james22

What does your average USA Today reader think when they read this? https://www.usatoday.com/story/news/politics/elections/2024/07/28/donald-trump-crypto-bitcoin-2024/74578728007/

I expect the result of this bipartisan support for the industry to result in higher prices for BTC and potentially ETH. The floodgates are about to be flung wide open. BlackRock’s Larry Fink is positioned accordingly, are you? https://www.downtownjoshbrown.com/p/bitcoin-president

Exactly. Seven months ago you couldn't buy an ETF. The community (and market) was a little disappointed by the speech but with reflection they should realize how meaningful it was. Especially once they hear from someone outside the community who tuned in to see Trump and heard (positively) about BTC for maybe the first time.

I think it better reflects what Trump will end up doing by executive order. Selfishly I would have liked to hear him say it: Front running be damned, but it's better for the country he did not. (Says something about his chances that he feels he didn't have to.)

Trump: Existing US BTC holdings will form the core of a strategic reserve stockpile and not be sold. He did not promise to buy 1M BTC as rumored. Disappointing, but understandable. Otherwise very supportive.

Game Theory insists upon it.

For a long time I wished I'd wrestled in Middle and High School. Seeing how friends who did now suffer with bad knees and shoulders, I'm pretty happy I did not.

Would allow Fink to ensure his BTC swan song successful like nothing else. He'd be a historic figure if solves the debt crisis and stabilizes the dollar. And makes Blackrock indispensable.

Trump: And you ask Jamie Dimon, Jamie Dimon was, you know, very negative [on Bitcoin] and now all of a sudden he’s changed his tune a little bit. https://archive.ph/MfrmC/again?url=https://www.bloomberg.com/features/2024-trump-interview-transcript/#selection-7811.277-7811.402

Funny rant.

SEEING REPORTS LIKE THIS IN VARIOUS PLACES, NONE THAT I’D CALL AUTHORITATIVE: Stay tuned. Even if false, these reports probably mean something, if only an effort by rivals to underscore his age. https://instapundit.com/661142/

Ordered. Have you read Left of the Bang? Seems nicely complementary.

Ha. Ask me next year.

We'll see. Age 60, four years into retirement, dependent upon my portfolio, I'm only betting what I can afford to lose. But just seems like a unique opportunity. Not often a new asset class is created.