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JUST IN: 🇺🇸 Do Kwon pleads not guilty to US fraud charges over $40 billion Terra collapse.
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Rumble CEO says, “On Friday, Rumble made its first Bitcoin purchase—and it won’t be the last.” 🙌
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The big questions hanging over crypto for months has been... Is Trump really pro crypto? Is the Bitcoin strategic reserve really happening? Was he lying to get the crypto vote? Well, yesterday he proved he is all in on crypto. I don't see how we don't get the strategic reserve. We thought crypto was already big. This industry is nothing compared to what it becomes when it has the full force of the US government behind it. Love or hate Trump, we all know he is going to go all out pumping his own bags. And that is good for all of us.
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Yes, TRUMP token is decimating alts by sucking liquidity from alts. Yes, not thing like this has ever happend before at this scale. Yes, crypto has changed forever. Yes, alt season is canceled, for now. Yes, it sucks that most of my bags are down. But the silver lining... Millions of new eyes are on crypto today. Millions. All this fresh capital will be redistributed eventually back into other alts. This is very British analogy but it's like when a new pub opens in town... It gets all the attention for a few weeks, other pubs suffer, then people eventually flow back to their fav pub. I think alts bounce back and it will be greater than ever before because there are heaps more people in crypto now.
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I have been wondering what happens if Trump becomes president and never mentions crypto again? It was a real risk. I would have rekt the market. Then he releases a memecoin 2 days before he becomes president. It's pretty clear now that Trump intends to keep his crypto promises. Crypto changes forever in a few days.
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Imagine getting rugged by your president😅
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