Ultimate Satoshi

Crypto is dead. Long live Bitcoin.

💬 According to Arthur Hayes, the Fed's new Reserve Management Program (RMP) purchases are nothing more than quantitative easing (QE) under a different name, quietly injecting liquidity into the system. He anticipates Bitcoin (BTC) to reach between $80,000 and $100,000 in the short term, with a potential target of $200,000 by 2026. This indirect money printing, he believes, will be a major catalyst for scarce assets like Bitcoin. He also indicates a rotation of ETH towards high-quality DeFi assets, betting on outperformance at the end of the cycle.

🇺🇸 In the United States, victims claim to have lost their entire savings at a supermarket using Bitcoin ATMs installed near the checkouts. A CNN investigation reveals what many employees describe: customers are being targeted by scammers and lured to these machines by phone. Some employees tried to intervene; one even reportedly begged a customer, telling her she was being scammed, but to no avail. According to some employees, store management is fully aware of these abuses. Despite these repeated warnings, the machines remained in place. The partnership with the operator was not suspended; the contract was even renewed. More than 150 cases of fraud linked to these crypto ATMs in Circle K stores have been recorded. These machines belong to Bitcoin Depot, the largest operator of crypto ATMs in the United States. But we must not target the wrong thing; cryptocurrency is not the heart of the problem here, it is social engineering and manipulation.

🎄🎁 A new study reveals that 24% of Americans plan to give Bitcoin or other cryptocurrencies as Christmas gifts this year. And you, do you plan to give them to your loved ones?

🇺🇸 A bipartisan bill has just been introduced in the US House of Representatives to reduce taxes on digital assets. Sponsored by Max Miller and Steven Horsford, the bill is called the Digital Asset Parity Act. The bill's key provision would exempt capital gains from taxes on stablecoin transactions under $200. The goal is to allow the use of stablecoins for everyday payments without creating disproportionate tax complexity for users. 🗞 theblock