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dotkrueger
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"
Bitcoin
is the one asset class that is under-owned and is currently working"
-- Jordi Visser.
#BTC
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Visser makes the claim long rates going up benefits bitcoin. Normally I would disagree, but I can see his point. Bonds are toxic now. Trump will probably institute capital controls and allow the dollar to fall. In that world bonds are not a refuge. Bitcoin is a refuge. Quantum doesn’t matter here. What matters is not getting destroyed by macro forces. If you are a foreigner, you don’t want us assets. Bitcoin is a non us asset.
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Bitcoin is not necessarily forever, but it is a solid bet for the next 2 years. Beyond 2030, quantum is a very real threat.
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🚨🚨🚨BREAKING. NEWS FOX NEWS TRANSCRIPT OF FOREIGN BITCOIN TARIFFS. 13:45 UTC SAT, MAY 24. Fox News: Howard, you want tariffs… on Bitcoin? Howard Lutnick: Foreign Bitcoin, yeah. You mine it outside the U.S.? Pay a toll. Fox News: Why? Lutnick: Hashpower is control. You let China and Russia dominate mining? You’re asking for trouble. I want Bitcoin mined here—on U.S. soil, U.S. energy, U.S. rules. Fox News: Isn’t Bitcoin decentralized? Lutnick: Decentralized doesn’t mean we hand over the keys to Beijing. You want to protect the network? Bring the mining home. Fox News: How would it work? Lutnick: Exchanges already know where coins come from. You bring in foreign-mined Bitcoin? We slap a tariff on it. Fox News: That’s protectionism. Lutnick: No—that’s playing to win. We did it with steel, chips, energy. Bitcoin’s next. Fox News: Final word? Lutnick: Mined in America—or pay the price.
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What Happened since the ETF? 1. Bitcoin held in ETFS/funds and bitcoin treasuries has gone from 1MM BTC to 2.4MM.
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TRUMP WARNS 25% TARIFFS FOR ALL NEW BITCOIN IF NOT MINED IN US. TARIFF WILL BE ASSESSED ON ALL TX ORIGINATED FROM NON US MINERS POST BLOCK 898082
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