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MORGAN STANLEY PREDICTS 10% DROP IN US DOLLAR — SEES BOOST FOR RISK ASSETS AND S&P 500
Morgan Stanley has issued a bold mid-year forecast: the U.S. dollar is headed for a major decline, which could act as a tailwind for equities, crypto, and other risk-on assets.
CIO Mike Wilson: “Dollar to Fall Another 10% Into 2026”
In an interview with Bloomberg Television, Chief Investment Officer Mike Wilson said:
“Our forecast for the dollar… is for another 10% decline, continuing into next year. That’s another reason the S&P 500 will be hard-pressed to correct more than 10%.”
The call is based largely on Morgan Stanley’s projection of 175 basis points in Fed rate cuts over the next year.
📉 If realized, this would deepen pressure on the greenback and stimulate broader asset markets.
Even with Fewer Rate Cuts, Dollar Still Going Down
Wilson emphasized that even if the Fed doesn’t cut rates as aggressively:
“The direction of travel is still south for the dollar… particularly against the yen, euro, and pound — economies with less room to cut in a slowdown.”
This shift could:
- Weaken the dollar globally
- Make U.S. exports more competitive
- Push investors toward commodities, stocks, and crypto
Why This Matters for Investors
A falling U.S. dollar tends to:
- Support higher stock prices (especially in large caps and tech)
- Provide upside to Bitcoin, XRP, and other crypto assets
- Drive flows into emerging markets and commodities
With dollar strength waning, traders and institutions may rotate heavily into risk-on trades to front-run 2026 macro shifts.
Bottom Line
Morgan Stanley’s call is clear: rate cuts are coming, the dollar is weakening, and risk assets are positioned to benefit.
As the greenback loses steam, expect crypto and equities to surge — especially if the Fed confirms the pivot in coming months.
@ Newshounds News™
Source: Daily Hodl
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FLORIDA TO SCRAP CAPITAL GAINS TAX ON BITCOIN, XRP, AND STOCKS — A GAME-CHANGER FOR CRYPTO IN AMERICA
In a bold move that could reshape U.S. crypto policy, Florida has introduced legislation to eliminate state capital gains tax on Bitcoin, XRP, and traditional stocks, sending bullish signals across the markets.
State-Level Tax Break Could Supercharge Crypto Adoption
Backed by Governor Ron DeSantis and Florida’s GOP leadership, the bill would:
- Remove capital gains tax at the state level for profits from crypto and stock investments
- Increase investor returns, making Florida more attractive to crypto traders and fintech firms
- Position the state as a potential crypto capital of the U.S.
🔸 Federal capital gains tax still applies — only Congress can change that.
Markets React: BTC and XRP Climb
In the 24 hours following the announcement:
- Bitcoin (BTC) rose 2.4%, trading near $109,835
- XRP jumped 2.2% to $2.34
📊 Growth Trends:
Asset 30-Day 3-Month
BTC +16.55% +19.6%
XRP +5.42% +2.71%
Some analysts predict Bitcoin could hit $135,000 if this momentum continues.
In Sync With Trump’s National Pro-Crypto Push
This legislation mirrors President Trump’s federal crypto agenda:
- Advocates pro-blockchain policies
- Has support across 27 Republican-led states
- Could inspire a wave of similar tax reform bills
Mixed Public Response
Supporters say:
- Could make Florida the #1 crypto-friendly state
- Will attract VCs, builders, and high-net-worth investors
Critics argue:
- Might complicate filings and cause clashes with federal tax rules
- Risks regulatory confusion across state-federal lines
hy It Matters: This Could Spark Nationwide Crypto Tax Reform
If Florida’s bill passes:
- Other GOP-led states may follow suit
- Federal lawmakers may face increased pressure to modernize crypto tax policy
- Could create a more unified, investor-friendly U.S. crypto landscape
Bottom Line
Florida isn’t just tweaking its tax code—it may be igniting the next phase of U.S. crypto regulation. Whether you’re holding BTC, XRP, or just watching the policy tide, this bill deserves your full attention.
@ Newshounds News™
Source: Coinpedia
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