The last time bitcoin was this cheap we had the FTX collapse, Terra Luna exploding, the BlockFi bankruptcy, the Celsius fraud, operation chokepoint and literally zero hope for the future.
Today we have a pro Bitcoin President, Treasury Secretary, entire pro Bitcoin Cabinet, SEC, CFTC, Fed Chair, spot BTC ETF, BlackRock and Larry Fink on board and numerous bills and policies including the Clarity Act, Genius Act and fair value accounting and yet everyone still thinks Bitcoin is going lower than $58,000.
Power law says we should be trading at $170,000. That is a 66% discount at today’s price.
You’d have to be insane to sell here and even more insane to not buy the dip.
@SenLummis The Clarity Act is not about blessing every new token; it is about whether US capital markets and the dollar sit at the centre of the next financial architecture, or end up operating on rails designed somewhere else.
The Clarity Act.
The Doomers keep insisting the Clarity Act will never pass, that Team Warren and Dimon will win, and that is the responsible outcome. What they miss is that the real winner in that scenario is not “prudence,” it is China. Just as those who project that voter ID is inherently controversial often ignore the basic issue of who sets the rules of the system, control the game. Many of today’s critics overlook a simple fact: if the US does not set the standards in the crypto and digital-asset world, Beijing will be more than happy to step in.
America has a history of turning strategic advantages into self-inflicted wounds, from handing transistor know‑how to allies who became competitors after WWII, to letting semiconductor manufacturing drift offshore. It is now flirting with a repeat in digital finance.
The Clarity Act is not about blessing every new token; it is about whether US capital markets and the dollar sit at the centre of the next financial architecture, or end up operating on rails designed somewhere else.
Seen through that lens, passing the Clarity Act is less about placating “crypto bros” than about avoiding another quiet own goal in a domain that will shape money, markets, and power for decades.
The dollar's reserve status was not an accident. It was the result of American leadership. That same leadership is required right now in digital assets.
In the next 3/6 months the real crypto supercycle will begin and $PLS will dominate and will be the best performing L1.
Interact and bookmark this, 1 year is long, but we'll talk about this sooner...
$PLS $PLSX $HEX $PRVX
I've decided it's not my mission in life to gather the bad news of the world and deliver it to you. It's doom scrolling with extra steps. I will focus on building the good of the world. This leads to glory.
BTC community has forgotten Trump administration’s very vocal & repetitive standings on Bitcoin. Also Howard Lutnick & Trump family’s personal holdings. 💰💰💰