🔥Brief weekly recap:  

🔹According to Larry Fink, Blackrock CEO, the US is already in recession (US has over $36.6 trillion in debt). The main problem is inflation and the difficulty of the FED to cut rates. CPI for April still sees inflation falling to 2.4%.  

🔹According to Grayscale, an economic crisis could favor $BTC (what happened in 2020/2021 with Covid19) by attracting central banks as an alternative reserve.

🔹Donald Trump has suspended tariffs for 90 days (minimum tariffs at 10%), excluding China. The biggest risk of rates is stagflation: high inflation with low economic growth. This decreases consumers' spending possibilities and makes it difficult to cut rates. Tariffs and their contribution towards stagflation could favor “scarce commodities” while trade war may put pressure on demand for the U.S. dollar, potentially supporting Bitcoin adoption.

🔹Rickard Nordin, a Swedish MP, has proposed to Finance Minister Elisabeth Svantesson to invite the government to adopt BTC as a national reserve. Again, for the time being, accumulation is from BTC seized as a result of crimes. Some time ago, the governor of the Czech National Bank also proposed the adoption of BTC as a reserve instrument.