Dave

Former CEO CoinRoutes (now Board Member), 40
Year Wall St tech & quant, Bitcoin for saving, crypto for markets. ALL views are personal NOT Investment advice

[Dave W @dmweisberger]

Regardless of what “influencers” claim, NO ONE is trying to hold Bitcoin down AFTER options expiration.

BUT…

When it dawns on the herd that the Fed is going to enable the treasury in being accommodative, I would expect another few tries at the 50 week MA.

When it finally breaches that in a sustained manner, I expect another short squeeze and continuation of the “hated rally”.

People are underestimating the narrative shift happening…

[Dave W @dmweisberger]

How many people are getting password reset emails from @X when they did not request one?

Having already lost @daveweisberger to hackers and knowing that @Support is supremely unhelpful, this is a major red flag.

(Yes, an account with over 30,000 followers was stolen, went dormant after it was pointed out, but, despite having ID proof, I was unable to reclaim it)

Considering that I was offered to sign up to @XMoney , but dont want to risk losing access to savings, this is even more concerning.

@elonmusk -- I dont suppose YOU have this problem, but I can assure you, MANY of your clients do...

[Dave W @dmweisberger]

The implications of this, IF Treasury CAN get access to the funds of the Iranian regime and DOES confiscate them for reconstruction are MASSIVE,

BUT, let’s see them do it, rather than talk about…

If they do so, it could address some of the greatest humanitarian outrages of recent history and be more effective than military action, BUT

It will also spell the end of dollar based assets in numbered bank accounts being considered “safe” as many will fear political retaliation.

THIS example seems totally justified to me, BUT once the precedent is set, it can’t be undone….

1)

[Dave W @dmweisberger]

Who else finds it fascinating that some consider Bitcoin at $1 Million or even $5 Million per unit, LIKELY, while most others, even those bullish on it, scoff at such notions as delusional?

I've thought about this a lot, belonging to the $Millions per coin camp, and decided to look at history for a guide.

I've previously wrote about how Bitcoin is an OPTION on its own adoption as Digital Gold and how Gold is at least 85% pure monetary value. Taken together, that thesis would put a CURRENT dollar value of Bitcoin of roughly $750k, IF its adoption reaches critical mass.

BUT, to decide if a rally of 50 - 100 times its current value is pure delusion, the question is more about the valuation of Gold itself AND what is happening to the Bretton Woods FIAT system.

Gold, is rallying again because of fears the system is fraying. Gold's rally, spurred by foreign central bank buying, has taken it to 6% of investable assets, up from 1% at its nadir, but well below the 22% reached in 1980.

Historically, however, when confidence has started to unravel in a major Fiat currency, Gold, as the benchmark store of value, prices have moved quickly.

While I do NOT think the US is going to turn into Weimar Germany, it does not NEED to for Gold and Bitcoin to soar.

To be clear, I am sure that in June 1921, anyone predicting gold over 1 Million Deutschmarks per ounce was considered delusional as well...

For reference, Gold was trading around 1500 marks, but ended that year at 4000 and by the end of the following year rose to 157,000 per ounce.

THEN, it went truly exponential in 1923.

SO, BEFORE the true hyperinflation, it rose by over 100 times!

Here is the history:

1921 prices (paper marks per troy ounce of gold, derived from the paper-mark / Goldmark exchange):

Early 1921 (Jan–May): roughly 1,270–1,350
June: ~1,430
September: ~2,170
October: ~3,100
November: ~5,440 (the intra-year high)
December: ~3,970 A commonly cited year-end / annual figure is about 4,000 paper marks per ounce.

The mark then collapsed. By December 1922 the same ounce cost about 157,000 paper marks.

In 1923 the rise became exponential:
mid-1923: millions per ounce
September: ~2 billion
October: ~529 billion
November: ~45 trillion
December 1923 monthly average: ~86.8 trillion paper marks per troy ounce

In other words, under significant pressure in 1922, but well before the "wheelbarrows full of cash" hyperinflation, Gold rose 100 times.

[Dave W @dmweisberger]

THIS is how IDIOCRACY takes shape:

"Influencers" peddling an ideology that cannot be justified by logic, to people that are too lazy to think critically about it.

The result, as always, is power and extracted wealth by the leaders, and misery for the people...

[Dave W @dmweisberger]

Does anyone else consider the abject STUPIDITY of being “Anti Crypto” and expressing that opinion by BLOCKING REGULATION???

It may be the single dumbest thing I’ve ever heard from Senators and that is a pretty high bar…

Of course, the entire notion of being “against” a transformative technology that WILL make financial markets more efficient, with better risk control is pretty ignorant as well.

