CEO Grasso Global / Wall Street/NYSE Pedigree - CNBC Market Analyst, regular on CNBC's FAST MONEY This is the personal Twitter account of Steven Grasso.
BREAKING: The US Dollar's share of global payments hit 49%, the most in 12 years, according to SWIFT data.
Over the last two years, US Dollar usage in international payment transactions has jumped by 9 percentage points.
At the same time, the Euro's share plummeted from ~39% to ~21%, the lowest in a decade.
Meanwhile, the Chinese Yuan usage increased from ~2% in 2023 to ~5% currently.
The US Dollar remains the most dominant global currency and it's not even close.
What is happening to the Euro?
Nvidia, $NVDA, is now worth $3.5 trillion.
This means that Nvidia is now larger than the total market cap of 5 of the G7 countries.
Nvidia is now also worth more than 4 TIMES Italy's entire stock market, and more than 50% of Japan's market.
If Nvidia were a stock market index, it would be the 6th largest index in the world.
Nvidia also accounts for 7.2% of the entire S&P 500's market cap.
Truly insane.
JUST IN: Emory University reported owning $15,082,241 $BTC through the Grayscale Bitcoin Trust (mini).
Emory University becomes the first U.S. university to report owning #Bitcoin
U.S. University endowments hold +$840 BILLION in assets.
🫡 @MacroScope17