🚨 WOW. California governor candidate Steve Hilton (R) exposes that Gavin Newsom and Democrats shoved a $1,350 PER MONTH CHARGE for 20 years on every new single family home into a bill
"They snuck it into the bill that was supposed to SOLVE their housing crisis!"
"Vehicle Miles Travelled, and it's yet another sneaky, stealthy way that the Democrats in charge of California want to gouge you for the crime of driving your car."
"They're trying to punish single-family homes. They want to stop single-family homes from being built, and so they're going to put this charge on it, VMT, because if you build a new home, people are going to drive to their new home. That's vehicle miles travelled."
"They are trying to sneak in a charge, wait for it, of $1,350 per month for 20 years on every new single-family home. And this is in the bill, AB130, that Gavin Newsom said would solve the housing crisis. They don't want to solve the housing crisis."
California needs to wake up and vote red for once!
I believe the bull case for $LINK is straightforward, I would distill the thesis down to:
1. Chainlink continues to expand its dominant market share as the critical infra platform powering the most important crypto use cases (institutional DeFi, RWA tokenization, prediction markets, stablecoins, etc)
2. Growing demand for Chainlink's data, interop, privacy, compliance, & orchestration services leads to increasing demand for LINK tokens (native payments, programmatic buybacks, staking collateral, etc)
3. LINK is a digital commodity whose total supply is capped at 1 billion, meaning when growing demand combined with expanding supply sinks outpaces available on-market supply → buyers must raise their bids to find a willing seller
4. All 1 billion LINK tokens can only be acquired from someone who already owns it, no new units can be printed → demand-drive scarcity becomes an inherent property of the asset
In short, the thesis is that $LINK becomes increasingly scarce as the value that the Chainlink platform generates is captured by the token
Naturally, this story will need to prove itself over time, job's not done
But the hardest part is not perfecting the economics today (this can always be fine-tuned), it's becoming the indispensable industry standard whose value is unquestionable. The economics will naturally flow from there
As former Google CEO Eric Schmidt put it at Chainlink's SmartCon 2022: "Give me a hundred million users, and I will find a way to monetize them"
Thrilled to be launching the Bitwise Chainlink ETF, $CLNK today —
@chainlink has been relentlessly executing for 8+ years.
Building the behind the scenes infrastructure needed for the world to come onchain.
They dominate their category, and we believe it’s just getting started.
Thrilled to now provide investors access with $CLNK.