This is too complicated for most people, even people in the Finance professions, to understand. /pol/ is smart on the other hand so let's hash it out. My theory is that Bessent is admitting that our attempt to prop up the USD by controlling the energy states via war has failed. As a result he is pivoting to the backup option which is to rush into the digital currency space at full speed to try and get a big position before our competitors do, hoping that leaves us with influence. What do you think?
>>541098710Bitcoin is already obsolete. Anyone worth their salt is storing cash in their mattress.
>>541098710All markets are manipulated. Going in either direction doesnt necessarily mean anything
>>541098710Elon killed bitcoin.
>>541098710buttcoin blockchain is not hardened against quantum attacks. none of them are. it is doomed to fail.
Isn't next month litetally the projected 4 year cycle low? Has the rise just started early?
>>541098866dumbest post here>>541098804Cash can be devalued by your government>>541098851Someone somewhere decided to bump the price.>>541098860Thing that is alive is clearly not 'kill'
>>541098919the four year cycle stopped being an effective measuring stick a few years ago. it was based on the "halvening" but increased volume and involvement of major financial players ironed that out.
>>541098962It was still absolutely being followed until the last 48 hours tho lmao?
>>541098851This
>>541098710If you zoom out it has been crabbing around the 63-65k mark for a long time now. When an asset price moves sideways for a long time this is often an "accumulation phase" where institutional buyers are building a large position in that asset in a dripfeed manner that doesn't impact market prices. It is usually a bullish signal but unfortunately most people don't recognise the accumulation phase until after a bull run has already started, and they see it in retrospect as the chart makes it obvious.Has Saylor been accumulating in this ~63k range? I haven't been paying attention but imma guess, yes?
>>541098710It's a bulltrap only if you don't know where to short it.Maybe next year it will be a good time to buy in for the long run.
>>541099004No it wasn't you're too stupid for this conversation please be quiet.>>541099047The recent price stability is something that few have payed attention to, good eye.
>>541098710It only work if other pull in to. If every one stays with the old system your fuckt etherway. You have no pull no power to force a global change and this change will only work if the world pulls with the US and this would simutanisly mean that the US would stay on top and in controll. Nobody wants the US in controll of anything. Not after the still not solved epstein case. The wars started and keept going by nigger merica and the greatest idiot of all idiots in charge, trump, who could not convince any one to follow him.America is fuckt.Should have chose a real leader.
>>541098931>Cash can be devalued by your governmentThen how do you know that Bitcoin went up, instead of USD going down?
>>541099156The US has no ability to control Bitcoin. What it appears to be pivoting towards is an acceptance that this will be a major backing component of the replacement system that is emerging. We can't control it but we can try and be the one with the biggest pile.
>>541099114Quite literally incorrect btwYeah bro these 2 days > well formed patterns over a decade that everyone follows
>>541099222>le sighThis is not an intelligent question. Please learn more about currency.
I can't take financial advice from someone who likes to eat shit.
>>541099156>Should have chose a real leaderLike the kikes gave them a choice
You can tell this american replying to everyone instantly is trying to push a pre planned narrative, he doesnt want to talk or engage he just says small formatted definitive statements. Likely a bot or an agent, We see you rat
>>541098931you will live to see a major breach of blockchain networks.
>>541098710Let's not discount jews diversifying their goybuck$ by printing via central banks and updooting their goy chains. It's a massive piggy bank for ill gotten gains.It's intrinsic value to Jews is exactly because it's by nature pretty dark money and easy to hide among all the memes and scams. That's literally how they fund dark projects. And we're in dark times.Look how trumps faggot sons are all cashing in... Plus we all know the dollar must die for CBDB ...You have no fucking idea how hard shekel Jews are trying to build there next financial cage for goyim after they have destroyed the dollars value.Then you have the yen carry trade threatening the dollar existentially...So these are only some factors...There's many more of course but it's going up because it HAS too right now.
