News Block: Powell Says U.S. on 'Unsustainable Path,' Investors Sound Alarm on CRE, EIA Declares Bitcoin Mining an “Emergency,” Pro-Bitcoin President Nayib Bukele Re-Elected in El Salvador

Feb 6, 2024

In this week's episode of the Coin Stories News Block powered by Bitdeer (NASDAQ: BTDR), we cover the major headlines related to Bitcoin and global finance:

• Powell Says U.S. on an Unsustainable Fiscal Path
• Takeaway from Powell's 60 Minutes Interview: U.S. Needs its Money Printer
• Investors Sounding the Alarm on Commerical Real Estate
• EIA Declares “Emergency Survey” Around Bitcoin Mining 
• Bukele Wins Second Re-Election in Landslide Victory

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References mentioned in the episode: 

• Full Transcript of Jerome Powell on 60 Minutes
• House Budget Committee is Sounding the Alarm 
• Barry Sternlicht Warns of Existential Crisis in CRE
• Regional Banks Exposure to CRE Around 30%
• Report on the Great Bank Consolidation Since 1980s
• Top 5 Banks Hold More Than 50% of Bank Assets
• US Government Seems to be Closing in on Mining
• EIA Announces Emergency Survey on Bitcoin Miners 
• TBC President Lee Bratcher Tweets on EIA Survey 
• El Salvador President Bukele Wins Re-Election
• Bukele Wins 87% of the Vote in Re-Election  

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The News Block is powered exclusively by Bitdeer Technologies Group (NASDAQ: BTDR), a publicly-traded leader in Bitcoin mining that stands alone as the only vertically-integrated, technology-focused Bitcoin mining company. Learn more at www.bitdeer.com. 

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This podcast is for educational purposes and should not be construed as official investment advice.

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