TheDailyHodl

Former BlackRock fund manager Edward Dowd warns of an impending US economic downturn, citing housing crisis, AI bubble burst, and market meltdown. Dowd predicts a recession, potential 50% stock market drop, and advises cash, T-bills, bonds, and gold for protection.

Economist Alex Krüger predicts Bitcoin could reach $120,000 in June due to $5 billion distribution to FTX creditors. However, trader Justin Bennett forecasts a drop below $100,000 with a short position at $111,269. Bitcoin currently trades at $107,435.

Billionaire Stanley Druckenmiller has invested over $1 billion in tech and healthcare stocks like Natera Inc., Teva Pharmaceutical Industries, and Coupang Inc., making up 33% of Duquesne's portfolio. The firm also decreased stakes in other companies in Q1 2025.

Real Vision founder Raoul Pal predicts Bitcoin to increase by 28% based on global money supply data. Pal anticipates Bitcoin will outperform as FOMO sets in. Bitcoin is currently priced at $109,350.

President Trump has proposed new tariffs on the EU and Apple, leading to a downturn in the US stock market. The tariffs are aimed at addressing trade imbalances and relocation of manufacturing.

Wells Fargo economists predict Trump's tariffs won't bring back many US manufacturing jobs soon due to cost hurdles. Reshoring jobs would need substantial capital investment over years. Population changes could also affect job growth.

Cryptocurrency analyst Benjamin Cowen warns of a potential pullback in Bitcoin as it approaches a golden cross pattern, suggesting a 10-15% drop could occur after the rally. This reflects historical trends of corrections following similar patterns.

Top US banks JPMorgan Chase, Bank of America, Citibank, and Wells Fargo experienced a significant $681.71 billion asset growth in Q1, a stark contrast to the previous quarter's contraction. Moody's downgraded their deposit ratings due to a weakened government support ability.

Bitcoin is predicted to rise further by a well-known analyst, Credible Crypto. He suggests that Bitcoin is in the final phase of a bullish cycle, hinting at a potential exponential rise.

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In recent months, AI (artificial intelligence) workloads have gone from theoretical benchmarks to real-time economic pressure on global infrastructure.
From language models serving millions of queries per hour to diffusion models requiring vast GPU clusters for in

Brazil's central bank predicts the US dollar will remain dominant for the next decade, believing the BRICS group won't create markets large enough to challenge it. Despite potential alternative settlement tools, the US currency is likely to maintain its stronghold.

Ray Dalio advises against the Federal Reserve cutting interest rates amid political pressure. He warns that aggressive easing could harm the bond market. Dalio suggests watching the yield curve for indicators of market movements.

Financial services firm Strive, co-founded by Vivek Ramaswamy, partners with 117 Castell Advisory Group LLC to acquire discounted Bitcoin holdings, focusing on Mt. Gox claims. Their goal is to outperform Bitcoin in the long term.

Atlanta man arrested for alleged involvement in COVID-19 relief loan fraud scheme, charged with multiple counts of fraud and money laundering.

Moody's downgraded deposit ratings of top US lenders after lowering the nation's credit rating due to soaring national debt and limited budget flexibility.

May 21st, 2025 – VILNIUS, Lithuania
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> BTCC, one of the world’s longest-serving cryptocurrency exchanges, today announces the appointment of Dan Liu as its new Chief Executive Officer.
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Liu, who previously served as Chief Research Officer at BTCC, brings extensive expertise i