🚩 Remember when they said Bitcoin is a highly volatile asse | Professor Mende - Bonuz Ecosystem Founder on Binance Square

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🚩 Remember when they said Bitcoin is a highly volatile asset?
😮‍💨 Thank god inflation, national debt and reckless money printing aren't a thing.
Do you think BTC will become "THE global currency"?
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Trump's 8 Crypto Promises For The 2024 Election! 1. Ending the “Anti-Crypto Crusade”: Trump claims he’ll put an end to what he calls Biden’s anti-crypto stance, emphasizing a right to Bitcoin mining and self-custody. He even vowed to end any plans for a US central bank digital currency. 2. “Bitcoin Made in the USA”: Trump wants to position the US as the top Bitcoin mining nation. While promoting domestic mining could bolster the energy sector and job market, centralizing BTC mining contradicts the core principle of decentralization. 3. Paying Off National Debt with Bitcoin: Trump floated the idea of using crypto to tackle the $35 trillion national debt, sparking mixed reactions. While some experts see potential in creating a national BTC reserve, they question the practicality and political feasibility. 4. A Strategic Bitcoin Reserve: Trump’s push for a national BTC stockpile aligns with existing proposals, like Senator Cynthia Lummis’s bill to build a strategic Bitcoin fund. 5. Firing SEC Chair Gary Gensler: The promise to fire SEC Chair Gary Gensler “on day one” appeals to an industry frustrated with regulation by enforcement. However, dismissing Gensler requires proving inefficiency or neglect and could take months or even over a year. 6. Creating a Crypto Advisory Council: One of Trump’s most significant commitments is forming a pro-crypto presidential advisory committee to draft precise, industry-friendly regulations within 100 days. 7. Self-Custody Rights: Enshrining the right to crypto self-custody could resonate well, especially following Senator Ted Budd’s proposed Keep Your Coins Act, which seeks to protect Americans’ rights to hold and transact through self-hosted wallets. 8. Clemency for Ross Ulbricht: Trump promised to commute the sentence of Ross Ulbricht, creator of the Silk Road, arguing that 11 years behind bars is enough. Follow @Professor Mende - Bonuz Ecosystem Founder for more! #Elections2024 #DonaldTrump #Trump #SEC #CryptoMarketNews $BTC $PEPE $SHIB

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🚨 US Federal Reserve Thinking About A BITCOIN BAN? A paper published on the Minneapolis Fed’s website suggests that assets like Bitcoin could push the US into a "balanced budget trap," challenging perpetual deficit spending. The paper proposes a drastic solution: ban or tax Bitcoin to enable ongoing deficit policies. This idea triggered alarm and skepticism in the crypto world, underscoring BTC’s potential as a counterbalance to unchecked fiscal practices. BTC’s decentralized nature acts as a "release valve" against currency debasement. If people sense their dollar assets depreciating, they might flock to alternatives like BTC, complicating a government's ability to sustain permanent deficits. Economist Daniel Lacalle finds this ironic: “It shows BTC protects against debasement, yet they’d rather suppress it than address the real fiscal issue.” Though the idea might sound dystopian, some experts believe it’s possible for governments to curb BTC's influence by attacking its network effect—implementing laws that penalize acceptance and usage. But as William Luther and Joshua Hendrickson suggest, banning Bitcoin effectively would require unprecedented measures that most democratic nations shy away from, like restricting all foreign currencies and assets. This thought experiment underscores BTC's role as more than a speculative asset; it symbolizes fiscal freedom and resistance to monetary manipulation. Analyst Matthew Le Merle summed it up: “Bitcoin isn’t the problem; reckless spending is.” The conversation around BTC and deficit spending hints at potential resistance the crypto community might face. “Bitcoin constrains governments by offering an external option,” says Luther. Will future policies attempt to quell that option? The debate rages on. Stay aware with @Professor Mende - Bonuz Ecosystem Founder and HODL Bitcoin! By the people, for the people! #Bitcoin #BTC #Bitcoinban #Bitcoinprice #FederalReserve $BTC

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🗳️ $426,000,000 - That's How Much The SEC Under Gensler Cost Crypto Firms The Blockchain Association (BA) reports that the SEC's aggressive approach under Gary Gensler has cost crypto companies at least $426 million in legal defense since 2021. The SEC's 104 enforcement cases from 2021 to 2023, targeting industry heavyweights like Binance, Ripple, and Coinbase, spotlight a "regulation by enforcement" agenda that many see as stifling innovation. Beyond the litigation costs, the BA highlighted the deeper consequences: lost jobs, hindered innovation, and stunted U.S. tech investment. With the 2024 U.S. election fast approaching, the BA urges crypto voters—18% of the electorate—to back leaders who champion digital asset innovation. Both sides of the political spectrum could shift the SEC's future. Donald Trump pledges to dismiss Gensler if elected, while Kamala Harris reportedly considers replacements, signaling potential policy changes. The outcome could redefine crypto’s regulatory landscape as Election Day (Nov. 5) looms. Follow @Professor Mende - Bonuz Ecosystem Founder to stay updated! #Elections2024 #SEC #DonaldTrump #KamalaHarris #GaryGensler $BTC $ETH $SOL

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🚨 READ THIS: Why $BTC Might Hit $174K–$462K! Bitcoin just closed its highest-ever three-day candle at $72,724, igniting talk of a major bull cycle. A historically reliable BTC indicator hints at an unprecedented peak between $174,000 and $462,000 within the next 24 months. Past price tops have often aligned with the 1.618 to 2.272 Fibonacci retracement levels, and under this setup, potential cycle highs are projected at $173K (1.618 Fib) and $458K (2.272 Fib). Historical Trends & Fibonacci Precision Bitcoin's past cycle tops (2013, 2018, and 2021) consistently aligned near these Fib levels, albeit with diminishing returns. The 2021 peak at $69,800 even fell just under the 1.618 Fib, indicating a trend of decreasing cycle gains. Key Price Levels Ahead BTC breaking out of its seven-month consolidation signals potential new all-time highs. But the critical mark for bulls to watch is $86,200, according to Bitcoin researcher Axel Adler Jr. This level previously triggered profit-taking and temporary peaks. Surpassing it with strong momentum could set off an exponential rally akin to 2021’s price discovery phase. The Bull’s Fate: $86,200 Decision Point Adler notes that crossing $86,200 might confirm the start of a meteoric climb. Without surpassing it, BTC could stall within a high-risk zone where short-term holders historically cash out. Will BTC follow historical Fib trends, or is a new pattern emerging? All eyes on $86K for signs of the next leg up. Stay tuned with @Professor Mende - Bonuz Ecosystem Founder as Bitcoin flirts with groundbreaking highs and tests the strength of this bullish cycle! #Bitcoin #BTC #BitcoinPrice #PricePrediction #CryptoMarketNews

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