All the elites are preparing for collapse. This is the last of the empire. The final death throes. SpaceX and others will IPO at the top cash out trillions and flee to their bunkers.
As the endless war with Iran re-escalates, gold and silver are once again under pressure. Gold just broke below $4,200 and silver is approaching $64. But the bullish case for precious metals actually got much better because of the war, and the longer it lasts the better it gets.
I STILL THINK THE WAR IS OVER
But I'm surprised by the scale of the ongoing American attack, which is now going into wave 3,
Trump needed to show strength after not retaliating for weeks, and I think this is what we're seeing
I still don't believe he wants a deal, but needs to show strength just like the Israelis did a couple of days ago
I expect Iran to retaliate hard. This is the worst flare up yet since the 'ceasefire' begun
TRUMP BUILT HIS CRYPTO EMPIRE ON RETAIL LOSSES!!!
The Trump family has made $2.3 BILLION in profit from crypto since mid-2024, while other people have lost $2.3 BILLION.
Projects launched by Trump and his family completely destroyed retail investors:
โข $TRUMP: -97.6%, wiping out $17.5 BILLION
โข $WLFI: -88%, wiping out $12.3 BILLION
โข $ABTC: -93%, wiping out $11 BILLION
โข $MELANIA: -99.4%, wiping out $10.6 BILLION
That is over $51.4 BILLION erased across just 4 Trump-linked crypto projects.
Meanwhile, the Trump family has made huge money, which came from selling tokens and getting large insider stakes.
The Trump family made over $1.4 BILLION from WLFI token sales alone.
Meanwhile, WLFI investors are down around $674 MILLION.
The same thing happened with the TRUMP memecoin.
Retail investors poured over $1.2 BILLION into the token during peak hype.
The token has now collapsed more than 97%.
And this is why crypto is such a bad situation.
Insiders made billions while investing nothing, while retail lost its last single penny.
JUST IN: ๐บ๐ธ The U.S. House will discuss a 0% capital gains tax on Bitcoin payments today.
The proposal includes a de minimis exemption for $BTC, potentially exempting small Bitcoin transactions from capital gains tax.
This is HUGE! ๐