It’s evident after Powells comments today.
They want to increase demand for stables and inflate #Bitcoin to ensure sufficient demand for treasury bonds and to back stables with said bonds.
I literally have not seen a single person who read the EO correctly. This is MORE than I was hoping for:
-BTC recognized as a valuable strategic asset by the largest economy in the world.
-BTC and shitcoins now officially separated in US government policy. Shitcoins seized won’t be sold, only Bitcoin is worth accumulating.
-Bessent and Lutnick authorized to develop budget neutral strategies for further acquisition.
Literally what else was anyone hoping for? This is everything.
If this doesn’t make you fully erect you are retarded and can’t read.
THE UNCOMFORTABLE TRUTH ABOUT TRUMP, XRP, AND ADA
In today's Odd Lots newsletter, I wrote about Trump's executive order, the guys who soyface on YouTube to pump cheap coins, and why the people "building" on crypto Twitter may be the biggest phonys in the industry.
@fallacyalarm Yeah completely agree, more inclined to believe nothing would pass Congress unless it were stockpiling current BTC holdings or gifting from centralized protocols.
Will get hate, but the Crypto Strategic Reserve won’t pass in Congress. BTC is struggling to pass at the State level. Add shitcoins and odds drop even more.
Will be solid exit liquidity though, so thanks for participating.
I will put out a Flash Update video later today with more details but the Global M2 vs BTC chart has largely played out now. Patience.
Volatility is the price you pay for the returns...
As $BTC dropped below $80K, an additional $685M in realized losses were recorded on Feb 28 so far. Losses continue to be led by recent buyers.
We break down today’s sell-off and how loss realization has evolved. 🧵👇
"The basis strade is neutral for the market, that's why the price didn't go up while Blackrock was buying billions"
Cool, so why is the price dumping when they're unwinding the basis trade and actively dumping the coins on the market rather than sell OTC after they bought OTC?