Trump signing the SBR and the Bitcoin price remaining flat is in the context of Trump also wantonly destroying stock prices through his idiotic tariffs. In that way, we should be glad that “flat is the new up” for risk assets.
Discussion
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Check the markets, which Trump has rattled heavily. Investors are selling domestic stocks and moving to safety, such as bonds and European stocks, which are up. Nothing is happening with Bitcoin but we’ll find out soon whether the market considers it a safe haven to buy or a risk asset to dump.
I think we can rest assured that these boys intend to make a LOT of money.
Hold.
"World Liberty Financial (WLFI), the decentralized finance (DeFi) venture tied to U.S. President Donald Trump and his family, added over $21.5 million worth of ether (ETH), wrapped bitcoin (WBTC), and MOVE tokens to its treasury on Wednesday, data shows.
WLFI acquired 4,468 ETH at roughly $2,238 each (totaling $10 million), 110.6 WBTC at $90,415 (another $10 million), and 3.42 million MOVE tokens at $0.438 apiece ($1.5 million).
The WLFI purchases, where Trump and his sons hold ambassadorial roles, come days ahead of a White House Crypto Summit scheduled on Mar. 7, where the President is set to meet with several high-profile crypto founders."
Feels like the kind of note where I should cite my source:
I only buy and hold.