>>541098804Bitcoins a broken system.I'd explain why but I'm sick of shit tier youtubers ripping off my fucking posts word for fucking word.
lelBTC provides four functions for the Fed:1 the destruction of private, non-stablecoin crypto use as a currency2 a potential global financial crisis3 BTC market price arbitrage to give one last fleecing to boomers fleeing the Federal Reserve Note4 normalization and (fleeceable) boomer adoption of tokenization to force everyone else into using the Fed’s new debt-backed stablecoin tokens
>>541099260>doesn't attempt to answer questionThanks for admitting you are wrong
>>541099409>after they have destroyed the Federal Reserve Note's* value.>we all know the Federal Reserve Note* must die for CBDB>have the yen carry trade threatening the Federal Reserve Note* existentially.ftfythe DOLLAR IS A FUCKING UNIT lolthe dollar is not ISSUED, it is a fucking quantifier, a fucking metric like the centimeter or liter
>>541099363>OP is replying to comments in his threadHow dare I. Doesn't change the fact that you're too short for this ride.
>>541099399I think you're right. That is one of the features of blockchains that will prove valuable. We can just refer back to / revert everything back to before the breach if everyone agrees that something deeply nefarious has gone down. This is only true for actual crypto with PoW.
>>541098710People that trade crypto need stablecoins which are backed by US treasuries. Actually for many people in shitty countries with dogshit currencies they can get USD exposure by buying a cryptocurrency locally and then transferring it to an exchange which has stablecoin. Trump and Bessent know all this and see stablecoins as a benefit for the USD and US government debt.But none of that has anything to do with Bitcoin going up. It went up because Bessent bought US treasuries to support the market since Japan is dumping them to support their currency. People think that this means more quantitative easing or bond market intervention is on the way, which means higher asset prices.
>>541099706>Crypto>StablecoinsThanks for noticing that these are only tangentially related to Bitcoin.I think there is something more significant to Bessent's play here, not just the usual reaction to inflationary moves. The Bonds are no longer finding buyers, and this means the jig is up.
>>541099666only crypto on cold wallets is useful and true to the original intention, anything on a platform isn't cryptoCrypto and the new IRS law: where did you get it and what did you pay?what did you buy with it and who did you pay and what was it worth at that point in time?do you have crypto that is laying idle, how long was it idle and what was that worth when you bought it and where did you get it?fucking kekthis is the VERY FUCKING OPPOSITE of the anonymity expected in a decentralized blockchainalso:Classist boomers just spent decades crying about the planet and now want the most possible crony, expensive-infrastructure, energy-intensive, water-using, elitist, exclusive, non-citizen benefiting currency system they can come up with. lolholy fuck, how much damgae are the boomers go to do and will it be irreversible?
>>541099898another moron. Bitcoin is not about anonymity and never was, it has a fucking public ledger bro. It's "pseudo-anonymous" and was from the start. That's not the point.
>>541099666say the breach is bad enough to corrupt the distributed ledger. it propagates to a critical mass. then there is no backup.
>>541099898I know all goverments state and talk about how they track your crypto through KYC but I'm skeptical, i've probably sold and profited in amounts around the average salary of people here and have had zero mention in the automated taxes, yet if my travel card holds balance too long i'll see the little "5sek interest earned" in statements, And sweden is notorious for its tax departments tax chasing, we are like a global top 3 for how ruthless and thorough they are. I think it's all overstated and overblown and unless you're a well known person they have no idea wtf is going on with crypto
>>541100027>corrupt>distributed>ledgeranon you should really learn more about how this whole thing works before sharing your pontifications publicly.
>>541100001No one is listening to you rat, we all see you, you need to learn how to talk like an actual user
>>541100202no, chainalysis does thatthey work directly with the irs
>>541100202Besides, I earned some bitcoin well before KYC was even a thing.So untraced coins.Dumb KYC bullshit anyways
>>541100202I wouldn't test the EU like that. They'll happily figure out what you owe them five years from now and take your paycheck to cover it. Some Euro states have no taxes on Bitcoin though, or didn't for a while, so maybe that is de facto.
>>541100202it is the third question on our federal tax form
>>541100001>anonymitynever said anything about thatbtc is supposed to be for the user, not the networktry to keep upcrypto acts like fiat paper, if only in cold wallets
>>541100358>crypto acts like fiat paper, if only in cold walletslet me rephrase this:if in a cold wallet, crypto is like fiat in that it PRIMARILY serves the citizenthere is nothing BETTER THAN TREASURY-ISSUED PAPER NOTES pegged or backed by commodities
>>541098710The powers that be have a new system that has been in the development for decades now, ready to be rolled out in the coming years. It will operate in parallel starting sometime this year and by the next decade it will be fully operational as the Agenda 2030 goals are slowly being implemented.There will be no collapse, no violence, no uprising, no world war, no draft, no revolution, no killing of jews or politicians or other such fantasies. Instead there will be law & order, compliance and total surveillance until the very end. AI will be at the center of it all. The Great Reset is inevitable.
