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Senator Cynthia Lummis announces legislation for a Strategic #Bitcoin Reserve for the USA 🤯

HERE YOU GO 🚀

🇺🇸 Summary of Donald Trump's speech at the 2024 Bitcoin Conference:

• On the first day, I will fire Gary Gensler and appoint a new chairman of the SEC.

• If elected, I will create a strategic national stock of Bitcoins in the USA.

• The US government will become a Bitcoin holder and will NOT sell any of the coins it owns.

• Bitcoin is mathematically tuned for growth.

• Never sell your Bitcoins!

• The market capitalization of Bitcoin is likely to exceed the market capitalization of gold.

• I confirm my promise to commute Ross Ulbricht's sentence.

• As long as I am president of the United States, there will never be a central bank digital currency.

• Bitcoin and cryptocurrencies will skyrocket like never before if I'm elected president.

• Bitcoin does not threaten the dollar, the dollar is threatened by the current US government.

• The United States will become the cryptocurrency capital of the planet and the global bitcoin superpower.

• Bitcoin means freedom, sovereignty and independence from government coercion and control.

• I promise the crypto community that the day I take the oath of office, Joe Biden and Kamala Harris' crusade against cryptocurrencies will end.

A few hours before Trump's speech at the Bitcoin conference, Bitcoin has already shot up to 69,000.

US presidential candidate Robert F. Kennedy Jr. says he will sign an executive order requiring the US to buy 550 Bitcoin per day until it creates a reserve of 4 million BTC if elected president.

Franklin Templeton has partnered with Japan's SBI Holdings to launch a Bitcoin ETF.

The Michigan State Pension Fund bought $6.6 million worth of Bitcoins.

Grayscale is nothing new.

Converted Bitcoin Trust to spot bitcoin etf? It is urgent to drain everything down to the last coin.

Converted Ethereum Trust to spot Ethereum etf? Urgent sell!

Grayscale is preparing to sell another 110,867 Ether.

Mt Gox lenders using Bitstamp received BTC in their wallets today, but the exchange disabled many of them from both withdrawals and the ability to sell.

American CEOs are selling shares at the fastest rate in the last 10 years.

On Mount Lure (Alpes, Haute-Provence), 17 hectares of forest were cut down for solar panels.

This is "green energy". Electric cars are approximately from the same opera (so far).

Mt.Gox reserves decreased by 66% (-94,458 BTC). Since the start of the distribution of coins, the price of Bitcoin has increased from 55 thousand dollars to 66 thousand dollars. The market quickly absorbed this story.

Robert F. Kennedy Jr. announces that he will force the United States to buy $615 billion worth of Bitcoins if he is elected.

The Magnificent Seven have lost another $500 BILLION in market capitalization since the stock market opened today.

As a result, the two-day losses of the "Magnificent Seven" amount to more than 1.1 TRILLION dollars.

In other words, the Magnificent Seven just lost almost DOUBLE the Tesla $TSLA market capitalization in 2 days.

Jersey City (New Jersey, USA) will buy Bitcoin as a reserve asset for the city's pension fund, says the city's mayor😎

No matter what, Bitcoin whales bought this month
358,000 BTC, which is approximately 23 billion dollars.

However, there are positive data on US GDP (q/q) (2nd quarter):

Fact: 2.8%
Forecast: 2.0%
Prev.: 1.4%

Over the past 24 hours, the Bitcoin crypto and the cryptocurrency market have fallen.

Reasons:

1) The collapse of the US stock market, which lost $1.1 trillion due to bad quarterly reports from Tesla and Google.

2) Capital outflow from newly minted spot Ethereum ETFs in the amount of $133 million (our song is good from the beginning).

3) Mt.Gox FUD, people are still afraid of large-scale sales. In the last 24 hours, MtGox transferred more than $2 billion in BTC to the Bitstamp exchange in the last 24 hours as part of payments to creditors.

Revolut Granted UK Banking License After 3-Year Regulatory Process
London-based fintech firm Revolut has been granted a banking license in the United Kingdom after navigating a complex three-year approval journey.
The UK’s Prudential Regulation Authority, albeit with certain constraints, greenlit the license, enabling Revolut to gradually expand its banking activities before a full-fledged rollout, the firm said in a Thursday blog post.
“We are incredibly proud to reach this important milestone in the journey of the company and we will ensure we deliver on making Revolut the bank of choice for UK customers,” Revolut CEO Nik Storonsky said.

According to Fidelity, by 2038, one bitcoin could be worth $1 billion.