[Dave W @dmweisberger]

While I won’t hold my breath, @DavidSacks message should be carried by every media outlet:

AI behemoths should pause VOLUNTARILY and NOT seek government protection

[Dave W @dmweisberger]

I felt the need to rant about the Senate's failure to even bring the Clarity Act to the floor...

TLDR: The combination of those bought and paid for by the banking lobby, and those whose entire political strategy is to oppose TRUMP won this round, BUT, Bitcoin will be fine and the technology will NOT be stopped.

[Dave W @dmweisberger]

I did NOT have an NBA player with the most accurate & concise explanation of the Palestinian situation on my 2026 bingo card, but, here we are…

[Dave W @dmweisberger]

$$$s Trumps Common Sense Again https://t.co/RgXfqfls43 via @YouTube

[Dave W @dmweisberger]

This is VERY positive as it shows that the CFTC is embracing principle based rules such as insider trading AND is able to work with HYPE.

How long will it be before HYPE is explicitly available in the U.S.?

[Dave W @dmweisberger]

This is what leadership looks like.

Make no mistake the SEC and CFTC CAN lead the way forward.

Then, in a FUTURE Congress that regulation can be approved and other issues, such as protecting self custody and software developers can be tackled.

[Dave W @dmweisberger]

Sequencing matters,

Clarity won’t be considered again until AFTER the SEC and CFTC propose rules.

They don’t have time to wait anymore…

[Dave W @dmweisberger]

For ALL those complaining that the Crypto & Bitcoin communities CHOSE to “go partisan”, they didn’t do so by choice.

What happened was the Democrats put the leader of the "ANTI CRYPTO ARMY" in charge of their Financial Services Policy amidst their march towards the extreme left…

They used their power to prosecute legitimate businesses, cut businesses from the the banking system and even force multiple solvent banks to liquidate for the "crime" of enabling crypto.

That, was AFTER years of delaying ETFs for bad reasons that only changed after the COURTS forced them, and even then grudgingly and with conditions (like cash settlement).

Their arguments have been pure political posturing to defend donor institutions and they KNOW it. Their speeches on the subject fail even basic tests of logical or factual accuracy, but they do not care.

The majority Democrat position on Crypto (and now AI) are anti-innovation and pro government control. Their drift towards the extreme LEFT since Bill Clinton bodes very poorly for America's future as we are at a juncture in history VERY similar to the late 1990s.

At that time, President Clinton, on a BI PARTISAN basis, allowed the U.S. to lead in INTERNET innovation, with the result that U.S. companies to dominate.

TODAY, we need BI PARTISAN cooperation to ensure that U.S. companies can innovate in digital assets and AI, or we will cede economic dominance. There are MILLIONS of jobs at stake, but the leaders of the Democratic Party do not seem to care...

[Dave W @dmweisberger]

Lets get this straight: @SenatorDurbin says crypto is risky to invest in, but DOES NOT WANT TO REGULATE IT SO RISKS ARE DISCLOSED???

How stupid does he think the voters are?

[Dave W @dmweisberger]

I listened to the audiobook & am happy to say Unconfiscatable is almost impossible to put down. The tension builds quickly and never stops.

Along the way, Joe manages to impart a few important lessons about Bitcoin and its place in the world as well.

I wholeheartedly recommend it.

[Dave W @dmweisberger]

If you vote in Massachusetts, Ed Markey just told you voting for him is voting for the extreme left wing that embraces socialism, islamism and radical trans ideology, while attacking free markets and parental responsibility.

Your choice is simple: vote @JohnEDeaton1 to restore SANITY in government.

[Dave W @dmweisberger]

Heads up:

Taking Heads like @kevinolearytv will admit that the quantum risk to Bitcoin is FAR from existential, AFTER it breaks out to new ATHs and the bull run is well underway…

Not only is it FAR from clear that quantum WILL advance far enough to make exposed public keys vulnerable, BUT Bitcoin devs already have multiple upgrades for active wallets to protect them…

As for the “old wallets” that fear is overblown. Even in the WORST case scenario, the newly available supply would be a MUCH smaller fraction than the locked supply of most tech stocks & there is NO incentive for the new owners to tank the price…

[Dave W @dmweisberger]

Are there any attorneys out there who would like to help me start an action against @X for breach of contract terms?

They refused to give me back @daveweisberger, which was /is a VERIFIED account with my id. It qualified for subscription and monetization, but I was forced to set up a new account which is still less than half the size and not qualified.

I’ve tried repeatedly to contact @x and @Support as well as individuals at X with no human being EVER responding.

[Dave W @dmweisberger]

“Look folks, we’ve got 4 more years…

Why have humanity go extinct with good credit…”

This rant by @billmaher is brilliant and perfectly explains the seemingly inevitable debasement of our currency.

If Bill understood Bitcoin’s monetary characteristics, provable scarcity, global network and rapidly increasing adoption, he would be all in…