C-level fucks are laying off people on my team because they fucked up. If you’re down to fly to LA; we’re going to set an example.

DM me if you’re up for an expenses paid trip. It’s goin to be a blast. #plebchain

Hopefully their war against crypto goes as well as their war against the Taliban

🔥🔥🔥can’t stop won’t stop.

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Normal. All this comes in waves. Harder to get people to try again, but some do. But they are small relative to waves of newer people who come on after.

I personally think they purposely went after two banks that were critical to the crypto industry, not to destroy it, but to coopt it.

Either because they will now sell them for a buck to J Morgan or whoever, and thus control the infrastructure, or because the centralized exchanges will have no option but to work with FedNow once it's released.

The result is the same either way. The Fed will now control the exchanges and Circle. A possible counter is to just get the fuck out of the US and move to a less crazy jurisdiction... London calling?

Now, beyond this, if they can also cause the collapse of the "unwashed masses" of banking, i.e., the regional banking network, so they can crank up the consolidation another notch and fatten up their 5, 6 megabank cronies, that's also a very welcome outcome for them.

Finally, call it whatever you want to call it, but they're back at injecting hundreds of billions into the system, AKA causing massive asset inflation. Which is also good, because again, who profits from that? Blackrock and the rest, who have the money to out-buy everybody else.

So my personal bet is that they will keep at it for a while and will not ease up with the rates for now, while they simultaneously keep shooting themselves in the vein with more "liquidity".

If the Fed sends a clear signal that they will end the hikes, BTC will continue to go up.

If the Fed sends a clear signal that will continue to raise rates to 5, 5.5%, maybe even more, we will have a "retracement".

There really isn't more to it.

Even if you believe (like I do) that a lot of the incoming volume is not entirely speculative, but truly looking for refuge, bagging a 15-30% profit in one week, then exiting BTC to buy bonds is the most likely move for the type of people who moved the BTC price up these past few days.

If one sat gets to the price of Bitcoin we’ll be filthy rich!!!!

(This is actually how shitcoiners think, they can’t even calculate market caps)

🍻