June 26, Boss's Market Record
1) Trump Explicitly 'Harvesting' Investors
Last night, Trump's erratic speech once again showed us how unreliable this guy is. In one breath, he says the conflict between Israel and Iran has ended, and the market surges; in the next breath, he says the conflict may soon erupt again, and the market plummets.
In one breath, he states there is no need to reach an agreement with Iran, and the market drops; then he mentions talks with Iran scheduled for next week, and the market skyrockets.
There are not many who can toy with people like this, but he definitely counts as one. Also, do not make any trades based on the Israel-Iran war; both countries have issues, and trusting their words is less reliable than buying a lottery ticket.
2) Cryptocurrency May Become Mortgage Collateral
The US housing regulators announced they will study whether to allow cryptocurrency as mortgage collateral. If the policy is implemented, it could change how Fannie Mae and Freddie Mac assess borrower wealth. Moreover, FHFA Director Bill Pulte himself holds Bitcoin and other crypto assets.
Once the news broke, on-chain memes and various 'house' concepts emerged, showing that people are still quite sensitive. Terms like 'fathouse', 'chillhouse', etc., suddenly became popular. If the policy passes, then cryptocurrency becoming legal property that can be used as collateral for loans is not far off.
3) 'Shitcoin Season' Replaced by Stock Market 'Shitcoin Season'
The exchanges are still more red than green, and the market has faded a bit, but recently the 'crypto shitcoins' in the stock market are skyrocketing. Yesterday, Guotai Junan surged, and today it opened straight at 7 yuan. Haskey's $HSK token tripled from the bottom after the spike at Guotai Junan.
I don't know what to say; we hope that the funds from the US stock market flow into web3, but why does it feel like the funds from web3 are flowing back into the stock market?
4) Bitcoin Market Analysis
The 4-hour chart of Bitcoin remains healthy, currently sprinting towards $110,000. Public companies are scrambling to buy Bitcoin, and every dip is a good time to enter. If it can effectively stabilize above the $110,000 mark, then the market may resume its upward trend, with a focus on public chains and new coin opportunities.
Continuing to exercise today🏋️♀️
Feeling great!
