Bitcoin

[fmyth]

Surprised there has been no discussion of the recently announced Crypto Strategic Reserve which, if you aren't aware, will (would) involve the federal government buying (and selling?) cryptocurrencies. There were 5 cryptocurrencies on the initial announcement:

Bitcoin
Ethereum
XRP
Solana
Cardano

They were listed on the announcement in that order. No idea if that is an order of priority, popularity or otherwise. Whether by happenstance, a bit of luck and/or closely following the speculation of this announcement, I'm holding all 5 with allocations split up in a manner that matches this announced order: pretty much equal amounts of Bitcoin and Ethereum, but I've been buying XRP the most frequently for the last 3 months. I've been sitting on small amount of Solana and Cardano for 5+ years without any recent purchases, but that may change. Especially Cardano since its so cheap.

Of course, with all things Trump related, I have a number of concerns about one huge grift or pump and dump strategy so I'm going to remain a bit cautious and you should, too. If this turns out to be legitimate, this could definitely spur other world governments and even state governments to follow suit.

So, what's your strategy here? Are you diversified? Will you diversify? or is Bitcoin your one and only?

I'm a long time holder of BTC, ETH, SOL and XRP. I dumped Cardano last year. I think that only BTC makes it into the Crypto Strategic Reserve. BTC is 90% of my crypto portfolio.

 

[Poser]

I'm a long time holder of BTC, ETH, SOL and XRP. I dumped Cardano last year. I think that only BTC makes it into the Crypto Strategic Reserve. BTC is 90% of my crypto portfolio.

What are your thoughts on the "follow the money" component of Trump's personal crypto holdings as well as World Liberty Financial's significant holdings of Ethereum compared to Bitcoin? They also hold a lot of LINK.

 

[D S 319]

Brad Garlinghouse, the CEO of Ripple (XRP) is on the confirmed list. the co founder of Chain Link is also showing as confirmed.

The unconfirmed list is showing the co-founder of ethereum as well as the co-founder of Solana.
The cofounder of Circle and the CEO of Tether are also currently unconfirmed.

Yeah you’re right and I see you mention why those folks might be there cause he owns a lot of their stuff. Him putting those coins into it would essentially be a bailout IMO.

 

[MountainTracker]

Sent from my iPhone using Tapatalk

 

[fmyth]

What are your thoughts on the "follow the money" component of Trump's personal crypto holdings as well as World Liberty Financial's significant holdings of Ethereum compared to Bitcoin? They also hold a lot of LINK.

World Liberty Fund is a Defi business startup so of course its largest holding would be ETH, the native coin of Ethereum, the baselayer blockchain network they have chosen to power their decentralized finance applications. They have also purchased a large amount of other Defi cryptos including WNTC, AAVE, LINK, TRX, and ENA which are all financial services utility coins.



According to the project, World Liberty Financial’s mission is to “Make crypto and America great by driving the mass adoption of stablecoins and decentralized finance.” The project’s goal is to ensure the dominance of U.S.-pegged stablecoins, where these will remain the world’s settlement layer for the coming century, just like how the U.S. dollar has been the cornerstone of global finance.


World Liberty Financial has not launched yet, but current developments suggest that the project will first launch as an Aave V3 instance. This means that World Liberty Financial will first launch as a marketplace for borrowing and lending cryptocurrencies utilizing Aave’s infrastructure, sharing protocol revenue with the Aave Decentralized Autonomous Organization (DAO). "

 

[fmyth]

Texas Strategic Bitcoin Reserve legislation SB 21 PASSES the Senate! Now only waiting on the Governors signature to be implemented. Texas is front running the US BTC Strategic reserve.

 

[Poser]

Texas Strategic Bitcoin Reserve legislation SB 21 PASSES the Senate! Now only waiting on the Governors signature to be implemented. Texas is front running the US BTC Strategic reserve.

Interesting. This dip has been making me a bit anxious, but I've been buying almost every day and Bitcoin seems to have held critical resistance. It crazy to think that, even just a year ago, we would be talking about 80-93k as the buy zone.