Trump is fueling a crypto bubble that ‘could wreak havoc’ – Elliott

Religious leaders wield great power to make your life crap.

 

Some people seem to find solace in it. Not always for the right reasons. But even when they do, that does not validate it.

 

Good post, although I think this forecast is as speculative as the thing itself. Could be sooner, could be later. Time to get out the Ouija board.

 

Bitcoin will "Rival the U.S. Dollar" like Santa's sleigh rivals a Blackhawk Helicopter?

 

I agree. Even so, never underestimate the stupidity of people and the proximity of tipping points. After all, who thought Trump would win again when he announced he would run again? And yet...

 

Doge is obviously King!!!

 

And then you have mstr issuing more Preferred stock on friday to buy even more bitcoin....


Gotta love the bubble of all bubbles.

Talking to a guy the other day who said bitcoin cannot fall below 90k. He said according to his charts bitcoin will never fall below 90k again...i had to have him repeat that for a good laugh!!!

 

Exactly what I am referring to. You look at tokens and others look several layers deeper.

 

It's just a modern financial asset class which doesn't have an affect on PPI/CPI other than just the wealth effect.

It's been legitimized with with futures contracts and CBOE options using bitcoin ETF's as it's underlying.

 

Even if you assume Bitcoin will 'finally' go to zero ("It's different this time, ehh.."). One must also realize that while Biden weaponized the US dollar making sure even US' allies were trying to dump US bonds, and ensuring BRICs only gets stronger and at a rapid pace... Trump also is doing everything he can to stop nations from exiting the greenback as the world's reserve currency. This is exact opposite to Biden's disaster.

Can Trump do it? Possibly... Dalio's thesis on the US downfall may be postponed for a few more decades. Though again, on yet the other side, the stronger Trump keeps reinforcing the US dollar, and doing tariffs to limit the national debt crisis, the less pressure there is on its citizens to chase after Bitcoin.

The interesting thing, is for what seems to be the first time in ages, we finally have a US president talking about the US debt crisis. Most politicians don't care and only want to win their term of office, then kick the can down the road for someone else to clean up. Sadly, it's usually a much bigger problem by that point.