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@OldMenNewMoneyOur Big Call: The GENIUS Act Will Ignite a $2–4 Trillion Stablecoin Boom and Send Bitcoin to $400K–$600K https://t.co/5AFRlMMOH4
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U.S. Senate Advances GENIUS Act to Regulate Stablecoins, Sparking $2–4 Trillion Boom and Bitcoin Rally to $175K–$600K
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The U.S. Senate is advancing the GENIUS Act, a bill aimed at regulating stablecoins, which has sparked a rally in Bitcoin prices. Analysts suggest that the passage of the GENIUS Act could lead to a substantial increase in stablecoin issuance, potentially triggering an explosion in money printing to meet new USD stablecoin demand. This scenario is expected to increase demand for U.S.
Treasuries while simultaneously causing a debasement of the U.S. dollar. Market experts predict that these developments could drive Bitcoin prices significantly higher, with forecasts ranging from $175,000 to as high as $600,000. The GENIUS Act is seen as a catalyst for a $2 trillion to $4 trillion boom in stablecoins, which would have a major impact on the cryptocurrency market.
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