1. Over-exuberance on government hope, as if this time is different

2. Reality check hits: It’s not different, we have liquidity problems, the dollar is too strong… DUMP IT. (we’re probably here now)

3. Stack the dip while everyone feels emotional, rekt, betrayed, and confused.

4. Bitcoin rips to $250k+ because it’s the best expression of currency debasement. The dollar has to weaken, inflation is coming, and nothing stops this train.

Reminder: Bitcoin didn’t close above $2,500 until June 2017. The all time high that year was $20k.

History rhymes. Anyways, I’m back to work. Stay focused! 🫡

Listen to what he is saying, that's the problem.

"what is the reason for a strategic reserve" you can have a reserve of anything. Is it public consensus, is it beneficial or is it just some lobby trying to shill?

Central bankers need to be methodical, reserved and prudent. You can have a strategic reserve of anything, corn, wheat, oil, coal, apples, beef etc. There's both a value attributable and a yield.

BTC sitting in a wallet doing fuck all isn't the same as any other strategic reserve. And no, Gold isn't 'sitting around' either.

If the public consensus and policy is to have a reserve of X, then it is with the central banks authority to research and create options to make that happen. That is what he is saying.

Dude's been the head for years because he's fucking boss.

I now completely believe that people don’t … use their banks … meaning, they just get their salary, and spend it with the card, and once or twice in their life time get a loan.

They don’t transfer money between each other. They don’t send money internationally. They don’t do transfers money between bank accounts.

If people used their banks to transfer money they will very quickly be hit with the reality of how this system is broken AND designed to control our money.