6 months of sideways / negative chop should build some resilience to support a 50% upward move. Let’s touch $110k fast(ish) and then pull back to $80k. Class of 2021 has had enough with this “patience” … bring on some of these face melting pump we’ve heard so much about these last few years.
📈🔥🚀
$100k by Halloween 11:59p Salem time.
There will be some volatility, for sure, but in the long-run, yes.
Obviously loses due to Supreme Court precedent. We’ve got to stop acting like the underdogs. We are the victors. We have the Constitution on our side. If bitcoin loses, America falls.
America will not fall.
Tornado Cash? Needed a banking license. Samourai Wallet? Needed a banking license. WhatsApp, Apple, X, probably all need licenses too.
Sounds retarded? Correct. That's why the SEC has proposed a rule to formalize licensing requirements for communication protocols.
In a speech at the annual U.S. Treasury Market Conference, Gensler announced to rule on proposed amendments to the Exchange Act by November, which expand the definition of the term "exchange" to mean "systems that bring together buyers and sellers of securities [...] (i.e. "communication protocols")."
Critics argue the rule may be weaponized to criminally indict software developers given the already hostile environment for crypto- and privacy devs.
If this rule passes, we are fucked beyond comprehension.
Full story:
https://www.therage.co/gensler-to-rule-on-licensing-requirements-for-communication-protocols-2/
**Chevron ruling** this won’t stand.
Yeah, yeah, yeah … in before “no such thing as risk-free” reply guys. I know. I understand absolute scarcity is an innovation. I know there is no such thing as risk free. nostr:note1tm6mz37eyh68489vkq7hd42nvm6a46wte9rpps8mp6y8tx4yvm5s70ejsq
I think the implication of Saylor being right about a 5% yield means if bitcoin is appreciating 10% annually in fiat terms, the investments made by the banks backed by the custodied bitcoin would need to return 10.5% (risk free). If bitcoin is appreciating 50% annually then 52.5% risk-free fiat returns would be required.
If those conditions are met, both nostr:npub15dqlghlewk84wz3pkqqvzl2w2w36f97g89ljds8x6c094nlu02vqjllm5m and nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak are right, right?
I think Saife is skeptical about the investment opportunities that would generate such a yield in the short to mid term. Saylor’s position seems more reasonable long(er) term once bitcoin is more fully monetized.
(Check my math…writing this on a long walk.)
Bitcoin: **touches 65k**
Fiat interests: **initiate dump trading protocol**
Sam Altman is being groomed to be the next Musk … the fiat world needs a wunderkind persona to focus on and do their bidding.
Musk wasn’t playing nice anymore.
lol … amazing tone! Literally lol’d . I know exactly how you’re feeling!
**Bitcoin class of 2021 not represented here. nostr:note1zrv9ll9dsdxxlmv6qctq7jesfjpwyuy5jrdalc0kp4jma0nq9ycs2gej5k
CLIMATE ACTION IS COMMUNISM.
COMMUNISM IS EVIL. nostr:note1vemaldurstw9lx7acgm6dkfgnmlk66u4zzuv5lz5lvnyvlvgknwq6s8p4f
The Power Law model is a psyop to discourage bitcoin hodlers … United States social security is bankrupt by 2035, we’ll have hyperbitcoinization by then.
Next stop: 69,420 … 🎯