>>541100358you're a bit obsessive and don't see the forest for the trees. the structure of wallets and shit isn't why Bitcoin is important. governments have a right to tax gains if you are cashing out into their national currency, again not really central to what Bitcoin is for.
>>541100266But how many layers is it worth chainayslsis chasing through and is it an automated widespread tracking? Like I fully understand if they want to chase one guy for a crazy amount they can but the same way most small businesses have a large grey zone with taxing everything wouldnt some simple curveballs make it too much work to pay for the effort?>transfer from your bank or cash to international travel card like wise/revolute>use these cards to buy fiat currency on an exchange like kraken>buy the crytpo on exchange then send it off to a warm wallet>bounce that to 1-2, cold wallets then sell it off on another krakenAre they really jumping through all those hoops for 500$?
>>541100505it isn't the amount, it is the surveillance and power they are trying to establishsome older text of mine:Chainalysis reports all the reasons crypto can be seized and the patterns and structure of known illegal wallets holding $75 Billion, they also say if another wallet even has 10% of its crypto from a dirty wallet it too can be seized when it goes to cash in on a crypto exchangeRecent Chainalysis thread:https://archive.4plebs.org/pol/thread/518476506/https://www.coinspeaker.com/chainalysis-flags-75b-in-illicit-crypto-as-governments-eye-strategic-reserves/https://www.chainalysis.com/blog/landscape-of-seizable-crypto-assets-2025/
i have to go to work for a bitbut will return if you anons are still hereCrypto stablecoin issuers of all stripes thought they were going to be able to have ‘rewards’ so the crypto industry helped lobby the Genius Act to pass, which said stablecoins cannot pay interest and basically hands the US currency over to private debt-backed stable coins WITHOUT EVEN FUCKING ASKING THE PEOPLE kekthe stablecoin issuers agreed to this in the Genius Act b/c they thought they would be able to give this a runaround with stable coin 'rewards', but the bank lobby just came in and killed this ‘rewards’ runaround by passing the Clarity Act in the house, but adding an amendment (that still needs to pass the senate) which will cement the banks’ power over stablecoin issuerslol that is what the stablecoin issuers get when they join with the banks to fuck the citizenslooks like Coinbase got fuckedthis is what happens when coders only work in their own interestswhy are coders ruining every use case for crypto?Why is every industry (tech, medicine, law, finance, real estate, insurance) loaded with absolute scumbags willing to drive their industry into the fucking ground in order to be in charge?All of these technologies and their legit two use cases (authentication and smart contracts), being destroyed.
>>541100221every wallet address is stored on the blockchain. should there be a successful attack on the network, those addresses can be randomized, salted, or deleted. the entire system relies on threat actors playing nice with quantum algorithms and hardware. idk why you think BTC is a sure thing. the G-man has been trying to contain it for over a decade. so your boy at the us treasury saying the USA is increasing their exposure to BTC is like him saying "we know you're buying BTC and obfuscating it sending it many different directions, and we want you to stop, but short of killing the power and the www, all we can do is buy more to stop you from having it." in other words, "please, stop using crypto to fund enemies of the united states."
>>541098710> My theoryYou don’t know anything.
>>541100718The rewards thing is about banks not wanting crypto exchanges to be able to compete for deposits by offering real interest. The banks would actually have to start paying interest on deposits again like they used to. None of that is important to the larger question here.>>541100786You think no one thought about this in 17 years ago and you're the first one?
>>541098710Trump said the US was going to buy BTC. Nothing to do with Bessent.
>>541100991I know many things and my theory is correctly a theory by any definition as it's supported by and derived from factual events. I suspect many people who think they know do not know, especially in the Finance world. Bessent isn't going to send a memo around explaining that USD is a sinking ship and we're pivotting asap so everyone doesn't end up with their heads on spikes.
>>541101136>Trump saidBasically meaningless. What did Elmo say? What did Billie Eilish say? What does Ja Rule think?
