Today’s Nuggets
$27K Candle After 15 Days
$10 Billion w/o Congressional Approval
Bhutan Sold $100 Million
Cathie Forecasts $1.5M BTC by 2030
VanEck Predicts Institutional Tsunami
Bitcoin Whales on the Rise
The Black Hole Continues
Tesla’s Bitcoin Investment Pays Off
Tesla Q4 Surge Expected
Gary to Step Down in Shame
This story is titled Friday Fire.
Bitcoin is pumping like mad and the weekend has yet to come. We are back above $90K as the range today is insane from $87,100 back up to $91,500. I have been saying for a long time now that the treasury tsunami is coming.
We will get into a ton of stuff about treasuries…
Here is the monthly Bitcoin candle for November, now $27,300 long from the bottom to the top.
The God candle is typically a $10,000 candle in a day - this is bonkers! Even more crazy is that we are only halfway through the month.
We will have to wait to see what happens in the second half of the month…
Crypto Slate stated Trump could put billions into the U.S. Bitcoin Reserve without any Congress approval.
He could gain Congressional approval anyway but the President can do up to $10 billion without any vote.
Everywhere that I look, there is talk of U.S. government treasuries. I still think it has less than a 10% chance of happening but that is not the point. The point is it triggers game theory which is what we love about this stuff.
Senator Lummis is great and I hope she gets a great position in the next administration.
Cynthia Loomis believes she should do a hot swap by selling the Fed's gold in Fort Knox to buy Bitcoin.
Would that not be insane?
Here is a macro chart from Bitcoin Pro Magazine with the Bitcoin price in black. The teal blue line represents the long-term holder supply and the yellow line at the bottom is the short-term holder supply.
Historically, when Bitcoin breaks a new all-time high, what happens?
The blue line
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