it in changes.

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