US wholesale inventories rose 0.5% in August, missing 0.7% forecast
US wholesale inventories rose less than expected in August, while wholesale sales surged.
Chris Giancarlo argues that fiscal and monetary policies strengthen Bitcoin's case, with rate hikes supporting its value proposition.
Government expenditure and the devaluation of currencies are strengthening the argument for Bitcoin, according to former CFTC Commissioner Chris Giancarlo. He stated that Bitcoin's programmed scarcity positions it as the digital counterpart to gold, and that nations could eventually base their monetary systems on a digital asset. Giancarlo further explained that Federal Reserve interest rate increases and the expanding U.S. national debt reinforce Bitcoin's investment case.
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US wholesale inventories rose less than expected in August, while wholesale sales surged.
StoneX strategist Vincent Deluard warns of rising Treasury yields, bullish on Bitcoin and gold post-midterms.
In 2026, USDT traffic has split by purpose: Tron moves funds fast and cheap, Ethereum powers DeFi. Cost and speed decide which network gets used.
Bailey said monetary policy must stay unwaveringly committed to getting inflation back to target, and that core market resilience needs strengthening.