Part 11/14:
Notably, some prominent voices like Senator Elizabeth Warren have expressed skepticism, aligning with institutions like TRAFI that oppose Bitcoin’s proliferation—they view it as a threat to the traditional financial system. Nevertheless, the legal system’s intervention suggests a shifting tide toward broader acceptance.
Geopolitical and Macro Developments
Beyond U.S. regulatory dynamics, macroeconomic factors continue to influence markets:
Inflation persists, with the Consumer Price Index (CPI) rising ~3.4% annually, exerting pressure on fiat currencies.
Government deficits— notably in France and the U.S.—remain high, with interest payments reaching over $1.2 trillion, further fueling demand for alternative assets like Bitcoin.