However, Senator Lummis remains a steadfast proponent of the initiative. “A Strategic Bitcoin Reserve will allow the US to address a meaningful portion of our debt + strengthen our hand. See ‘Currency Wars’ for a good primer on the ‘stupid games, stupid prizes’ cycle we are in. Let’s break the cycle and refocus on a prosperous future for Americans,” Lummis stated on Thursday via X. She engaged with Anthony Scaramucci, founder of SkyBridge Capital and former White House Communications Director under Trump, who remarked, “Time to focus on something the market isn’t completely understanding: By the middle of next year if Sen. Lummis has her way the US will have a strategic Bitcoin Reserve. It will force other central banks to do the same. That would be monumental.” At press time, #BTC traded at $75,952

We're reading eachothers' thoughts here anon, You're literally reading my thoughts, I'm not speaking, you're not hearing me, you're reading my mind: And I'm grateful you're here 🙏 #Bitcoin attracts the best of the best. #damus

There are 10 assets in the world that have made it to 1 Trillion. Bitcoin was the fastest. Ride the fastest horse.

New all time high, 78K Bitches #bitcoin #nostr

❤️ Truth❤️ When I was a kid, my dad & I were regulars at sports bars (parents divorced at 6; we were broke! Many ThxGivings at AleHouse/QuarterDeck) Today, I went to a sports bar with the boys. $26 total & $5 Mai Tai. Life doesn’t get better w/ money. People make it better.

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⚠️ A recession may be closer than thought. ⚠️ #MarketCrash ✅ This chart should scare you. Investible cash is at record lows. (Most just pay attention to money market funds, but forget that those can include bank or corporate deposits - not available to "buy the dip.") ✅ AI is great, it increases product quality and human productivity. However, it's unlikely to be profitable "for years" (per Zuckerberg). Therefore, if the market corrects, we expect mega caps will SLASH CapEx spending plans instantaneously. That could destroy chip plays, accelerating a downturn. ✅ An accelerated market correction, amplified by election uncertainty and geopolitical/war risks, will lead to rapid joblessness. ✅ An accelerated market correction, amplified by election uncertainty and geopolitical/war risks, will lead to rapid joblessness. We fear the pain is JUST starting. What changed? Good news started turning into BAD news. This last happened in February of 2022 and the NASDAQ 100 lost 39% from peak. Powell going dovish AND great earnings this week leading to a selloff today is a sign of MAJOR derisking coming and it's not just today - it's the SAME issue we've seen since July 11th. It's just getting started sadly. ✅ Joblessness WHILE people lose their a$$ on the stock market between now and the election == SERIOUS, SERIOUS PAIN. Look, we'd rather be wrong. If the market goes up, fantastic. But we're starting to position with larger hedges or more cash to sit on the sidelines. We'll come back after the election, unless we're deep in a recession by then. ✅ We believe everyone should: ➡️ Raise cash. ➡️ Avoid small caps. ➡️ Increase your income while you still can. ➡️ Gain skills to make you unfirable. Maybe this is all just a fire drill. Maybe there's nothing. But we'd rather be safe than sorry. And none of this is personalized advice. Good luck. P.S. Fair disclaimer: I have positions in $BITI, $TNA, and $SQQQ to hedge longs. May need to haircut longs much more than thought. TBD :( :( :( #bitcoin #primal #finance

GDP Release! Stock Market Open Live & Crypto August 29, 2024 https://x.com/i/broadcasts/1BdGYELZykXGXs=46