>>541101086yes, of course.
>>541098710I think Monero is just better as a currency because it doesn't have a ton of weaknessesBitcoin is more like gold
>>541098710Possibly relevant is that Russia just officially legalized Bitcoin and other crypto trading and defined all of the rules around it. They also have their digital Ruble launching in a few weeks.The Russian digital ruble was designed in parallel with the Chinese version and they will eventually allow direct transactions. What this means is that the Eurasian alliance is in position. The Clarity or Genius Acts, I forget which, are mostly about creating a similar legal framework in the US. This is needed to enable institutional banks and finance firms to have legal certainty before entering into this space. The timing on these things is likely relevant.
>>541101309based XMR chadkeynesian (((bankers))) deserve the rope>pic relatednever forget, https://www.france24.com/en/live-news/20210601-lebanon-crisis-among-world-s-worst-since-1850s-world-bankjew banks rugpulled an entire nation
>>541099222Cuz I can cash out my btc for higher and buy stuff at the store for the same price as i could yesterday, retard
>>541101086>None of that is importantall of what i posted is importantall of it
Funny how Bessent NEVER suggests US Treasury issued, interest-free stablecoins for the citizens to use.https://archive.4plebs.org/pol/thread/505237484/^^^ A thread about the NYFed and its ilk now trying to convince the boomers to switch from private Federal Reserve-issued, debt-based Federal Reserve Notes to NYFed-approved, privately-issued, debt-backed stablecoin tokens. This is going to be priceless to watch. Neither of these currency options benefit the citizens, they only benefit the private issuer. Will boomers sell out once again to the banks to save themselves from a failing system that they created? One last fuck you to the country as they insulate themselves in their private tokens?And in the next orchestrated crisis, are the boomers’ new asset tokens to become worthless, as the payment platform is the ultimate claimant to any reserve assets in a crisis or bankruptcy?When is the currency going to be restored to the people? Don't US taxpayers have a right to a debt-free currency issued by their own treasury?Pic related was just passed.This is just entitled boomer classists driving the fucking country into the ground for money (mostly from the now-bankrupt NYFed's QE policies) and now destroying the US taxpayer's currency (the fucking US$, which is A FUCKING UNIT) on the world stage with the Fed’s issued-into-oblivion, worthless Federal Reserve Note.How fraudulent do you have to be that you can actually destroy a fucking unit of measurement? lol holy fuck
>>541103978>And in the next orchestrated crisis, are the boomers’ new asset tokens to become worthless, as the payment platform is the ultimate claimant to any reserve assets in a crisis or bankruptcy?this is very, very old news on 4chan, there is no platform of earth more versed than /pol/ when it comes to the NYFed kekThe NYFed’s primary dealers and their ilk want to tokenize all asset classes so they remain in a top, untouchable tier of shareholders that takes no risk and always gets paid.pic related: JPMC is JPM, the largest owner of the NYFed private franchiseThe NYFed-ilk BlackRock and Citadel have just opened a new exchange in Texas, where there are no capital gains on metals.So, they are likely looking to have some con that involves switching from one asset class token to another (from treasuries tokens to MBS tokens to metals tokens) via blockchain asset tokens, then leaving with their metal assets with no capital gains.These asset tokens would also allow fractional ownership, so they can fleece even the poorest investor.Central banks are now acquiring gold to back their own currencies, NOT to convert from gold to digital, but to give them a seat at the NYFed/BIS/IMF TOKENIZED ASSET tablethe global pie is getting bigger for these classists, as they sell each of their own nation's future productivity via bond debt, making the domestic pie much smaller for each citizen.picrel is also an excellent documentary called The Great Taking
>>541104097>there is no platform on* earth more versed than /pol/ when it comes to the NYFed kek
i love cryptoit has single-handedly eviscerated the Fed's monopoly on currency issuancei do not invest, but i love crypto for what it has donehowever this is a double-edged sword:the NYFed is now trying to use crypto (NFTs in particular) to rob the public further via the exploitation of a token-based asset system to make themselves a risk-less creditor in bankruptcy (but that is for another thread, see the documentary The Great Taking)some pasta:Remember, ANY strong, NATIONAL currency HAS MANY FORMS, never just one (fiat paper, metal bars and coins, digital, check, money order, smart contracts, NFTs…)if one wants real change and a strong national currency, there must be multiple forms of a currency, not just one 'savior' formpic rel The NYFed is now capitalizing on the legit use case of NFTs for authentication and chain of title and seeking to monetize and surveil every transaction on the planet via this asset tokenizationpeople that surveil are skimmersthey have no skills, they only consume
<<——This new dual-counter model allows for certain stocks on the HKEX to be priced in both the Chinese CBDC (the e-CNY) and the HKD. This new HKD:e-CNY dual-counter model easily allows for global financial firms to more consistently and easily convert USD to the e-CNY via the HKD/USD peg and to decrease the difference between price bids in HKD and the e-CNY on the HKEXthis is also intended to increase internationalization of the e-CNY and the securitization and tokenization of assets, especially securitiesSo, the politicians appear as though they are fighting while the international banks work together behind the scenes consolidating power.Central banks are now acquiring gold to back their own currencies, NOT to convert from gold to digital, but to give them a seat at the NYFed/BIS/IMF TOKENIZED ASSET tablethe global pie is getting bigger for these classists, as they sell each of their own nation's future productivity via bond debt, making the domestic pie much smaller for each citizen.
