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    NFA E21: US Election, Debt Ceiling & Impact on Crypto?!



    NFA: Not Financial Advice Episode 21 💥

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    – TIMESTAMPS –

    0:00 Intro
    2:06 The US primaries are upon us. Who do you think will be best for crypto? How likely are they to be elected? Are Biden/Trump missing a key demographic by attacking crypto?
    17:47 Let’s talk debt deal. It seems as if both parties hated the deal. It will allow the US to continue borrowing and avoid financial calamity. On the other hand, trillions of spending can just continue unchecked. How much is “too much”? Where do you stand on the national debt discussion?
    27:08 Hypothetical scenario: the US outlaws crypto entirely. The only way that you can continue doing what you are doing now is to leave the country. Do you stay or do you leave? Assuming the latter, where would you go?
    32:54 What impact could the geopolitical situation have on the crypto market and the markets in general?
    54:45 Questions & Comments

    ~~

    📜 Disclaimer 📜

    The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.

    #crypto #nfa #cryptonews

    View 16 Comments

    16 Comments

    1. A B on

      Rob mentioned that Bitcoin is not good for the USD, but I would challenge that. Despite the US’ hostility towards Bitcoin, Tether/other USD stable coins and, by extension, the USD, is the de facto reserve currency for Bitcoin. The higher the market cap for Tether, the more USD dollars, notes, bills, and bonds Tether has to buy, and that strengthens the USD as a reserve currency into the crypto future. So, as long as the US doesn’t blow it (e.g. by defaulting or killing crypto in the US), they may actually get another 100 years out of the reserve currency status. Thoughts?

    3. C West Coast on

      Didn't come up in my feed since you are not using your normal channel. Thanks to the link on Rob's channel or I would have missed this one.

    12. Nick Biddle on

      This show is so boring. I try to watch to broaden my approach, but you all just seem so disinterested. Literally, the only interesting thing was when Guy's video dropped out.

    14. mm ix on

      WWII occurred just about 80 years ago. Look at the US military presence across the planet today. We are in a perpetual world war and have been for decades. WWII was just the beginning.

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