As countries look to shield themselves from global trade pressures, CBDC (Central Bank Digital Currency) development accelerates. Nations compete to create faster, borderless payment tools. Tariffs unintentionally intensify this race, with crypto infrastructure playing a support role in development and testing.
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Corporate Treasury Movement Following MicroStrategy's lead, more cash-rich tech firms may add BTC to treasuries in 2025. Expect 2-5 new public company announcements as accounting standards improve.
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From the perspective of birthplace, the non-seasonally adjusted labor force participation rate of the native-born population is weaker than the seasonal rate, while the labor force participation rate of the foreign-born population is basically in line with the seasonal rate, which means that the native-born population is the main factor dragging down the labor force participation rate. (There is no official seasonally adjusted data for the labor force participation rate by birthplace, so it cannot be directly compared monthly like the above classification, but it can be inferred from the seasonal perspective)
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