Bitcoin To $200K? The White House's Rocket Ship Moment

“The most snoozed, I e muted topic since launching the snooze feature, number one, crypto. Number two, politics. Number three, Iran conflict. I mean, I guess this shouldn't surprise us because anecdotally, we all know that crypto Twitter is slowly dying. We thought it was the algorithm killing us, but the reality is, like, the people just don't care. We can see that in numbers all over the place. Right? I mean, retails have been selling their Bitcoin. There is no altcoin market. In the meantime, of course, institutions have been buying, so I do believe that certainly for Bitcoin, this is a buying opportunity. But you don't have to look far to see evidence that most people in crypto have washed out.”

“So we had this World Liberty Financial story, obviously. Trump backed World Liberty Financial races towards 62,000,000,000 token unlock with near unanimous vote. Also introduces vesting for 40,700,000,000 insider tokens. Okay. So, like, we talked about this yesterday. You probably saw World Liberty Financial here did a governance vote. And in that governance vote, they basically one wallet held 13% of all the votes. Four wallets held 40. If you go up to 10 or 20 wallets, it was the whole vote. So they're advertising that 99.5% of the people agreed. Right? But almost nobody voted, and your options were get vesting or never vest and never get your tokens.”

“Jane Street recorded record profits this year. They doled out 9,380,000,000 in comp, double 2024. And people in crypto deeply believe that they would risk all this to commit a crime in broad daylight to manipulate Bitcoin price. So listen. This is like they destroy even Goldman Sachs. This is the most successful firm on Wall Street. And if they were manipulating the price of Bitcoin for some reason at 10AM every single day, it was literally in broad daylight and would be a massive crime. That's how hard, Bitcoin people and crypto people right now are trying to cope to find an excuse for why prices would possibly be down.”

“Second, it was noted that institutional companies are now adopting public networks instead of private blockchains. I find that one actually really, really interesting. I've been talking on the daily wolf about how many stablecoins have been choosing Solana over the past few weeks. Meta is doing theirs on Solana and Polygon. Western Union doing theirs on Solana. Of course, p y USD. PUSD from PayPal is on Ethereum. But, it is interesting that you're not seeing this happening on PayPal chain. Right? Now there are circles launching their own chain. Stripe has Tempo. We've seen announcements there as well. So we are going to see private chains trying to capture this, but we are seeing a lot on public chains that could be good for our beloved tokens.”

“Crypto card spending surges 500% since September 2024. That was a very arbitrary date to choose in my opinion when I looked at the data, but they are up massively. No question. With Stablecoin linked cards among the fastest growing segments and Visa capturing roughly 90% of transactions. So what you have here is people all over the world getting effectively a debit card that's backed by stablecoins that they put into that card, and they go and spend those, like, dollars rather than on credit. And that's all mostly powered on the back end by Visa. These are coming insanely popular all over the world, which makes a lot of sense. Right? If you live almost anywhere in the world, you'd rather have dollars than whatever your local currency is.”

“PayPal restructures into three core units with crypto and payments now a stand alone division. Think about what that means. Right? I mean, this is PayPal Crypto is a comp crypto is a is a technology that eats their lunch. Right? I mean, PayPal is a company that has a competing technology and is in a blockbuster to Netflix situation where it's adopt or die. Now they've been adopting crypto for a long time to their credit. They were far ahead with offering crypto related services, crypto payments, a stablecoin called PSD. Right? And so now they've created an entire division. I would bank on the fact that in five years, this will be the only division. I I think the real reality here when you look at all the stablecoin news is that this is just the way that people are going to transact.”