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The chief executive of financial advisory giant deVere Group says that the adoption of one particular asset class will increase demand for both Bitcoin (BTC) and Ethereum (ETH). In a new video update, deVere Group CEO Nigel Green tells his 115,000 YouTube subscribers that stablecoins, or fiat-pegged digital assets, could save the US economy and reinvigorate demand for the top two crypto assets by market cap. According to Green, stablecoins can help keep US interest rates lower, boosting money circulation in the economy. “Stablecoins are virtually instant – in other words, it means you can transfer inexpensively and very quickly. It’s good for banks, it’s good for individuals. Really, it’s a revolution.” The executive goes on to say that if the US can successfully create policies that boost dollar-pegged stablecoins, it would increase the rate at which people are buying US Treasury bills with fixed rates, which would drive down intere...

As the US economy shows signs of degradation with rising US debt metrics in the mix, the US dollar is bearing the implications of it all. The USD is now being dubbed a currency slowly inching towards its demise. With countries ready to gnaw at the US dollar’s reserve currency status, the American currency is now scouring in a volatile arena, with its competitors closing in hard and fast.  Despite the plummeting data numbers and metrics, financial giant Morgan Stanley has backed the US dollar. The institution’s financial strategists are of the view that the USD is hard to outpace. The experts have stressed how the USD’s so-called “alternatives” will never get ahead of it, irrespective of changing economic narratives.  Also Read: Inflating US Debt Metrics Will Not Affect the Dollar, Expert Opines Cryptocurrency Will Never Replace The US Dollar Source: WatcherGuru With Bitcoin touching new price highs, the discussions surrounding BTC replacing ...

The U.S. is winning the economic war by a larger margin despite facing stiff competition from leading global economies. The wide margin puts the U.S. economy on a winning track in the months leading up to the presidential elections. The U.S. experienced the top most growth in terms of GDP compared to its G7 Western counterparts. Also Read: BRICS Control 47% of Global Oil, U.S. Owns Just 2.1% Below is the U.S. economy’s growth against the leading G7 economies. Source: IMF / Axios The charts show the U.S. economy taking the lion’s share of the GDP in 2023. The U.S. economy grew by 2.5% last year outperforming other leading countries by a bigger margin. The second in line is Japan, which grew by 1.9% in 2023. Canada comes a distant third at 1.1% growth while France stood at a 0.8% rise in its GDP. In addition, Italy, the United Kingdom, and Germany took the fifth, sixth, and seventh spots at 0.7%, 0.5%, and 0.3%, respectively. U.S. Economy 2024 Growth Projection ...