DeFI News by Thebittimes.Com

The Philippines is the latest country to explore the creation of a strategic Bitcoin reserve. The bill was introduced by Congressman Migz Villafuerte. According to reports, the bill will allow the Philippine central bank, Bangko Sentral ng Pilipinas (BSP), to purchase 2000 Bitcoin (BTC) annually over five years. The central bank will hold the asset for 20 years. The BTC reserve will increase national security and help tackle the country’s debt. The bill has been introduced in the House and is yet to be debated on and passed. More Bitcoin Adoption Worldwide? Source: Watcher.Guru More and more nations are becoming open to creating a Bitcoin reserve for national and financial security. President Trump made it a mission to strengthen the US digital asset industry. Trump signed an executive order within weeks of entering office to create a digital asset reserve for the US. The Philippines is the latest country in an ever-growing list to consider creating a strategic Bitcoin reserve. Bi...

The US dollar future faces unprecedented challenges right now, and many investors are actually wondering why is the dollar falling today. The greenback has dropped about 15% since September 2022, and experts are warning that this decline might signal a bigger structural change in how the world’s monetary system works. Current market conditions suggest the US dollar future may be entering what analysts describe as a “longer-term bear market” that’s being driven by erratic policymaking and also accelerating de-dollarization efforts worldwide. Also Read: China’s BRICS Play: Fuels De-dollarization & Russian Oil to Defy US JPMorgan Outlook, Falling Dollar, And De-Dollarization Risk For More Countries Source: PYMNTS.com Policy Shock Undermines Dollar Confidence The US dollar future turned sharply negative following Trump’s “Liberation Day” tariff announcement on April 2nd, which actually triggered an immediate 10% currency decline. This policy shock b...

Morgan Stanley’s US dollar forecast is actually showing some pretty concerning signs for 2025 and beyond, with analysts predicting the greenback could lose up to 9% of its value over the next twelve months. Right now, this Morgan Stanley US dollar forecast suggests the currency might drop to levels we haven’t seen since the Covid-19 pandemic hit. The latest Morgan Stanley US dollar forecast points to turbulence ahead, but the bank isn’t calling for a complete collapse of the dollar’s dominance. Also Read: 3 MAGA Moves That Could Save the US Dollar’s Future Why Morgan Stanley Is Bearish And What It Means For The Dollar Source: Watcher.Guru Rate Cuts Are Being Expected to Drive Dollar Weakness Morgan Stanley is bearish on the US dollar mainly because of what the Federal Reserve is expected to do with interest rates. The bank thinks we’re going to see around 175 basis points of rate cuts. That typically makes currencies weaker since investors can’t earn ...