So here is my take of what has happened and why its happened and please tell me if im way off here..
Donald Trump used "crypto" as a voting catch and people in the US fell for it and I get single issue voters but I believe that insiders new this would be the outcome and here is why and what I believe..
1. ETH,SOL,XRP and ADA are all "achievable" (Unit Bias) in an average person in the USA and certainly outside of the USA.
Giving these shitcoins exposure to the Crypto reserve will end up like this - The insiders that are close to Trump know that by doing this they are gonna make so much fiat because all the tokens above the founders will be pressured into minting new tokens to give to the select few closest to Trump ( NGU and the average retail investor will follow suit) but maxing out credit cards and second mortgages because they are gullible.
At a certain point the grifters who got given these tokens will dump on the late retail investors and the narrative will switch to "you see" the dollar is much more stable than these tokens meanwhile back at the ranch the ones closest to the money printer are smiling.
Obviously the token hand outs can't happen with BTC but its gonna cause that black swan event where we have another 85% drawdown and adoption is hindered by 5-10 years because the people who get rugged are never coming back because they will lump BTC into crypto.
As nostr:nprofile1qyv8wumn8ghj7urjv4kkjatd9ec8y6tdv9kzumn9wsq3vamnwvaz7tmjv4kxz7fwwpexjmtpdshxuet5qqsqfjg4mth7uwp307nng3z2em3ep2pxnljczzezg8j7dhf58ha7ejgqgzx3h says and in the coming years its gonna be hard.. stack sats and stay humble..
Am I way off the mark here?
#bitcoin #freedom #nostr #hardmoney #asknostr