Bitcoin is benefitting from, among other factors, a weaker US dollar following the weekend.
Moody's downgrade:
Bessent isn't concerned. Given he oversees issuing US Treasuries, he probably should be. Downgrades will not lower the cost of debt!
"If we go back to your initial question on the Moody’s downgrade, who cares? Qatar doesn’t. Saudi doesn’t. UAE doesn’t”Gold is higher too. Also EUR, JPY, AUD, NZD, CAD, GBP ... the list goes on.
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