[URGENT] You Know Who Buying Bitcoin?

You Know Who Is Speaking At The Bitcoin Convention, ETH Spot ETF Is Live, Housing Inventory Is Up, J Powell May Lower Rates Soon and The Biden Admin Screws Over The Military...

The Daily Ninja 7/23/24

Updates From The Economic Ninja

(7/23/2024)

  • πŸ“ˆ The launch of an Ethereum ETF could bring massive amounts of institutional money into the sector, similar to what happened with Bitcoin's ETF in January.

  • πŸ“‰ The approval of spot Ethereum ETFs by the US Securities and Exchange Commission marks a significant milestone in the cryptocurrency market, despite previous doubts.

  • πŸ“ˆ Learning how to make money in cryptocurrency and reduce risk is extremely important in today's market.

  • πŸ“ˆ Eight issuers are set to debut their ETFs for institutional investors and retail traders, including grayscale Ethereum and Franklin Ethereum.

  • πŸ’° Ripple CTO believes a higher price for XRP, such as a million dollars, is more practical for payments due to enhanced liquidity and cost-effectiveness for large transactions.

  • 🌐 Government oversight will eventually limit the number of exchanges, potentially impacting the crypto market.

  • πŸ’° As the price of XRP goes up, the cost of transactions will not, making it a more efficient option for sending money.

  • πŸ“ˆ "I do actually in the next 10 years. I would not be surprised if we saw a $10,000 xrp. Price simply based off of the amount of adoption that could happen with xrp."

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(7/23/2024)

  • πŸ“‰ Lawrence Young, the chief Economist for the National Association of Realtors, is about to destroy millions of people's net worth again.

  • 🏠 The data has been manipulated by the Federal Reserve and others, and the truth about the housing market will soon come out.

  • 🏠 Lawrence Young's misleading housing predictions have been criticized in the past, raising doubts about his credibility as a Chief Economist for the Realtors.

  • πŸ“‰ Home price drops can trigger a recession and change consumer spending habits, causing fear and worry.

  • 🏠 "The month's supply of inventory reached its highest level in more than four years that means that you are in a buyer's market not a sell's market."

  • πŸ€” The Ninja expresses disgust at the unethical behavior of Lawrence Young, the Chief Economist, and speculates on the possibility of him becoming the CEO and receiving a significant raise.

(7/23/2024)

  • πŸ“‰ Inflation is still getting worse regardless of what the government's telling you.

  • 🀯 Content creators are being warned not to mention certain names or their videos will be shut down, raising concerns about censorship and freedom of speech.

  • πŸ“‰ Jerome Powell's decision to lower rates may lead to explosive inflation on the high side, followed by corrective measures to raise rates to normal levels.

  • πŸ€” The Ninja believes that the FED and the government lie about economic indicators, raising questions about the accuracy of official data.

  • πŸ“‰ The Richmond fed manufacturing survey crashed to -17, the worst since the peak of the covid lockdowns.

(7/23/2024)

  • πŸ’° The Department of Defense is giving troops an economic hardship bonus of only $20 per month, which is a mere amount for those putting their lives at risk defending our country.

  • 😑 $84,000 per military member has been spent on a war that has nothing to do with us.

  • πŸ’° The disparity between military spending and officer pay is absolutely disgusting, with the government spending enough to give every service member an $84,000 bonus in the last year and a half.

  • 😑 "Junior enlisted service members and service members supporting large families struggle to afford housing and feed their families well."

Keep your head up and crush it!

-Ninja Out

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