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The account of Elon's new political party is commenting on Saylor's Sunday orange dot post.
Sound money platform incoming?
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At some point during this cycle those from the class of 17 and the class of 21 got completely disconnected to the class of this cycle: We had already made some money. We had already made our wins. We forgot what it was like to turn $100 to $1000. It was cringe to write about how the small guy can utilise crypto to change their life circumstances. We forgot that making 5 figures is genuinely life changing. We ignored the constant 4 and 5 figure opportunities crypto was offering in the hunt to 2/3x our portfolio. If we focused on educating people on these opportunities that continuously arrive in crypto then we wouldn’t feel alienated from the new audience of people that we want in crypto. The meme guys sold them the dream that this was possible through pump fun coins. Thats why they all fell into the trap of instant gratification. In reality there has been a tonne of opportunities to make money from airdrops in crypto from protocols. We should embrace learning and experimenting again with the incentive of making money from it. If there’s no carrot dangling in front of people, there’s no reason for them to dive any deeper into crypto than just the “trenches”.
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ETHBTC creeping up again. Still maintaining a key structural level for more upside. Ever since the drop in May, it made a strong reversal and changed trends that hasn't been broken ever since yet. Personally think that if Bitcoin breaks it prior highs (which it will) we'll see a temporary halt to Ethereum outperformance again. Attention will shift mainly to Bitcoin again while it surges. But the days of heavy Ethereum underperformance are very likely over. It's visibly catching up right now. And more than that? It'll likely continue to retrace a solid portion of its downtrend from before. ETHBTC might not see prior all-time highs again but upside is there. $ETH
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Democrat Senators introduced a bill in June that would imposed Bitcoin-related sanctions on El Salvador President Nayib Bukele. HB 2058 would require the Secretary of State to issue a report on "Cryptocurrency as a vector for Bukele Regime Corruption." The report would include: - The amount of funds used by El Salvador to buy Bitcoin - El Salvador's Bitcoin addresses - Whether or not El Salvador has used Bitcoin to evade sanctions.
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At some point this chart should start creeping up from here which will create a selective and narrative driven altcoin pump. The reason why I'm not entirely sure which quarter it will happen is because this move is tied to Bitcoin's break of its prior highs. Every miniature altseason this cycle has been tied to Bitcoin expansive prior highs outbreak and this one will be no different. (the chart is defending this thesis as well) But if I had to a guess it's probably close after the summer chop which would be late Q3.
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Ben Werkman on the beef between Saylor and Jim Chanos: "Chanos thinks he is doing the same trade Saylor is doing [selling MSTR to buy Bitcoin], but historically this type of short position hasn't worked out all too well."
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