The crypto summit tomorrow will have better dynamics than you think. I get that there are lots of shitcoiners, but think about it, is Garlinghouse going to argue for a SOL reserve? He can, but everybody there will be expecting him to be advocating for XRP, so they'll trash it, as well they should. The only thing they'll be able to agree on is Bitcoin, which is what David Sachs and Trump saw. They'll have some nominal concessions, but the main thing is going to be Bitcoin as that's the only politically viable one that's not grossly favorable to just one person in the room.
Discussion
SHITCOINERS FORCED TO BITCOIN. POLITICAL REALITY BITES.
Oui Chef! I like your optimism.
After tonights EO - I believe the entire crypto summit is about policy unrelated to the reserve or stockpile. The reserve train has left the station. The bills are being worked. Everything is in motion.
What it’s likely about is all of the shit the government/SEC should have been doing for the past decade. Regulations, Definitions, Policies regarding how the entire crypto economy will be treated from every angle. Banking, taxes, records, KYC, etc.
Do you really think the shitcoiners are coming to the Whitehouse for a 4hr meeting to discuss a decision that has already been made?! No.
My prediction - Trump’s remarks at 3pm will likely be about how Elizabeth Warren, Gensler, and the “cRyPtO aRmY” tried to unfairly destroy the industry with operation chokepoint. Trump will probably start with discussing the politics around the SBR and the “crypto shitpile” and pivot into broad crypto policy platform stuff. Calling on congress and the applicable agencies to finally do their fucking job and regulate this industry properly and fairly.
Trump has to start really selling the idea of Bitcoin (and crypto unfortunately) to the American Public.
Up until now he has not done that. He only talked about Bitcoin and crypto in front of favorable niche audiences. Never really in his big speeches other than a random mention.
The Executive Order was masterfully written with enough nuance, education, and strategy to help him do that. I believe the bitcoin policy org is mostly to thank.
There is a lot of work to be done with getting the American public on board with the SBR - otherwise a bill will never pass into law to make it permanent.
This is the beginning of the largest mass education push in Bitcoin’s history. Trump better bring his a-game!
💯
The temptation is to simply say : "ok do your things, screw people and me, I will buy bitcoin." 😅