A CRASH LIKE OCTOBER 10TH WILL NEVER HAPPEN AGAIN ๐จ
And here's why:
The Senate banking committee is set to vote on the Clarity Act on 15th Jan.
For those who don't know, the Clarity Act is a proposed US law to end regulatory hurdles for crypto.
With the Clarity Act, the manipulation in the crypto market is expected to drop 70%-80%.
As we all know, October 10th was a massacre for the crypto holders.
A lot of people lost everything that day, but still, we don't know who's actually responsible.
With the Clarity Act, this won't happen, and the crypto market will trade like TradFi.
But why do you think the approval is coming?
This is because insiders are already running that event.
Yesterday, it was reported that the US Congressman has disclosed buying $100K in BTC.
For anyone curious, he sits on the Financial Services subcommittee on Digital Assets.
Before that, US Congressman Byron Donalds disclosed buying $200K in Bitwise spot Bitcoin ETF.
Right now, he sits on the Senate Banking Committee.
Yesterday, it was reported that the bill will most likely be approved.
Once it's approved, it'll head to the floor for a full Senate vote, then back to the House for final passage, and in the end to President Trump's desk.
This could probably take 1-2 months, which means the Clarity Act could be signed into law by March 2026.
Once that happens, it'll open the floodgate of institutional capital for the crypto market and we will say goodbye to the daily market manipulation.
In this week, Bitcoin pumped 6% while
Gold has dumped -4.65%.
An important thing to remember is that the last time Bitcoin started its parabolic rally was after Gold made the top.
So if $4550 was the top for Gold, this could be the start of money rotation from Gold to BTC.
Season 1 of Rekt Rewards ends today, please make sure you have:
- Connected your ETH wallet
- Claimed any points from drinks purchases and Content for DRANK
Final Content for DRANK points have been mailed.
There will be no further announcements today - be mindful of scams.
Rektguy had one of the biggest product sales of any NFT project ever last week, selling 222k "Rekt Drinks" within 48 hours.
Each purchase of a drink doubles as points which places buyers on a leaderboard, potentially bringing future rewards with Rekt Coin.
To put it in perspective, according to sources, the first toy line of Pudgy Penguins sold 20k toys in the first 48 hours a year and a half ago, totaling $500k in revenue.
So it's pretty big, and good to see that there is still plenty of stuff happening in the NFT space if you take a closer look
Season 1 of Rekt Rewards will end on Tuesday 5th November at 10PM GMT.
Please ensure you have claimed all of your DRANK points and completed your profile.
Read the full thread for details ๐
Dear Murad - after selling out 222k drinks in less than 48H using the Rekt IP I would love to see you check out @rektguyNFT (a free mint right before the bear market started in May 2022).
Coincidentally the only NFT project where we also all got rekt tattoos to get ourselves through the bear.