US President Trump is making friends in the cryptosphere!
Here is the situation – Trump is all in on crypto. World Liberty Financial (WLF) is working on its own USD-backed stablecoin – and Trump is handing out pardons across the board.
Biden and Gens…wait…what was his name again?
Gens…something. The SEC guy. Anyway those losers are long gone and now Big Daddy Trump is pimp-slapping the anti-crypto squad right across the face.
Thankfully the USA isn’t Iran or North Korea – yet – so Biden and his crew won’t face no-casket funerals. Yet.
We knew Trump would be good for crypto. We didn’t expect him to do so much, so soon.
With the USA going full-tilt into cryptocurrency – we think another bubble is on the horizon…
Who Pissed This Guy Off?
Hey snowflakes – you feel safe now?
No more safe spaces. No more coddling. The hammer is coming down.
If you’re feeling triggered – talk to state security – they carry weapons with triggers!
It looks like President Trump is more than cleaning the Federal “house” in the USA.
McTrumper is burning the house down!
Everything that was done under “Biden” was just undone in a matter of months. Four years down the drain for whoever was running that dog and pony show.
In addition to ripping apart existing anti-crypto policy in the USA, McTrumper is pardoning everyone but SBF. BitMEX co-founders Arthur Hayes, Samuel Reed and Benjamin Delo all received full McTrumper pardons.
We think Trump is looking for business opportunities – and people who will help him grow into the next boom market – crypto!
Fascism!
For anyone that forgot – fascism isn’t necessarily violent – ask anyone in Norway.
Fascism was originally used in the 1930s to unify state and private interests with violence – at every level. Norway didn’t do this BTW – they learned from earlier mistakes and gave away loads of cash.
Always take the silver – forget the lead!
One could be forgiven for thinking Trump&Co. are taking a few pages from the 1930s fascist playbook – and aligning the state with private interests. Namely – the President’s business interests.
Now that Arthur Hayes, Samuel Reed and Benjamin Delo are all free – thanks to McTrumper – they are all more than likely to work with WLF in whatever capacity the company desires.
Don’t look down on them – we would take the same deal!
In fact – the high profile pardons from McTrumper have the punters moving.
No less a charlatan than Jim Cramer thinks SBF will be the next crypto felon to get the tap. We are not so sure. SBF seems like a low value asset at this point.
And never forget:
A total hack. At least as an analyst.
If you look at Cramer as a Wall St. sell-side marketer without ethics of any sort – his brilliance stands alone.
No, we think President Trump has something much larger brewing. It will be worth trillions of USD, and it will be global.
Long Live Liberty
We go on and on about how cryptos are never going to be money (at least anytime soon).
Take at look here for more on that:
OpEd: It’s Time To Get Over Bitcoin Already! Decentralization to Wall Street
Stablecoins are money. And most are USD based.
The use of stablecoins is screaming higher. While the total amount (market cap) of stablecoins isn’t impressive, their overall volume is incredible.
According to the WEF:
“The use of stablecoins has increased in recent years with the average supply of stablecoins in circulation increasing roughly 28% year-over-year. Total transfer volume, meanwhile, hit $27.6 trillion last year, surpassing the combined volume of Visa and Mastercard transactions in 2024.”
Impressive!
Make NO mistake – Trump&Co. want in on the action.
WLF is already planning to issue its own stablecoin (USD1) – and the US Dems are furious. The US opposition says that USD1 poses huge risks to the US financial system – yeah right!
Did something really bad happen to the US Military?
Nope. So don’t worry about the USD or the rest of the crap the West calls a financial system.
Trump&Co. are also planning to work with Crypto.com on investment products that could take the form of ETFs. We think the potential market for these products is much larger than the USA.
BTW – the SEC just dropped its investigation into Crypto.com. Great timing…
What’s He Building In There?
The Trump-era crypto policy shift is welcome – but we wonder what Trump&Co. have planned.
Clearly Trump wants into crypto in a big way. He is setting up the pieces for a big move into new crypto products – with his interests at the center of his policy moves.
Trump sees that stablecoins are a way to shore up demand for the USD, and finance the next generation of USG borrowing. With global access to the USD market – there is no limit to how much the USG can expand its market size.
Here’s the issue. Unlike the USD cash market – all stablecoin transactions are recorded on a blockchain. Total data oversight is here.
We have zero doubt that Trump wants to make big money on the shift to blockchain-based assets. But we think there is a security angle here too.
More on that here:
OpEd: Data, Power, and Control: The Hidden Dangers of Government Blockchain Implementation
It is a perfect fit for Trump – money and power!
Reality Is Painful!
If you want to use common sense around here – don’t bother. It won’t help.
There are two major themes you need to understand going forward:
1. The US Financial system can be the epicenter of a global collapse – and the USD/bond market will thrive (it happened in 2008-9 – and will happen again).
2. Corruption is king. It will rarely be prosecuted – and in most cases – the more corrupt you are, the higher you rise (take a look at the USG).
Welcome to the other side of the looking glass – Alice. What a pretty dress you have on today.
It isn’t about any kind of colored pill – black, white, red, whatever color you like – it’s about reality. Your stupid as f#^k opinions don’t matter. No one with power cares.
Identity politics is the opiate of the masses. If you think we are wrong – go find a safe space circa 2015. It is a big hustle – and it is growing more brazen by the day.
Just so everyone knows – we don’t mind what McTrumper and Musk et al. are doing in the cryptosphere. We worry about what they are building.