A recent paper by the Federal Reserve Bank of Minneapolis suggests that assets like Bitcoin may need to be taxed or banned for governments to sustain ongoing budget deficits. The study, published on Oct. 17, argues that Bitcoin creates challenges for policy implementation in economies where governments rely on permanent deficits funded by nominal debt.
The report describes Bitcoin as contributing to a “balanced budget trap,” a situation where the government is forced to balance its budget. The researchers used Bitcoin as an example of a fixed-supply private asset that lacks real resource claims. To resolve this issue, they proposed banning or taxing Bitcoin, stating, “A legal prohibition against Bitcoin can restore unique implementation of permanent primary deficits, and so can a tax on Bitcoin.”
A primary deficit occurs when a government’s spending exceeds its revenue, excluding interest payments on debt. The term “permanent” implies that the government plans to continue spending more than it collects indefinitely. Currently, the U.S. national debt stands at $35.7 trillion, with the primary deficit— the annual gap between spending and revenue— around $1.8 trillion. Reuters reported on Oct. 19 that a 29% increase in interest costs for Treasury debt was the main contributor to this year’s deficit, the largest outside of the COVID-19 period.
Commenting on the paper, Matthew Sigel, head of digital asset research at VanEck, noted on Oct. 21 that the Minneapolis Fed has joined the European Central Bank in targeting Bitcoin, suggesting that the Fed “fantasizes about ‘legal prohibition’ and extra taxes on BTC to ensure govt debt remains the ‘only risk-free security.’”
Messari co-founder Dan McArdle highlighted a 1996 Minneapolis Fed paper titled “Money is Memory,” which interestingly made arguments aligned with Bitcoin’s characteristics, defining money as an object that does not “enter production,” has a “fixed supply,” and functions as a form of memory.
The European Central Bank (ECB) has also recently scrutinized Bitcoin. On Oct. 12, the ECB released a paper alleging that older Bitcoin holders profit at the expense of newer ones and suggested regulating or banning Bitcoin to prevent its price from rising. ECB adviser Jürgen Schaaf echoed these sentiments on Oct. 20, advocating for policies to curb Bitcoin’s growth or eliminate it entirely.
Trump’s Husky could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did.
Trump’s Husky (TRUMHUSK), a new Solana memecoin that was launched today, is set to explode over 15,000% in price in the coming days.
This is because TRUMHUSK is set to soon be listed on numerous crypto exchanges, according to reports.
This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up.
Currently, Trump’s Husky can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to make huge returns in the coming days.
Early investors in SHIB and DOGE made astronomical returns, and Trump’s Husky could become the next viral memecoin.
Trump’s Husky launched with over $9,000 of liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains.
To buy Trump’s Husky on Raydium.io or Jup.ag ahead of the CEX listings, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Trump’s Husky by entering its contract address – HTZ3sknWbgZRH5GLBfrcNjV8CHdwvnxCytjrDGzg2FRU – in the receiving field.
If you don’t have one of these wallets already, you can create a new wallet in a few minutes and transfer some Solana to it (which will then be used to buy the memecoin), from an exchange like Coinbase, Binance and many others.
In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like TRUMHUSK.
Such memecoins have no utility and no inherent value, but investors looking for high gains have been investing in them due to their potential to rapidly rise in price.
Pepe Gensler could turn early investors into multi-millionaires, like other memecoins, such as Shiba Inu (SHIB) and Dogecoin (DOGE), did.
Pepe Gensler (PEPEGENS), a Solana memecoin launched today, is set to explode over 14,000% in price in the coming days.
This is because PEPEGENS is set to soon be listed on numerous crypto exchanges, according to reports.
This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and cause its price to rally, which will benefit investors who buy before these new exchange listings.
Currently, Pepe Gensler can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to make huge returns in the coming days.
Early investors in SHIB and DOGE made astronomical returns, and Pepe Gensler could become the next viral memecoin.
Pepe Gensler launched with over $8,000 of liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains.
To buy Pepe Gensler on Raydium.io or Jup.ag ahead of the CEX listings, users need to connect their Solflare, MetaMask, or Phantom wallet, and swap Solana for Pepe Gensler by entering its contract address – 7HmMho4GfXf6Q33f4Yt9tAFFnMvf87zKTAHyn4SUtV9p – in the receiving field.
If you don’t have one of these wallets already, you can create a new wallet in a few minutes and transfer some Solana to it (which will then be used to buy the memecoin) from an exchange like Coinbase, Binance, and many others.
