"Retail is gonna invest in the SpaceX IPO, take money from Bitcoin to do it, get flushed out, while the insiders of the SpaceX IPO are gonna buy Bitcoin."
@JeffBooth on how hype cycles transfer wealth from retail to insiders.
People until Clarity Act passes and exchanges are regulated Bitcoin will never store value. Understand this. The dollar price is too easily manipulated to hunt leverage traders. Once Clarity has passed, been enforced and spreads together with Mica in the EU around the world, weeding out the CEX cartel, Bitcoin will be volatile.
But then everything changes and the asset class starts to have supply and demand based price discovery.
Your job is to maximize your token holdings through the pre Clarity era. Its a blessing, not a curse.
JUST IN: JPMorgan backs crypto Clarity Act
"The United States must take great care in how it establishes a framework for digital assets."
"The promise is clear. Tokenization and programmable money can reduce friction in payments, shorten settlement cycles, and unlock efficiencies that benefit businesses and consumers alike. These technologies have the potential to modernize financial infrastructure in meaningful ways, particularly as commerce and investments become more global and operate around the clock."
Gavin Newsom is right that living standards have fallen for younger Americans. But his solution — a wealth tax, higher income and estate taxes, and nationalized stakes in AI companies — would make the problem worse. Living standards rise through productivity growth, which requires capital investment. Newsom’s plan would destroy capital and undermine the growth needed to help the very people he claims to champion. The problem isn’t that taxes are too low; it’s that government spending is too high. We don’t need higher taxes. We need to repeal the income and estate taxes, slash government spending, and return resources to the private sector where real growth is created.
Bitcoin is a REVOLUTION.
It is much more than number go up. It is an invention which can free humankind from the long sad history of monetary debasement, which empowers few and taxes everyone else. In a fiat system the wrong people win. We all pay for it. It is unjust and unfair. Throughout all of human history we never had a monetary standard that did not dilute over time. Now we do. Those of us who are partisans and are fighting for it understand the stakes. Freedom, fairness, prosperity, less war, etc.
Unsound money is the issue of our age. Currently few see it, but this will change. This Fourth Turning is well on its way and the monetary issue will be resolved.
As I observe the current Bitcoin landscape and the attacks on its leaders i am reminded of the opening of Thomas Paine's second writing, The American Crisis. Written in December 1776 after Washington had gotten his ass kicked on Long Island and retreated from Brooklyn and through New Jersey, Paine wrote:
"These are the times that try men's souls. The summer soldier and the sunshine patriot will, in the crisis, shrink from the service of their country: but he that stands by it now, deserves the love and thanks of man and woman. Tyranny, like hell, is not easily conquered; yet we have the consolation with us, that the harder the conflict, the more glorious the triumph. What we obtain too cheap, we esteem to lightly: it is dearness only that gives everything its value."
Sound money has to win. Sound money will win. History will be kind to sound money partisans. This is about a lot more than number go up. Don't forget why we are in this fight. Spread the word. The system they run is evil. We know the antidote. Time is on our side.
Since the group stage is over.
Give me another time since Covid when people are just back to LIVING again. This #WorldCup has brought back the energy and purpose for LIFE. Fans, celebrations, communities all mingling and enjoying our day that we have right now.
So refreshing to me.
People barely any crypto is moving in fact 74% Bitcoin has not moved in 4 years. This is just dollar price manipulation on a single centralized exchange using paper Bitcoin emmitting the price into the oracle complex with 80% price dominance. All other exchanges simply arbitrage to the dominant price even though only a tiny bit of crypto is actually being traded.
Here are the only large txs in the lst 6 hours. Its all fugazzi to liquidate longs and scare you out.
Now understand there is ZERO regulation against this. ZERO policing. ZERO consequences until Clarity (July) and MiCa (July 1).
Tokenized stocks are a win for everyone.
For people that already hold stocks, it makes them more useful - much faster to send, trade 24/7, etc.
But there are also lots of people in the world that don’t have easy access to US stocks. In a lot of countries, wealthy people may be able to get a brokerage, but ~4B people in the world don’t have ways to access US investments, so they’re stuck holding cash and low quality investments. Tokenized stocks will change this by opening up the best markets to the world.
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If you have a few minutes today, watch this short film. I highly recommend it. You won’t be disappointed.
It’s one of the winners of AIF and a film that everyone I meet keeps mentioning. It’s mesmerizing, with a brilliant concept and exceptional execution.
Costa Verde. Directed by Léo Cannone & New Forest Film.
Robert Gaudette has made one of the best generative short films I’ve yet seen, and also makes the best case for the use of this new cinema technology. A brilliant filmmaker.
Some Seattle soccer fans have mixed feelings about patriotically backing the U.S. team during the FIFA Men's World Cup, given the actions of President Donald Trump. https://t.co/XooQ8rPjSQ