@CJKonstantinos Last spring and summer you appeared on a number of podcasts touting that on July 4th you were launching a BTC mortgage product.
On July 4th you launched this “loyalty”token. Why would anyone show loyalty to a founder who just did a circuit misleading its target market?
In the year of 2000 there were nine countries WITHOUT a Rothschild owned or controlled Central Bank:
1. Iran
2. Iraq
3. Sudan
4. Libya
5. Cuba
6. North Korea
7. Afghanistan
8. Syria
9. Venezuela
Even though a handful of us knew this Denver International Airport mural from 1994 was him...being able to prove it now is weird. I liked it better when people assumed I was crazy.
🚨 HERE’S WHY BITCOIN IS NONSTOP DUMPING RIGHT NOW
If you still think $BTC trades like a supply-and-demand asset, you MUST read this carefully.
Because that market no longer exists.
What you’re watching right now is not normal price action.
It’s not “weak hands.”
It’s not sentiment.
And it’s definitely not retail selling.
Most people are completely unaware what’s happening.
And by the time it becomes obvious, the damage is already done.
This move didn’t start today.
It’s been building quietly under the surface for months.
And now it’s accelerating.
Here’s the truth:
The moment supply can be synthetically created, scarcity is gone.
And when scarcity is gone, price stops being discovered on-chain and starts being set in derivatives.
That is exactly what happened to Bitcoin.
And it’s the same structural break that already happened to:
→ Gold
→ Silver
→ Oil
→ Equities
Once derivatives took over.
The original Bitcoin thesis is broken.
Bitcoin’s valuation was built on two ideas:
→ A hard cap of 21 million
→ No rehypothecation
That framework died the moment Wall Street layered this on top of the chain:
→ Cash-settled futures
→ Perpetual swaps
→ Options
→ ETFs
→ Prime broker lending
→ Wrapped BTC
→ Total return swaps
From that point forward Bitcoin supply became theoretically INFINITE.
Not on-chain.
But in price discovery, which is what actually matters.
Synthetic Float Ratio (SFR).
The metric that explains everything.
Once synthetic supply overwhelms real supply, price no longer responds to demand.
It responds to positioning, hedging, and liquidation flows.
Wall Street can now trade against Bitcoin.
They’re not guessing direction.
They’re doing what they do in every derivatives-dominated market:
1⃣ Create unlimited paper BTC
2⃣ Short into rallies
3⃣ Force liquidations
4⃣ Cover lower
5⃣ Repeat
This isn’t “betting.”
It’s inventory manufacturing.
One real BTC can now simultaneously back:
→ An ETF share
→ A futures contract
→ A perpetual swap
→ An options delta
→ A broker loan
→ A structured note
All at THE SAME TIME.
That’s six claims on one coin.
That is not a free market.
That is a fractional-reserve price system wearing a Bitcoin mask.
Ignore it if you want, but don’t pretend you weren’t warned.
I’ve been calling Bitcoin tops and bottoms for over a decade now, and I’ll do it again in 2026.
Follow and turn on notifications before it's too late.
@Greg73018391@DavidBCollum Save in bitcoin or gold and you will need dramamine now. Save for your future in fiat and you will need anti-depressants for the rest of your life.
Bitcoin was 117k Friday
then the ETFs bought $200 million, which dropped the price to 116k
then Metaplanet bought $632 million, which dropped the price to 115k
then Strive bought $675 million, which dropped the price to 114k
then Saylor bought $99 million, which dropped us to 113k
Finally capital B bought $62 million, which brings us to 112k
@PeoplesReserve@SchlemmerMaul5 Answering emails or getting a phone number like a proper business would be a great start.
People’s Reserve is starting to smell a lot like a 2018 token launch/exit scam.
@bradmillscan If the upstart differentiates with self custody validated by @hosekiapp like Metaplanet I would be 100x more likely to invest vs MSTR with their Coinbase IOUs.
@PeoplesReserve@sourX5 They’ll be an option to exchange but no one knows if there would be any value or demand for them?
What is the point to a loyalty token to completely new and unproven company that has already betrayed its target market?
@PeoplesReserve@CJKonstantinos Expected more from CJK….
Guy repeats “BTC is pristine capital” ad nauseam on podcasts then drops a circa 2018 Eth token offering!?!?
Anyone else surprised that OGs like @CharlieShrem@maxkeiser@BTCsessions promoted this shitcoinery?!?!