>>541104308>as they sell each of their own nation's future productivity via bond debt,the Federal Reserve kakistocracy is destroying the lifeblood (the currency) of our nation---the US$, with their bankrupt Federal Reserve Notes being issued into fucking oblivion
let me throw this in for fun
if any whale is lurking and can unironically help a brother under kike fire out I'd be gratefulBTC:3MJ1wWU1UshKm8Kkj5kg38xQvLWSwBYTb6XMR:893qvnGketXV72jLmcDNhSWQgMQvzP4ab71HdaWMPrBrittG5PPfVrZcFKNYHv9UfXRDBkzvzNSc5bn7m7nJA6taKJ37gQW
Btc shooting up right before mid term elections.I think PACs are dumping their funds in btc thats all. I see last cycle they went from btc to gold/silver to oil.
>>541104419>the Federal Reserve kakistocracy is destroying the lifeblood (the currency) of our nationand every other nation, toothe NYFed is basically keeping its ilk afloat with their UBI_style counterfeiting IORB (aka QE) while they organize/develop/partially implement/try to force 99% of the planet into their surveillance statethese people are fucking USELESS AND DETRIMENTAL which is a very dangerous combinationit's one thing if a govt. is incompetent, quite another thing if it is ALSO malicious
>>541104477<<<<----finally catching up to /pol/
>>541101197Yeah but you have to think like a baghodler. Which is to say, you don't think, and you just buy when someone mentions Bitcoin.
>>541104778>the NYFed is basically keeping its ilk afloat with their UBI_style counterfeiting IORB (aka QE) while they organize/develop/partially implement/try to force 99% of the planet into their surveillance statepic rel and Wall St is looking to fuck its own, too
back to work for a bit
>>541104477Bessent has definitely been kicking the debt can down the road. That is something you can do for a while but as he very well knows you have to have a plan at the end of the game. What I'm suggesting is that we are seeing the implementation of that plan.
>>541104500What will do you for the money?
>>541105202still here kekyou are doing a whole lot of talking, that is for surenot really adding anything but opinion
>>541105278brother I have creditors( kind of loan sharks) following me since the fucking financial crisis heretaking some money to pay people back and I still owe them around 3 fucking thousandif I didn't have my family to care for I would have roped ages agofuck this dystopia
lelread the whole thing
>>541105459Just googled it, your money is insane, 100 sek which buys me maybe 1.5 coffees is 955510 lebanese pounds,How much does a coffee cost you
>>541105454You’re posting uncaptioned screenshots from jew news sites.
