1h ago
Steve Hanke Warns U.S. Is "Functionally Insolvent", Cites $6T Assets vs $136T Liabilities
Johns Hopkins economist Steve Hanke said in a recent interview that the U.S. is losing leverage in the Iran conflict and is "functionally insolvent." He pointed to a sharp drop in Strait of Hormuz throughput, claimed the Iranian rial has risen 6% since the war began, and cited federal figures showing about $6 trillion in assets versus roughly $48 trillion in on-balance-sheet liabilities and around $136 trillion including Social Security and Medicare.
BTC
BTC-0.69%
1h ago
1h ago
Tom Lee Cites $56B Bitcoin ETF Inflows, Argues BTC Is a Better Hedge Than Gold
Since the rollout of Bitcoin exchange-traded funds, about $56 billion has entered BTC-focused products, a shift Bitmine CEO Tom Lee says is reshaping how large investors think about preserving wealth. At the Futu Investment Exhibition, Lee challenged gold’s inflation-hedge reputation and said historical data shows gold has lagged inflation roughly 48% of the time over the past 55 years.
BTC
BTC-0.69%
1h ago
1h ago
Saylor Highlights STRC “Safe Haven” as Bitcoin Tries to Hold $67,000 Weekly Close
Bitcoin remained volatile heading into the weekly close, trading around $66,500 after falling more than 8.5% over the past two weeks and attempting to reclaim $67,000. Michael Saylor promoted Strategy's perpetual preferred shares STRC (Stretch), saying its 30-day volatility was 2% while offering an 11.5% annual dividend yield since March 2026. He also said STRC is being used as a key funding route to buy BTC during pullbacks, with a longer-term goal of reaching 1 million BTC.
BTC
BTC-0.69%
1h ago
3h ago
2-year US Treasury auction weakens as $69B sale clears at 3.936% yield
A soft outcome in Tuesday's 2-year US Treasury auction suggested investors are growing less comfortable with the outlook as oil rises and inflation worries resurface. The Treasury sold $69 billion of 2-year notes at a 3.936% high yield, while the bid-to-cover ratio slipped to 2.44 from 2.63 in February. The results were read as a sign markets may be dialing back expectations for near-term Federal Reserve rate cuts.
BTC
BTC-0.69%
3h ago