The crypto world has become a playground for the absurd. Bitcoin, once a symbol of financial independence, has devolved into a spectacle of greed and delusion, now begging for bank custodianship. Trump’s meme coins and the White House’s non-committal stance on a “crypto stockpile” only highlight how detached the industry has become from its original purpose. The truth? Bitcoin’s lost its way, and the very people who championed it have abandoned its ideals. As for Saylor, the man who once preached Bitcoin, he’s now part of the circus. What a turn of events.
There will be no “Bitcoin Strategic Reserve”. Don’t believe me? Well… do you believe the White House? The “reserve” will consist of lawfully seized crypto (which isn’t exclusive to Bitcoin). pic.twitter.com/DeOXHzqH1d
— Gordon Johnson (@GordonJohnson19) January 24, 2025
Some in the crypto community are upset with Trump for making a mockery of their industry with his meme coins, especially Bitcoin maximalists. In truth, Trump has merely shined a spotlight on the absurdity of the industry. Maybe that’s the real reason industry insiders are upset.
— Peter Schiff (@PeterSchiff) January 23, 2025
Bitcoiners are now rallying behind the fact that SEC just rescinded SAB 121, claiming it means banks can now custody Bitcoin for clients.
Not only is this such a stretch and makes zero mention of Bitcoin, but do you see the hypocrisy in all of this?
Satoshi’s entire point… pic.twitter.com/8jXzmJBIdi
— Jacob King (@JacobKinge) January 23, 2025
JUST IN: White House Head of AI David Sacks refutes Fox News report on “crypto stockpile” executive order, stating: “We haven’t decided yet. We need to study that.”
— Jacob King (@JacobKinge) January 23, 2025
Saylor:
-is no longer CEO of MicroStrategy
-no longer owns the majority of voting shares in $MSTR
-is now tweeting “crypto” with rocketship emojis
-has recently appointed a member to his board that serves on the board of a shitcoin foundationDon’t say I didn’t warn you #NYKNYC
— Pledditor (@Pledditor) January 24, 2025
2/ Believe it or not, Bitcoin’s next top will likely be influenced by oil prices
The last 2 major Bitcoin peaks were indirectly caused by rising oil prices
And we can see that by overlaying this data set that shows us when oil prices are trending higher or lower pic.twitter.com/KHygHhUskH
— Bravos Research (@bravosresearch) January 24, 2025
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