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This Week In Wealth: Whoopsie Bitcoin! Why crypto's not the safe haven it was meant to be and the Great Relocation - where are SMEs moving? #167
Manage episode 477727518 series 3043446
"Tread with caution if investing in Bitcoin."
In this episode of This Week In Wealth, I discuss the current economic landscape for SMEs, including trends in business relocation, financial support options and even TikTok's new support for small business. I also explores the recent fluctuations in gold and Bitcoin prices, emphasising the importance of understanding market volatility and the speculative nature of cryptocurrencies.
Takeaways
- Two out of five SME owners are considering relocating.
- Spain, the USA, and France are top relocation destinations.
- The UK tax burden is projected to rise significantly by 2027.
- TikTok is actively supporting SMEs with a dedicated council.
- Gold prices have surged due to economic uncertainty.
- Bitcoin's volatility raises questions about its status as a safe haven.
- Speculation drives much of Bitcoin's market activity.
- Financial support for SMEs is expanding but may not be sufficient.
- Market uncertainty affects investor behavior and asset values.
- Understanding market trends is crucial for business strategy.
00:00
Introduction to SME Challenges in the UK
03:49
Market Trends and Economic Indicators
06:29
Relocation Trends for SMEs
09:40
The Role of Digital Platforms for SMEs
12:29
Gold and Bitcoin: Safe Haven Assets?
Disclaimer: The views and opinions expressed in this podcast belong solely to the host and guest speakers. The view and opinions of the guest speakers do not represent that of the host. Always do your own research.
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