As finance charge in bitcoin (BTC-USD) and Ethereum (ETH-USD) investing grows, so do complications surrounding cryptocurrency’s regulation. Pomp Investments Founder Anthony Pompliano joins Catalysts to give insight into the regulatory environment for stablecoins and what investors should consider when investing in these digital resources.
Pompliano explains how crypto is generating a global game of competition: “An interesting data point is that the stablecoin issuers are now, I believe, one of the top 17 buyers of US treasuries. So when you look at that, you say, okay, well, it used to be that China and Japan bought 22% of all US treasuries. Well, we’ve got a pretty big federal debt, right. We’re issuing a lot of debt. And so obviously we need people to buy that stuff. China and Japan went from 22%. Now they’re only 7%. So if they’re going to stop buying or at least buy less of these securities, who is going to be the new buyer? Well, stablecoins have actually showed up. And so my prediction is that the stablecoin issuers collectively will end up being kind of top ten US Treasury buyers in the world.”
#youtube #bitcoin #crypto
About Yahoo money management:
Yahoo money management provides free stock ticker data, up-to-date news, collection of investments management resources, comprehensive sector data, advanced tools, and more information to help you manage your financial life.
– Get the latest news and data at money management.yahoo.com
– Download the Yahoo money management app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO)
– Follow Yahoo money management on social:
X: http://twitter.com/YahooFinance
Instagram: https://www.instagram.com/yahoofinance/?hl=en
TikTok: https://www.tiktok.com/@yahoofinance?lang=en
Facebook: https://www.facebook.com/yahoofinance/
LinkedIn: https://www.linkedin.com/firm/yahoo-money management
Disclaimer:
If you own the YouTube channel related to this video and do not want it to be featured here, you can contact us through our contact page. We will gladly remove it without questioning your reasons.