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FameEX Morning Crypto News Recap | December 22, 2023
2023-12-22 12:17:06
Veteran Trader Peter Brandt Downplays Bitcoin Halving Buzz, Labels It 'Unwarranted Excitement'
Seasoned financial analyst and trader Peter Brandt, on December 21, 2023, expressed skepticism about the upcoming Bitcoin reward halving in April 2024. He believes the event is excessively hyped and maintains that its impact on Bitcoin's price will be transient, questioning the prevailing enthusiasm in the cryptocurrency community.
Economist Harry Dent Predicts a Catastrophic Market Downturn in 2024, Exceeding the Scale of the Great Depression In an interview with Fox News, distinguished economist Harry Dent forecasted a catastrophic financial downturn in 2024, possibly surpassing any in modern times. He cited overvalued markets, excessive stimulus spending, and inflated asset prices as key factors. Dent, recognized for his contrarian yet frequently precise predictions, has his bleak projection regarded with significance in financial communities. El Salvador Approves New Law to Provide Citizenship to Investors in Bitcoin El Salvador's Congress recently approved a migration law that accelerates citizenship for foreigners through Bitcoin (BTC) donations, intended for the nation's social and economic development. This move, poised to boost cryptocurrency investment, is a notable development in El Salvador's progressive adoption of digital currency and is expected to be implemented shortly. Foreign Minister of Argentina Declares Bitcoin as a Valid Settlement Option for Contracts Diana Mondino announced on December 21 via X (formerly Twitter) that Argentina's latest government decree permits Bitcoin (BTC) and other cryptocurrencies in certain scenarios. This declaration is a key part of the country's economic reform and deregulation efforts, marking a pivotal change in Argentina's stance on digital currency usage. As 2023 Concludes, Ripple Substantially Liquidates Its Unlocked XRP Reserves Towards the end of 2023, Ripple, a key player in XRP distribution, began offloading a significant amount of its unlocked XRP reserves. This decision has ignited discussions within the XRP community, raising doubts about Ripple's future commitment to the cryptocurrency and its implications for XRP's availability and value in the market. Reports Indicate SEC Engaged in Talks with Spot Bitcoin ETF Applicants According to Fox Business' Charles Gasparino, the US Securities and Exchange Commission (SEC) recently held an uncommon joint conference call with those filing for spot Bitcoin ETFs. Gasparino highlighted the rarity of such a collective discussion, noting that this is a developing story and indicating ongoing developments in the situation. Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.