Early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE), and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE, and WIF investors are instead investing in new Solana memecoins, like PEPEGENS.
Such memecoins have no utility and no inherent value, but investors looking for high gains have been investing in them due to their potential to rapidly rise in price.
Goodbye Biden could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did.
Goodbye Biden (BYEBIDEN), a new Solana memecoin that was launched today, is set to explode over 19,000% in price in the coming days.
This is because BYEBIDEN is set to soon be listed on numerous crypto exchanges, according to reports.
This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up.
Currently, Goodbye Biden can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to make huge returns in the coming days.
Early investors in SHIB and DOGE made astronomical returns, and Goodbye Biden could become the next viral memecoin.
Goodbye Biden launched with over $9,000 of liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains.
To buy Goodbye Biden on Raydium.io or Jup.ag ahead of the CEX listings, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Goodbye Biden by entering its contract address – ArnkQEXgemJCkHanpffqRKA6X3hza6PJiVoDMekv6FR – in the receiving field.
If you don’t have one of these wallets already, you can create a new wallet in a few minutes and transfer some Solana to it (which will then be used to buy the memecoin), from an exchange like Coinbase, Binance and many others.
In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like BYEBIDEN.
Such memecoins have no utility and no inherent value, but investors looking for high gains have been investing in them due to their potential to rapidly rise in price.
Trump’s Husky could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did.
Trump’s Husky (TRUMHUSK), a new Solana memecoin that was launched today, is set to explode over 15,000% in price in the coming days.
This is because TRUMHUSK is set to soon be listed on numerous crypto exchanges, according to reports.
This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up.
Currently, Trump’s Husky can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to make huge returns in the coming days.
Early investors in SHIB and DOGE made astronomical returns, and Trump’s Husky could become the next viral memecoin.
Trump’s Husky launched with over $9,000 of liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains.
To buy Trump’s Husky on Raydium.io or Jup.ag ahead of the CEX listings, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Trump’s Husky by entering its contract address – HTZ3sknWbgZRH5GLBfrcNjV8CHdwvnxCytjrDGzg2FRU – in the receiving field.
If you don’t have one of these wallets already, you can create a new wallet in a few minutes and transfer some Solana to it (which will then be used to buy the memecoin), from an exchange like Coinbase, Binance and many others.
In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like TRUMHUSK.
Such memecoins have no utility and no inherent value, but investors looking for high gains have been investing in them due to their potential to rapidly rise in price.
Pepe Gensler could turn early investors into multi-millionaires, like other memecoins, such as Shiba Inu (SHIB) and Dogecoin (DOGE), did.
Pepe Gensler (PEPEGENS), a Solana memecoin launched today, is set to explode over 14,000% in price in the coming days.
This is because PEPEGENS is set to soon be listed on numerous crypto exchanges, according to reports.
This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and cause its price to rally, which will benefit investors who buy before these new exchange listings.
Currently, Pepe Gensler can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to make huge returns in the coming days.
Early investors in SHIB and DOGE made astronomical returns, and Pepe Gensler could become the next viral memecoin.
Pepe Gensler launched with over $8,000 of liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains.
To buy Pepe Gensler on Raydium.io or Jup.ag ahead of the CEX listings, users need to connect their Solflare, MetaMask, or Phantom wallet, and swap Solana for Pepe Gensler by entering its contract address – 7HmMho4GfXf6Q33f4Yt9tAFFnMvf87zKTAHyn4SUtV9p – in the receiving field.
If you don’t have one of these wallets already, you can create a new wallet in a few minutes and transfer some Solana to it (which will then be used to buy the memecoin) from an exchange like Coinbase, Binance, and many others.
Early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE), and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE, and WIF investors are instead investing in new Solana memecoins, like PEPEGENS.
Such memecoins have no utility and no inherent value, but investors looking for high gains have been investing in them due to their potential to rapidly rise in price.
Goodbye Biden could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did.
Goodbye Biden (BYEBIDEN), a new Solana memecoin that was launched today, is set to explode over 19,000% in price in the coming days.
This is because BYEBIDEN is set to soon be listed on numerous crypto exchanges, according to reports.
This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up.
Currently, Goodbye Biden can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to make huge returns in the coming days.
Early investors in SHIB and DOGE made astronomical returns, and Goodbye Biden could become the next viral memecoin.
Goodbye Biden launched with over $9,000 of liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains.
To buy Goodbye Biden on Raydium.io or Jup.ag ahead of the CEX listings, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Goodbye Biden by entering its contract address – ArnkQEXgemJCkHanpffqRKA6X3hza6PJiVoDMekv6FR – in the receiving field.
