Not What We Needed For Crypto
Update: 2024-06-19
Description
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Not What We Needed For Crypto
In this episode, we will cover:
- Inflation cooling to 0% month-over-month in May 2024 and its impact on future Fed decisions.
- The Fed's hawkish stance despite falling inflation rates and the data suggesting an eventual dovish turn.
- High consumer sentiment, increasing layoffs, and their effects on the economy.
- Growing U.S. debt and budget deficit implications for future government spending and taxes.
- Significant outflows from digital assets, especially Bitcoin ETFs, in response to Fed comments.
- Elon Musk's recent Tesla pay package win and the future outlook for Tesla, including the RoboTaxi unveil event.
- Investing in assets that hold value and Tesla's future innovations boosts its market cap.
- The connection between inflation and mass layoffs, and the outlook for AI-focused companies like Iris Energy.
- The importance of committing to long-term investment strategies and offering annual subscriptions instead of monthly ones.
CONTACT US
salam@practicalislamicfinance.com
ABOUT OUR PODCAST
Our podcast is about helping people ethically build wealth. We cover a broad range of topics including stock and crypto investing, product reviews, and general financial well-being.
DISCLAIMER
Anything you hear in this video is an opinion. It is not personalized financial advice. Make sure you do your due diligence before making any investment decisions.
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