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Podcast: Bulls, Bears & Blockchain
Episode: EP#049 | Unraveling Market Dynamics: US Credit Downgrade, Yen Carry Trade, and Bitcoin Seizure
Description: This episode of our show delves into the implications of Fitch's recent downgrade of the US credit rating and its potential market repercussions. Our panel discusses the recent S&P 500 slump and the contributing factors, including the US Treasuries' announced sale and the spike in the 10-year Treasury yield. We also explore the potential effects of the yen carry trade and the unwinding of speculative, riskier asset purchases in the equity market. The episode touches on the news of a couple's arrest for hacking and stealing 100,000 Bitcoin in 2016 and the possible impact of the US government selling the confiscated...