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- Page 22
Elon Musk: America is Headed for Bankruptcy
Tesla CEO Elon Musk has once again voiced his concerns about U.S. government spending, warning that rising national debt could lead to bankruptcy. Highlighting a $204 billion increase in debt in just one day, Musk emphasized the unsustainable path of federal spending, driven by interest payments that now surpass the defense budget.
Bitcoin ETFs See Largest Outflow in a Month Amid Middle East Tensions
Bitcoin ETFs experienced their largest outflow in nearly a month, with $242.6 million exiting on Oct. 1. The shift follows rising tensions in the Middle East, causing market uncertainty. This outflow comes after eight consecutive days of inflows totaling $1.4 billion.
Bitcoin Eyes New All-Time High as Price Bounces Back to $64K
Bitcoin has bounced back to $64,000 following a 7.3% gain in September, marking the best-ever performance for the month. Traders are confident that dips in BTC price offer strong buying opportunities, signaling more upside potential in the near term.
MicroStrategy Buys $1.026B More Bitcoin as Tesla and Other Companies Follow Suit
MicroStrategy has purchased an additional 19,452 Bitcoin, worth $1.026 billion, pushing its total Bitcoin holdings to 90,500. This trend of corporate Bitcoin accumulation is growing, with companies like Tesla also increasing their positions.
Michael Saylor Backs BlackRock’s Ultra-Bullish Bitcoin Outlook
Michael Saylor, cofounder of MicroStrategy, endorsed BlackRock’s recent bullish comments on Bitcoin. BlackRock’s head of digital assets, Robbie Mitchnick, described Bitcoin as a global, decentralized, and non-sovereign asset, gaining popularity amid economic uncertainties.
SEC Approves Bitcoin Options on BlackRock ETF: Market Reacts
The SEC has approved options on BlackRock’s Bitcoin ETF, potentially triggering new Bitcoin-related ETF filings and risk management strategies. An updated custodial agreement between BlackRock and Coinbase ensures faster withdrawals, enhancing trust among institutional investors.