>>541105657(((hyperinflation)))1 USD was 1500 LBP "pegged" to USDnow its around 95510 black market rateso USD is kingI had waged for 6 years and saved up around 10k USD in the banks and withdrew in 2020 for around 500$ worth of USDi can get the best espresso from the local roadside grocery storesfor around 30,000 LBP, if you want to add condensed milk it's 40,000 it's why it's taking me so much time to pay my shit back because I get paid around 400$ a month now which isn't making ends meet anymore
>>541099576Jesus just when you think this board couldn't get more autistic
>>541105788>uncaptionedwhat loland please do correct one fucking letter of my posts
>>541105657yeah 100 SEK is around 10 USD wtfso yeah its 950,000 LBP more or lessif you want to go to american franchises like dunkin or starbucks shit it's like 2-3$
'fiat' isn't the problemWHO IS ISSUING the 'fiat' IS THE PROBLEM and that the Fed's private fiat IS INTEREST-BEARING is the fucking problemFIAT, CREDIT-BASED INTEREST-FREE US NOTES ISSUED BY THE US TREASURY WORK FOR THE PEOPLE AND ARE INTENDED TO BE AN INTEREST-FREE TOOL TO FACILITATE COMMERCEFIAT, DEBT-BASED, USURIOUS, INTEREST-BEARING FEDERAL RESERVE NOTES ARE FUCKING BORROWED FROM THE PRIVATELY-INCORPORATED BANKRUPT NY FEDERAL RESERVE FRANCHISE AND ONLY ENRICH THE NYFED’S PRIMARY DEALERS AND THEIR CRONY/POLITICAL ILK AND ENSLAVE THE POPULATION IN BOND DEBT Fiat is given value BY A NATION'S CITIZENS.If the FUCKING NATION’S TREASURY is the one issuing it, fiat is not a problem.
>>541106063>FIAT, CREDIT-BASED INTEREST-FREE US NOTES ISSUED BY THE US TREASURY WORK FOR THE PEOPLE AND ARE INTENDED TO BE AN INTEREST-FREE TOOL TO FACILITATE COMMERCE>FIAT, DEBT-BASED, USURIOUS, INTEREST-BEARING FEDERAL RESERVE NOTES ARE FUCKING BORROWED FROM THE PRIVATELY-INCORPORATED BANKRUPT NY FEDERAL RESERVE FRANCHISE AND ONLY ENRICH THE NYFED’S PRIMARY DEALERS AND THEIR CRONY/POLITICAL ILK AND ENSLAVE THE POPULATION IN BOND DEBT
>>541098710Search "plunge protection team" on your engine of choice
>>541098710Money printer go brrrrrr and it rotates into stonks then crypto
>>541106094again:>>FIAT, CREDIT-BASED INTEREST-FREE US NOTES ISSUED BY THE US TREASURY WORK FOR THE PEOPLE AND ARE INTENDED TO BE AN INTEREST-FREE TOOL TO FACILITATE COMMERCE>>FIAT, DEBT-BASED, USURIOUS, INTEREST-BEARING FEDERAL RESERVE NOTES ARE FUCKING BORROWED FROM THE PRIVATELY-INCORPORATED BANKRUPT NY FEDERAL RESERVE FRANCHISE AND ONLY ENRICH THE NYFED’S PRIMARY DEALERS AND THEIR CRONY/POLITICAL ILK AND ENSLAVE THE POPULATION IN BOND DEBT
>>541106298>>>FIAT, CREDIT-BASED INTEREST-FREE US NOTES ISSUED BY THE US TREASURY WORK FOR THE PEOPLE AND ARE INTENDED TO BE AN INTEREST-FREE TOOL TO FACILITATE COMMERCEpaper fiat is what the NYFed is trying to get rid of, b/c paper fiat mainly serves the citizensit is supposed to be non-interest bearing at the central bank, it is the Fed's ONE FUCKING PURPOSEpic fucking relatedNotice on the top half of pic rel the NYFed squeezes out cash, which is the citizens' currency and pays its ilk IORB and RRP instead, while also buying houses and bonds.The NYFed clearly prioritizes enriching its private owner banks over the citizens having a currencywhy doesn't Trump ever mention this?b/c fucking Trump thinks the BANKRUPT NYFed is the housethe FUCKING US TAXPAYER IS THE FUCKING HOUSE
a Federal Reserve paper, lel
>>541105942<<<---this was the important paragraph
>>541098710Bitcoin is likely just a store of wealth, designed to be disconnected from the real economy, that the investor class can liquidate in the event of margins calls/ liquidity crisis, without disrupting the actual economy. Normies got brainzogged into investing in it because it's "cool" or ostensibly libertarian or they thought it was going to be the new global currency, when that was never the actual intention for it. It will probably dump every time a large pool of leveraged investors need to cover.
