🚨I sold 33% of my $ETH bag today
Most will call me an idiot for what I’m about to do...
But I've seen this setup back in 2017 and 2021
Here's why I will SELL everything by the end of October
Many have asked, and so here it is: FULL re-post of Smitty's Bitcoin Retirement Guide 📙
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Paginated, 600 DPI, $50k - $1M USD annual expense scenarios, assumed future 7% average annual inflation, and does not account for taxes.
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BOOKMARK this so you can always refer back to it!
Download, save, print-out, share 🧵👇
Now that the budget bill has passed Congress, we can see what the projections look like for deficits, government debt, and debt service expenses. In brief, the bill is expected to lead to spending of about $7 trillion a year with inflows of about $5 trillion a year, so the debt, which is now about 6x of the money taken in, 100 percent of GDP, and about $230,000 per American family, will rise over ten years to about 7.5x the money taken in, 130 percent of GDP, and $425,000 per family. That will increase interest and principal payments on the debt from about $10 trillion ($1 trillion in interest, $9 trillion in principal) to about $18 trillion (of which $2 trillion is interest payments), which will lead to either a big squeezing out (and cutting off) of spending and/or unimaginable tax increases, or a lot of printing and devaluing of money and pushing interest rates to unattractively low levels. This printing and devaluing is not good for those holding bonds as a storehold of wealth, and what’s bad for bonds and US credit markets is bad for everyone because the US Treasury market is the backbone of all capital markets, which are the backbones of our economic and social conditions. Unless this path is soon rectified to bring the budget deficit from roughly 7% of GDP to about 3% by making adjustments to spending, taxes, and interest rates, big, painful disruptions will likely occur.
New episode has just dropped with the one and only @LynAldenContact...
TRUMP, INFLATION, MICROSTRATEGY & BITCOIN w/ Lyn Alden
We discuss:
- Trump's first day in office
- Inflation & the Fed
- MicroStrategy
- The Bitcoin bull market
Check it out here... https://t.co/ll25pe3kpa
ZachXBT and the $3.9M Meme Token Saga: Hero or Villain?
Many hail ZachXBT as a hero, while others claim he’s living long enough to become a villain. Let’s uncover the truth behind the controversy.
#ZachXBT#Thread
Three days before the inauguration, Trump has launched a memecoin that has since risen more than 10,000%
He did so after inviting the Crypto Industry to a black tie event in DC
Here’s my theory on $TRUMP, which is almost diabolical, but totally something Trump is capable of 🧵
Controversial Opinion:
Income from selling covered calls on $MSTR is a better way to generate a consistent monthly income than owning a rental property.