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Election Looms, World Goes Insane: Billionaires Betting Everything on Cryptocurrency Coup

A chaotic cityscape at dusk with people frantically scrolling through phones and laptops amidst skyscrapers displaying stock market screens flashing 'Bonds' and '$Bitcoin'. A giant Bitcoin logo looms large over the chaos while a subtle American flag waves faintly in the background, symbolizing conflicting global sentiments. The illustration is rendered in bold comic book lines and vibrant colors to convey the sense of unease and uncertainty.

Election Season Crypto Frenzy.

Source: bitcoin.com

As the 2024 U.S. election approaches, investors are channeling hefty sums into bonds and bitcoin, signaling a clear shift in asset preferences, CNBC reports, citing Bank of America credit strategist Yuri Seliger. According to the CNBC report, Yuri Seliger noted a substantial increase in bond purchases this past week, with investments surpassing $6 billion in “high-grade” bonds—the highest level in two months. He added that high-yield credit funds are also […]

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