If you don’t have one of these wallets already, you can create a new wallet in a few minutes and transfer some Solana to it (which will then be used to buy the memecoin), from an exchange like Coinbase, Binance and many others.
In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like BYEBIDEN.
Such memecoins have no utility and no inherent value, but investors looking for high gains have been investing in them due to their potential to rapidly rise in price.
Trump’s Husky could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did.
Trump’s Husky (TRUMHUSK), a new Solana memecoin that was launched today, is set to explode over 15,000% in price in the coming days.
This is because TRUMHUSK is set to soon be listed on numerous crypto exchanges, according to reports.
This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up.
Currently, Trump’s Husky can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to make huge returns in the coming days.
Early investors in SHIB and DOGE made astronomical returns, and Trump’s Husky could become the next viral memecoin.
Trump’s Husky launched with over $9,000 of liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains.
To buy Trump’s Husky on Raydium.io or Jup.ag ahead of the CEX listings, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Trump’s Husky by entering its contract address – HTZ3sknWbgZRH5GLBfrcNjV8CHdwvnxCytjrDGzg2FRU – in the receiving field.
If you don’t have one of these wallets already, you can create a new wallet in a few minutes and transfer some Solana to it (which will then be used to buy the memecoin), from an exchange like Coinbase, Binance and many others.
In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like TRUMHUSK.
Such memecoins have no utility and no inherent value, but investors looking for high gains have been investing in them due to their potential to rapidly rise in price.
On Oct. 19, Bitcoin (BTC) hovered near a crucial breakout level after a “FOMO liquidity grab” saw it rejected at $69,000.
Data from Cointelegraph Markets Pro and TradingView indicated that BTC’s price action tightened following the last Wall Street trading session of the week.
On the previous day, BTC/USD reached new three-month highs, nearly touching $69,000 on Bitstamp before losing its sudden gains.
“Low volume + bear divs on this breakout,” popular trader Roman commented on X, adding, “Still think we come back down and consolidate before moving higher. This seems like a fomo liquidity grab before the real breakout.”
Data from CoinGlass showed thick liquidity barriers forming around the spot price, with significant sell orders capping Bitcoin’s upward movement.
Roman highlighted a key area of interest at $68,400, describing it as a breakout zone of significant importance since the March all-time high. “Everyone is watching 68.4k to break the macro range,” he stated.
Fellow trader and analyst Rekt Capital noted that while Bitcoin was attempting to push past the top of the resistance area, bulls needed to establish the zone above $68,000 as solid support.
“Bitcoin is once again pressing beyond the very top of the resistance area (red),” Rekt Capital explained, adding, “Bitcoin just needs one Daily Close beyond the red resistance to position itself for a confirmed breakout from here. Daily Close is essential to confirm lack of upside wicks beyond resistance.”
The Oct. 18 daily close finished slightly above $68,400, marking Bitcoin’s highest closing price since June 10.
Looking ahead, trading firm QCP Capital pointed to favorable macroeconomic trends for Bitcoin bulls, indicating positive momentum could continue.
Pepe Gensler could turn early investors into multi-millionaires, like other memecoins, such as Shiba Inu (SHIB) and Dogecoin (DOGE), did.
Pepe Gensler (PEPEGENS), a Solana memecoin launched today, is set to explode over 14,000% in price in the coming days.
This is because PEPEGENS is set to soon be listed on numerous crypto exchanges, according to reports.
This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and cause its price to rally, which will benefit investors who buy before these new exchange listings.
Currently, Pepe Gensler can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to make huge returns in the coming days.
Early investors in SHIB and DOGE made astronomical returns, and Pepe Gensler could become the next viral memecoin.
Pepe Gensler launched with over $8,000 of liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains.
To buy Pepe Gensler on Raydium.io or Jup.ag ahead of the CEX listings, users need to connect their Solflare, MetaMask, or Phantom wallet, and swap Solana for Pepe Gensler by entering its contract address – 7HmMho4GfXf6Q33f4Yt9tAFFnMvf87zKTAHyn4SUtV9p – in the receiving field.
If you don’t have one of these wallets already, you can create a new wallet in a few minutes and transfer some Solana to it (which will then be used to buy the memecoin) from an exchange like Coinbase, Binance, and many others.
Early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE), and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE, and WIF investors are instead investing in new Solana memecoins, like PEPEGENS.
Such memecoins have no utility and no inherent value, but investors looking for high gains have been investing in them due to their potential to rapidly rise in price.