βI like how they broke it down in this post. Asset owners will be the only winner long-term if we see inflation skyrocket. And so this has really given Trump an ultimatum. Trump, in my opinion, is at a crossroads.β
βAnd if we do see a severe escalation over this holiday weekend, remember this is a holiday weekend. It's gonna be low liquidity, extra volatility. Bitcoin might lose this range.β
DOJ drops criminal probe against Fed Chair Jerome Powell
βJerome Powell's in the news. US Department of Justice have now dropped its criminal probe of Fed Chair Powell. This is something I'm actually in favor of. I'm not the biggest fan of Jerome Powell, but to assume Jerome Powell's gonna know if a contractor's ripping him off on plumbing seemed a little far fetched to me. I don't think he was in charge of the the management of the construction of a building. I think he was more concerned about policy decisions, not construction decisions.β
Avis stock crashed 76% in two days after short squeeze
βLook at this meme coin. Look at this meme coin. What if I told you it's a traditional stock of one of the largest companies out there in its space at least? This is Avis. Avis, the car company, the car rental company. This was a short squeeze. A couple hedge funds corner the market here, and there was it was one of those classic situations. There's, like, more floating shares than there's real shares. Short squeezed up, and now it's just the correction. It became worth more than all the other car rental companies combined.β
βNow, one thing you're going to see is you'll see CPI in oil. They really move in tandem. They kind of move in lockstep here. And if you wait till the end, we're about to have a major spike in the chart. You can see it right here, but the CPI inflation hasn't caught up with that major spike in oil prices yet.β
Polymarket trader scammed weather sensor with hairdryer for $36K
βIt literally was a hairdryer. It literally was a hairdryer. They've charged the guy. I mean, you could see a barbed wire fence. So, I mean, there's some sort of security protocols in place here. I'm not sure how much, but he made $36,000 by walking up to the weather sensor. It was a unguarded thermometer near a Paris airport runway. He just pointed a hairdryer at it, entered in with two k, and almost did, basically, a 15 x there.β
Trump compares the soldier's bets to Pete Rose scandal
βThat's like Pete Rose betting on his own team. It's a little like Pete Rose. Pete Rose had kept him out of the hall of fame because he bet on his own team. Now if he bet against his team, that would be no good, but he bet on his own team. I'll look into it.β
Inflation crushes middle class through housing and mortgage costs
βThe real discourse and the reason why the dollar sucks so much and the reason why you have such hyper bias between political parties on a middle class and lower class level is because they're printing your dollar at an exponential rate, and you're losing buying power. So in 2022 when you bought a $600,000 house. Your interest rate made it so that it was a $2,000 payment. Now that same house is appreciated on average up to about $800,000, and your mortgage payment is now $5,000. So people are getting hurt. Their quality of life is diminishing if they're not outpacing this inflationary uptick.β
Bitcoin and dollar correlation hits most negative in four years
βBitcoin and dollar near in near perfect opposition. It hasn't been this extreme in almost four years. So for traders for Bitcoin traders, the direction of the DXY, this is the dollar index. The thirty day correlation here between the dollar and Bitcoin is now negative point nine. It's the most negative reading since September 22. A below zero reading indicates inverse relationship. So that means when the dollar weakens, Bitcoin gains and vice versa.β
Soldier arrested for insider trading on Maduro capture bets
βHis name is Gannon Ken Van Dyke, and he allegedly made more than 400 k trading on Polymarket on the basis of classified info regarding the timing of The US military operation to capture Venezuelan president Nicolas Maduro. He tried to cover his tracks after making the bets by sending most of the gains to a foreign crypto account, and he even asked Polymarket to delete his account. He's 38 years old, and he was stationed at Fort Bragg in North Carolina.β
DeFi cascade could trigger final Bitcoin capitulation candle
βA DeFi cascade could be the linchpin that causes that final capitulation candle. And just to back up to what I said yesterday, that final capitulation from FTX was about a 25% candle to the downside in a singular week. And if we keep cooking, and it looks like we got some juice to keep cooking, I actually think that we're gonna be tapping around the 80, maybe $81,000 range, and a 25% move brings you smack dab back down to $60,000, creating a double bottom party time back on.β
βAnd if you go to Polymarket, you're going to see the odds for boots on the ground. And this is looking at the month of April. And we can check on the daily. And then if you go to the weekly, you could even see a major, major spike here. We are seeing some increased odds that we're going to see boots on the ground this month in April.β
βNow, if you asked me 12 hours ago, yeah, I still think Bitcoin is heading to 80K, but boots on the ground is going to put dampening effect on everything, except for oil, like I was saying. So we might see Bitcoin visit into the high 50s, low 60s sooner rather than later.β