tysker said:

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So instead of creating policies to strengthen the USD, Trump is advocating an asset class considered a hedge against devalued currencies?

Is this Trump's subtle way of saying to American people that the country is done?

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The US has been dead for a while, financially speaking. The body is still flopping around, but no one knows for sure how long that takes to subside.

Middle class dies daily as the real rate of return for 98% of them diminishes.

I say F the government. If bitcoin has a chance to save our debt mess the government got us into and give us more fore freedom, sign me up. I will be at least swapping out more stock options to some type of bitcoin options Monday.

AggielandPoultry said:

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I say F the government. If bitcoin has a chance to save our debt mess the government got us into and give us more fore freedom, sign me up. I will be at least swapping out more stock options to some type of bitcoin options Monday.

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The ETFs are a pretty stable investment unless you choose to buy Bitcoin directly. If you want something with more risk / reward potential I might also suggest Bitcoin miners. They can be volatile though and aren't necessarily long term investments. I'd classify them more a swing trade.

tysker said:

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So instead of creating policies to strengthen the USD, Trump is advocating an asset class considered a hedge against devalued currencies?

Is this Trump's subtle way of saying to American people that the country is done?

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When has Trump ever wanted a strong dollar?

Trump wants manufacturing to come back home to the United States. By definition that requires the USD to devalue to make exports more attractive, and by definition, the US consumer to lose purchasing power. That is the tradeoff of switching to more export-based economy. At least, he wants to shift the balance back a bit from consumer-heavy driven economy with a strong USD to a bit more export based economy with weaker USD.

This is inaccurate. Some of y'all have been deceived into thinking you can't have a strong dollar and be an exporter.

If you sell stuff for US dollars people need US dollars.

Instead we made deals so people would sell US stuff for US dollars. Which have now gone away.

Yes El Salvador has made it legal tender and I could see BTC reaching that point in the future as it grows along the adoption S-curve. But I think right now its use is mostly as a store of value as it's out performed everything else since it's inception minus maybe NVDA stock.

he gave a shoutout to the Winklevoss Twins

Zuckerberg must hate that.

Trump should actually lean into this and discuss it all the time- get more Gen Z and millenial support

guarantee that Kamala has no idea what the hell the blockchain is...

Yukon Cornelius said:

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This is inaccurate. Some of y'all have been deceived into thinking you can't have a strong dollar and be an exporter.

If you sell stuff for US dollars people need US dollars.

Instead we made deals so people would sell US stuff for US dollars. Which have now gone away.

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And oil, which has been the backbone of the "need" for US dollars is beginning to trade in various currencies.

The war in Ukraine has changed the game in the way sovereigns view sinking their countries reserves into US debt. Piss off America and your reserves get taken away. Countries will look to remove that risk.

USD is the best fiat game in town no doubt, but there is a lot of demand for a different game. Just look at the rate that some central banks are buying up gold. And BTC will be next as it's even better than gold.

Exactly. Because we used trade agreements for tbe buyer/seller to buy/trade with USD. Now those deals are over. So what will support the USD across all he world?

For one is its liquidity. It has very deep liquidity which will help it short term.

Second long term US must become exporter of goods and oil or USD will fall. And fall hard.

La Bamba said:

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USD is the best fiat game in town no doubt, but there is a lot of demand for a different game. Just look at the rate that some central banks are buying up gold. And BTC will be next as it's even better than gold.

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Who demands different 'fiat games?'

China has been the largest buyer of gold and has made BTC illegal.
Which governments have been going long BTC, and what are the wallet addresses?

tysker said:

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La Bamba said:

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USD is the best fiat game in town no doubt, but there is a lot of demand for a different game. Just look at the rate that some central banks are buying up gold. And BTC will be next as it's even better than gold.

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Who demands different 'fiat games?'

China has been the largest buyer of gold and has made BTC illegal.
Which governments have been going long BTC, and what are the wallet addresses?

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China just unbanned BTC. The thinking is they will turn very pro BTC soon.
Hong Kong just proposed following Trump's policy of reserve asset.

• 
  

  Quote:

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  Fire SEC chair Gary Gensler

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This isn't the flex you think it is....... It is a given that the SEC chairman would be replaced within any new administration.


If Trump promises to investigate Gensler's roll in aiding FTX to launder campaign donations to the Dems in 2020, thats a headline worth noting.

La Bamba said:

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tysker said:

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La Bamba said:

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USD is the best fiat game in town no doubt, but there is a lot of demand for a different game. Just look at the rate that some central banks are buying up gold. And BTC will be next as it's even better than gold.

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Who demands different 'fiat games?'

China has been the largest buyer of gold and has made BTC illegal.
Which governments have been going long BTC, and what are the wallet addresses?

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China just unbanned BTC. The thinking is they will turn very pro BTC soon.
Hong Kong just proposed following Trump's policy of reserve asset.

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Please provide sources. I'm not seeing this in the mainstream news

Not Coach Jimbo said:

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Bitcoin bounced when reports came out that they were considering (calling for) lowering interest rates... which is exactly what every decent crypto trader was expecting.

The money that piles in when that happens will be 'HUUUEUGE'. It will moonshot as long as the whole economy doesn't crater into recession first or during the rally.

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what difference does it make when the Fed Reserve drops their rate by a massive .25% ?

Not Coach Jimbo said:

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gabehcoud said:

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Not Coach Jimbo said:

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Do you own gold? Why? So you can do shady business off the books?

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I have some gold in my 401k. And I have bitcoin for the sole purpose of doing things the personal freedom loving state of Texas doesn't want me to do. I absolutely don't invest in bitcoin.

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Ahh I forget this is texags... obviously not used for investing.... just under the table payments for you secret deals... Coud, Gabe Coud, political man of mystery.

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I wonder who's sock it is?

tysker said:

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La Bamba said:

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USD is the best fiat game in town no doubt, but there is a lot of demand for a different game. Just look at the rate that some central banks are buying up gold. And BTC will be next as it's even better than gold.

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Who demands different 'fiat games?'

China has been the largest buyer of gold and has made BTC illegal.
Which governments have been going long BTC, and what are the wallet addresses?

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Not sure what their wallet address is but El Salvador is definitely long BTC. Argentina is working on adoption. Handy link that took 2 seconds to find on the interwebs:

https://www.chainalysis.com/blog/2023-global-crypto-adoption-index/

As far as China, their outlawing BTC is pretty easy to understand if you get BTC at all.

US government just moved $2B in BTC for a potential upcoming sale.

I had a theory that Biden would sell off the BTC before election to spite Trump after this weekend's announcement. Let's see if he does.

Germany is in the process of selling a sum of BTC totaling to $9 billion, and the price is still nearing ATH again. The Dems can try that all they want, but I think all it does is delay the inevitable.

Definitely Not A Cop said:

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Germany just sold $9 billion, and the price is still nearing ATH again a few weeks later. The Dems can try that all they want, but I think all it does is delay the inevitable.

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Not arguing that. Just watching the potential setup to see if the dems backstab the country yet again.

This guy at work keeps going on about his several bitcoin he bought when it was around $100

BTC blows past $90K