TRUMP HAS BIG PLANS FOR BITCOIN & CRYPTO !!
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TRUMP HAS BIG PLANS FOR BITCOIN & CRYPTO !!
For a long time, anybody paying attention knew that central banks printing fiat money out of thin air, then lending it to nation states at interest and blowing it out into the economy would inexorably, eventually lead to such wealth disparity that the society would break down.
It would get to the point where popular revolts would threaten to overwhelm the position of the elite class; those Cantillionaires who lord over this phantasmagorical system that created value ex nihilo and caused, through inflation, the vast majority of wealth to accrue to society’s “capstone class”…
“YOU WILL OWN NOTHING, AND YOU WILL BE HAPPY.
The messaging coming out of global elites such as the World Economic Forum, The Party at Davos, the International Monetary Fund and even places as disparate as The Vatican and Hollywood are all riffing on the same theme: You, the middle class, the lower class, the masses – are going to have to get used to a lower standard of living.
The real reason why isn’t because of climate change, or even COVID. It’s because of the debt. The world has finally run out of runway from kicking the can down the road all those times the global economy threatened to backslide into recession or when previous monetary bubbles imploded. All those decades of collectively living beyond our means have finally hit the wall. This is it. We’re here.
Governments have spent beyond their means for decades, and now the bills have come due. The only way to pay them will include inflation and austerity. It will resemble a controlled demolition of the entire middle class. The easiest way to do that will be to turn them into a completely dependent welfare class via endless rolling lockdowns, Universe Basic Income programs and mandatory health passports.
However “The Great Reset” is basically at its core, a monetary reboot. A way to restructure the global debt overhang and turn “money” into technocratic lube for enacting grandiose social engineering projects: most of them geared toward ratcheting down the standard of living for the masses of the developed world and suppressing the standard of living for the so-called Third World.”
No matter what you think of Donald Trump, whether he induces either type of “TDS” (Type 1 = “Trump Derangement Syndrome”, Type 2 = “Trump Divinity Syndrome”), or you’re more dispassionate and objective, the fact remains that a Trump-led GOP landslide is all but baked-in come November 5th.
Trump declared that he “wants all future Bitcoin to mined in the USA”. Granted, it doesn’t quite work that way, but he went on to reiterate that, and the right to self-custody at: the Republican National Convention:
The Big Announcement Will Drop on July 27th
This year Trump will be delivering the keynote address at Bitcoin 2024 in Nashville, Tennessee. RFK Jr will also be on hand. Both candidates firmly on board with Bitcoin, albeit one destined for the Presidency more than the other (I expect RFK will land somewhere within a Tump administration come January 2025).
The inside baseball is that at that keynote address, Trump is expected to announce his intention to create a strategic reserve of Bitcoin for the US Treasury.
Doing so could be as simple as a stroke-of-the-pen on inauguration day, as the US is already sitting on about $5B worth of BTC:
Once that happens, we’re in a whole new ballgame. The Game Theory of Bitcoin will irrevocably change globally, and nation states will be incentivized to follow suit.
Regardless of how it plays out, Bitcoin has already crossed the Rubicon. It’s here to stay, it isn’t some kind of “emergency money” to temporarily sidestep the ongoing unraveling of the global fiat standard – it’s now part of the plumbing.
The bitcoin price has added almost 20% since its early July lows, helped by Shark Tank billionaire Mark Cuban issuing a "crazy" bitcoin price prediction.
Now, after Trump revealed a JPMorgan bitcoin bombshell, wild rumors are swirling that Trump could announce he'd create a U.S. bitcoin strategic reserve during his much-hyped appearance at the Bitcoin 2024 conference in Nashville next week—something that could trigger a bitcoin price "instant moon." "Laser Eyes are back in style," Michael Saylor, the founder of bitcoin-buying software company MicroStrategy, posted alongside a screenshot of Elon Musk new profile picture ETH ETF
podcaster Scott Melker, posted to X.
Earlier, Dennis Porter, the chief executive of the Satoshi Action Fund regulatory lobby group, posted to X that Trump will "announce a USA bitcoin strategic reserve in Nashville," citing unnamed, anonymous sources.
