Today’s Nuggets
The Personality and Motivational Characteristics of Bitcoiners
Biden Administration Reaching Out to Crypto Folks
White House Announces El Salvador Presidential Delegation
Musk and Trump Discussing Crypto Policy?
Goldman Sachs Flabbergasted by BTC
Bitcoin Scarcity
Fidelity Comparing Bitcoin to Ethereum
Is Gen Z Too Late?
This is a story of how things have changed so fast. Billions of dollars will start advertising our bags - unthinkable!
Crypto Market Cap Update:
The price of Bitcoin is $68,549.74 and BTC market dominance is 53%. BTC is around $2,000 higher than when I did this yesterday, which is crazy.
The Crypto Fear & Greed Index is currently at 73.
I have changed a couple of little things on this chart.
The green highlights the year we are in, which is also the year of the bull market. We are now up 14.3% for May. This month's performance has erased the 14% loss in April. It has been an incredible year, with a 44% gain back in February.
Always remember that this time is different and not the same as previous cycles.
This peer-reviewed study from OSF Registries found that Bitcoin owners score significantly higher on financial literacy.
These individuals are slow to trust governments and what governments tell them to do - fascinating.
If you are a Bitcoiner, you are more financially literate than the average person.
The Biden administration is reaching out to all the crypto folks in the know, asking, how can we learn about this magical stuff that we tried to kill? Now we want in!
This is such a crazy pivot.
We always talk about Bitcoin being the cockroach you cannot kill!
Suddenly, the Biden administration announced that a presidential delegation would go to El Salvador!
El Salvador is Bitcoin country and now they will hang out with ‘His Excellency’, Nayib Bukele.
Guess what they are going to talk about? Yeah, you guessed it.
This is going to be the first-ever crypto election.
The political and financial establishments have woken up to Bitcoin, which is a prerequisite to mainstream adoption.
We have arrived, everybody!
All of us crazy folks who got into this early were mocked and ridiculed by many. Now, the floodgates will open.
According to Bloomberg, Elon Musk and Donald Trump are discussing crypto policy. Trump highlights Bitcoin and other digital assets as a way to reach new voters.
I dug up the article from Bloomberg claiming that the Trump campaign discusses having Musk speak at the convention.
Suddenly, claims of fake news.
This may be fake; it may be partly true. We do not know…
There are a couple of important points here. Maybe the Trump campaign wants Elon Musk as an advisor, but they have not mentioned it to him yet. Elon Musk is not advising Trump on crypto… perhaps yet.
This was posted by CNBS, reporting that the Wall Street Journal confirmed this rumor. Again, more alliance stuff. Where there is smoke, there is fire. I can tell you, there is a lot of smoke around this. Could the Wall Street Journal and Bloomberg have all this wrong?
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