Results for "no bitcoin reserve"

I saw this post from Brian Chau: I Was Wrong About Trump’s Tariff Strategy The evening of April 1st, an editor and I were working on the finishing touches on an article about Trump’s tariff strategy. “Keep updated with what happens with the tariffs,” one late-night message read. The next morning, Trump blew… pic.twitter.com/UL93eXTopM —… Continue reading Trump Tariffs, take 3: Why the economic fallout will not be that bad

How did I know Trump would waffle on the reserve when everyone else was certain it would happen, only to be wrong? From my Jan 7th post a month ago, I observed that Trump hadn’t actually spoken or tweeted about the reserve, or about crypto at all. This was a negative development unbeknownst to everyone… Continue reading How I Knew there Would be No Reserve + Bonus Math Problem

The big story this weekend are the Trump tariffs. As to be expected the sensationist media is predicting the typical doom and gloom. Similar to Trump’s first tariffs during 2017, I am predicting these latest tariffs will only have a limited negative effect on the stock market, the overall US economy, or on inflation. Any… Continue reading Trump Tariffs a ‘nothing burger’

I am net bearish on Bitcoin and using it as a hedge against my leveraged tech portfolio. This method has done great since late 2022 even though the price of Bitcoin has appreciated considerably. Shorting bitcoin also worked great as a hedge last Friday when it fell from $104k to $102k in a flat overall… Continue reading Bitcoin weak again as I am right

It looks like I was right , here, here, and here, about no Bitcoin reserve. Trump instead signed an executive order for the ironically-titled “working group” to investigate the creation of a crypto stockpile that will arrive at a decision within 180 days: To do this, Trump has set up a working group that will… Continue reading Trump Punts on the Bitcoin Reserve–Right Again

Regarding the Trump crypto reserve, that too is setting up to be a major disappointment. I contemplated increasing my Polymarket bet against the Bitcoin reserve happening, but the terms of the contract are not clear enough. A ‘Bitcoin reserve’ can mean many things, and when a lot of money is at stake I want to… Continue reading Trump crypto reserve setting up for disappointment

1. Interesting tweet: you know what Billionaire Patrons love? demonstrated competence in building towards goals they care about you want someone’s megaphone? be usefulhttps://t.co/vkfNWVNrV6 — TracingWoodgrains (@tracewoodgrains) January 16, 2025 @TheRealZBlog is correct. Trace sorta comes off as smug here by saying right-wingers are coping. Rufo benefited from huge branding by being backed by wealthy… Continue reading The Daily View: 1/1/7/2025: Merit and Punditry, Trump Crypto Reserve, Coca-Cola, the LSATs

I am rolling some of my Bitcoin short profits today into additional “NO” contracts at 30-34 cents on Polymarket for Will Trump create Bitcoin reserve in first 100 days? A 30% return in 3 months works out to an effective 190% annual return. The fact Trump did not mention Bitcoin or crypto anywhere in a… Continue reading No mention of ‘crypto reserve’ in Jan 5th 2025 Trump tweet

The first Daily View of 2025. Item #1: Polymarket gives 23% odds of Trump creating a national crypto reserve in his first 100 days. Betting “no” is like picking up dollars on the sidewalk. I have already placed bets on this contract, expecting to earn an easy 20% in the next 100 days as nothing… Continue reading The daily view 1/3/2025: Bitcoin and Polymarket, Stocks overvalued?, Elon on Mounjaro…

Item #1: U.S. Government dumps more Bitcoin Some 19,800 BTC linked to Silk Road were moved to Coinbase Prime on Monday, blockchain data shows, possibly foreshadowing the U.S. government selling the seized assets. BTC dipped below $96,000 following the transfer. The U.S. Marshals Service, a division of the DOJ, announced a partnership with Coinbase Prime… Continue reading The Daily View, 12/4/2024, Right Again: Bitcoin Falls, Trump Meets Mark Zuckerberg