He is definately mentally ill if he comes out and starts suing Bitcoin developers again. Deserves more time.
Yea I do not care for the Fed a private bank to own Bitcoin and benefit from it.
Craig Wright sentenced to 12 months in prison, suspended for 2 years, and ordered to pay COPA’s costs after being found guilty of 5 counts of contempt of court.
🇺🇸 Senator Lummis says she wants to give the Federal Reserve the authority to own Bitcoin.
"I want our federal government to have a Strategic Bitcoin Reserve - buying 200,000 $BTC a year for 5 years, and holding it for 20 years."
🚨🇺🇸HISTORIC AMAZON STRIKE BEGINS NATIONWIDE
Amazon workers have launched the largest strike in company history across the U.S., officially marking a major standoff with the retail giant.
Yes government is a leech on society anytime you can reduce it to smallest size possible. Society benefits
15 consecutive days of inflows for U.S. Bitcoin ETFs 👇 $ in millions
JUST IN: 🇺🇸 University of Southern California football player Matai Tagoa’i will get paid part of his NIL earnings in #bitcoin through Strike.
He is now one of the first college athletes to embrace Bitcoin for NIL agreements 🙌
Now HERE’S a decision that would shake things up a bit.
Would you support Elon Musk for Speaker of the House?
John McAfee, in what ended up being one of his last messages:
"Some of you may be living an existence of dissatisfaction... of emptiness... of longing."
"This sense of longing... is really your loss of freedom. And it is freedom for which you yearn."
"And you have none in this government. A government... which started out with the people being free and the government being our servants. It has become the government is free... and it's the people that are the servants."
"You have woken up to your reality. That is what you are feeling."
"Wake up a bit more and do something about it."
JUST IN: Bitcoin miner MARA Holdings bought another $1.53 BILLION $BTC
They have bought $3.2 BILLION Bitcoin in just 6 weeks!
Saylor has some competition!
So you’re telling me a bunch of Leftists ran to a new platform and all the sudden there’s an uptick in child s*xual abuse material and death threats there?? 🤔
BREAKING: 🇺🇸 Dow Jones stock index closes down 10 days in a row.
The longest losing streak since 1974!
JUST IN: Circle CEO gets pressured by Joe Kernen and says “we don’t have sound money principles embedded in our monetary system” and sees Bitcoin tapping into $120 Trillion of value. 🚀
Adios BTC maximalism in El Salvador.
The IMF and El Salvador just signed a new agreement to unlock $1.4bn that Bukele needs.
BTC will no longer be legal tender in El Salvador. Acceptance by the private sector must be voluntary. Taxes only paid in USD, the Chivo wallet to be unwound and crypto regulation enhanced
(El Salvador’s crypto regulation is lax, which is why BitFinex Securities is regulated there)
Remember when all those folks told you the Long-Term Holders never sell their $BTC?
Yeh, they lied to you.
Largest revived supply volumes since the 2018 bottom, and the BCH hard-fork (aka the biggest volume of old coins taking profit in a bull market ever).
Haliey Welch, aka Hawk Tuah Girl, has now been gone for 2 weeks and hasn’t dropped any episodes of her Talk Tuah podcast since “going to sleep” after rug-pulling millions in a memecoin 😭
The market model is Argentina.
Milei has slashed the government and turned the country around, since his election win, the Argentina stock market is up a whopping 300%.
If DOGE can be just half as effective as Milei (a tall ask), the US is up for a great period of positive change ahead.
Don't expect similar numbers to Argentina, but the broader trend and direction of change may be a useful guide. For example, despite the explosion of value; GDP has struggled and Argentina saw a 50% increase in their unemployment rate through 2024. Slashes across government employees will do that short-term.
Argentina also saw significant inflation growth in early 2024, the first 6 months of Milei's presidency, though it is coming more under control now.
What does this mean for the US?
We still know very little about what and how DOGE will implement change. We still don't know what and how Trump will implement tariffs either.
Two of the main dynamics and themes I am watching are (A) DOGE aggressiveness (speed / ability to execute) and a (B) Tariff Tornado (Trump executing a lot of measurable tariffs quickly).
How each theme may play out in the US:
(A) DOGE is aggressive
= jobs down (short-term)
= FED dovish (cuts rates more)
= Private sector job stimulation action by Trump
= stocks up
= inflation up
(B) Trump Tornado "Category 10"
= inflation up (higher cost of imported goods)
= Dollar up (other currencies devalue)
= FED hawkish (pauses/raises rates)
= Dollar up more
= stocks up
= jobs up (US labor is more competitive)
This is far from certain. Each of these themes interacts with each other. Some forces and effects cancel each other out. How actions are implemented will greatly sway these affects, and change them through time as short-term effects can be quite different to long-term effects.
There's a question mark on rates which could potentially go down (currently expected) or even up over the coming 2 years to manage these forces.
EIther way, it does seem likely that all roads leads to more inflation through in the initial phase of the Trump presidency.
The above dynamics also both lead to stocks higher. This will be compounded by the fact Trump likes to measure success from equities, so he won't allow failure there.
There's a bigger question mark on Bitcoin (as it relates to US policy). If Trump takes any serious action on a Bitcoin Strategic Reserve (BSR) that will have huge positive impacts on Bitcoin. If a BSR falls on the back burner because the above issues are more pressing, things could be more lacklustre. Let's not forget, if there is any tangible inflation increase or stimulatory action (like 2020 and 2021), we can expect Bitcoin to price up accordingly.
Many of these questions will likely be answered in the coming months. It should be an exciting 2025 either way.
