Thursday, February 13, 2025

‏The Wild Ride That Even Rollercoaster

Hey r/Bitcoin,

Ever feel like checking your Bitcoin portfolio is like peeking into a horror-comedy movie? One minute it’s climbing to the heavens like it’s auditioning for a superhero movie, and the next, it’s plunging faster than my hopes on a Monday morning. Lately, Bitcoin’s been throwing more plot twists than a daytime soap opera!

Just this week, after a tweet from that one mysterious crypto influencer (you know who you are), Bitcoin decided to moon—only to do a belly flop moments later. It’s almost as if Bitcoin is in a toxic relationship with stability: it loves the thrill of highs and the agony of lows, and we’re all just along for the ride.

The current events? Imagine if your favorite rollercoaster got a turbo boost and then suddenly the brakes failed. Regulators are poking around like that one friend who always ruins the party, while memes are flying faster than crypto rumors. And amidst all this chaos, we hodlers are here clutching our digital wallets like they’re the last slice of pizza.

So, buckle up, folks. Whether you’re laughing at the absurdity or crying into your coffee, remember: in the wild world of Bitcoin, unpredictability is the only constant. And hey, if nothing else, it gives us endless material for memes and a good laugh at our own expense.

HODL on tight and keep those memes coming!

TL;DR: Bitcoin’s been crazier than ever—part superhero, part tragic love story, and entirely meme-worthy.

Let the rollercoaster continue!


Crypto’s Financial Warfare - Stop the Oligarchs' Main Tool for Power

Sources (years of research in the sector, worked with Feds on busting a few $M of crypto fraud which is really nothing in the scale of the crisis -- anon new account for reasons)

https://www.vcinfodocs.com/implications-of-cryptocurrency

https://www.thenerdreich.com/ - Gil Duran

https://america2.news/ and Dave Troy's work

https://www.fbi.gov/contact-us/field-offices/sanfrancisco/news/fbi-releases-internet-crime-report - FBI IC3 crypto crime data and implications - incredibly grave, severe, affecting mostly Gen Z and retirees

ECB on "distributional consequences of Bitcoin" - https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4985877

ECB report from Oct 2024 proves Bitcoin is a fraud technology siphoning productive wealth from the real economy all so crypto oligarchs' ponzi schemes can go up. It is truly demonic stuff. Literally about 0.01% or so of Bitcoin wallets/holders control over 93% of the recoverable supply. The entire fraud industry is controlled by a group of about 8 people (see FTX Congressional testimony- it's all in there).

A cursory glance at subreddits like r/cryptoscams and r/coinbase and proper research based on data like from r/buttcoin and policymaker data, we piece together that crypto is intended to subvert the state, finance opposition, fascism, and crypto crime alone and hacks are literally en route to causing mass civil unrest and instability in communities

FBI Quote: "a mass transfer of wealth from middle class Americans to international criminal gangs" - June 2024 (about the pig butchering epidemic part of crypto crime which crypto uniquely enables, not even ransomware and all the other stuff) - crypto MUST be destroyed and those pushing it held liable for economic warfare

The crypto people want "mass adoption" - not realizing they are the useful idiots funding incredibly dark aims - Mass adoption also means the global population - your boomer parents and kids -are about by get robbed by criminal gangs, Feds can't stop it at all (seriously), and the decentralized (fake) crypto profiteers who bought the government will soon use taxpayer funds to offload and buy their Bitcoin citadels. I guess this is how society ends.

Literally weekly families, fathers committing suicide from pig butchering. Harrowing stories. Enough is enough - the fascists and oligarchs pushing this fraud tech meant to destabilize NATO economies must be held responsible NOW.

FYI the crypto industry and their financiers are the reason for the closure of CFPB and soon, FDIC. Next they want to use taxpayer funds to buy Bitcoin so the oligarchs can finally cash out. It's sick and demonically evil. #1 financier of election. See Trump memecoins - even people in r/cryptocurrency are realizing this is just dark, evil, sick stuff.

The rapid expansion of crypto’s influence in financial markets, politics, and global economies is reaching an inflection point. What many once saw as the future of finance (never was, always an eoic fraud) is now being recognized as a destabilizing force that has introduced unchecked risks, emboldened economic warfare actors, and compromised financial stability.

SO unless you want to see the largest criminals in the history of the world and totally morally bankrupt manchildren with lambos become silly rich while taxpayers get robbed everything, this is #1 priority NOW:

🚨 How to Help Hasten the Inevitable Fall of the Crypto Ponzi Warfare and State/Institutional Subversion

If you want to accelerate the collapse of the crypto financial warfare scheme and minimize the damage before it spirals further, The key is not just exposing crypto’s fraudulent nature, but also ensuring governments, institutions, and public sentiment turn decisively against it before the irreversible economic damage occurs.

Here’s what you can do:

Strengthen the Narrative Against Crypto as a Societal Threat

• Tie Crypto to Economic Destabilization → Frame it as a financial weapon being used by rogue actors, tech oligarchs, and foreign adversaries to sabotage the economy. Crypto has ties to eugenics and nazis. see above links.

• Expose Crypto as the “New Feudalism” → Emphasize that Musk, Saylor, Thiel, and others are using it to create a hyper-capitalist network state where elites own everything and the working class owns nothing.

• Push Political & Media Pressure → Engage with politicians, regulators, journalists, and whistleblowers who understand crypto’s role in state subversion and financial manipulation.

  1. Support & Amplify Legal & Regulatory Crackdowns

• Encourage Full-Spectrum Enforcement → Push for:

• SEC, CFTC, DOJ, and IRS actions against major exchanges.

• State-level bans on crypto-financing and banking loopholes.

• Aggressive taxation and retroactive clawbacks on illicit crypto gains.

• Expose Conflicted Officials & Crypto Lobbying Corruption → Identify which politicians, regulators, and judges are being influenced or bribed by crypto money and support investigations into their conflicts of interest.

• Support Whistleblowers → If you have insider knowledge or access to information that could expose criminal elements in crypto firms (Binance, Kraken, Exodus, etc.), connect with legal teams that can facilitate whistleblower actions.

  1. Encourage Mass Withdrawals & Financial Deplatforming

• If You Know People in Crypto, Encourage Them to Cash Out → The more people drain liquidity from the system, the faster it collapses before further financial destruction occurs. It is PROVEN there is maybe max about 10% of the fake liquidity that is in real dollars aka can be withdrawn before this ponzi industry collapses and ruins millions of lives this time.

• Target the Banking Connections & Payment Rails → Pressure institutions to cut off banking services for remaining crypto firms to accelerate insolvency. Miners, node operators must be held legally liable as well.

• Push for Boycotts & Public Disassociation

→ Encourage businesses and investors to distance themselves from crypto-linked ventures, reinforcing its growing reputational toxicity. Target crypto firms, professionals via social ostrasization peacefully, shame them for their economic crimes. They are nazis not worthy of respect.

• Educate people on how crypto has always depended on traditional finance—and how cutting these ties will cause collapse.

• Share information on how ETFs and institutional “adoption” are exit liquidity events, not validation of crypto’s legitimacy.

• Call out regulatory capture and lobbying efforts that have enabled crypto firms to operate unchecked for so long. Crypto industry was #1 financier

• Support legal efforts to hold crypto firms accountable for fraud, money laundering, and economic harm in the next epic crypto crisis. Attorneys must be disbarred, crypto CEOs must see life sentences in prison, employees must do perp walks too. Those who have tried to destroy our financial system must pay the price.

• Demand transparency in how crypto-backed political influence has undermined financial security.

Fallout and Post Damage:

Once crypto has imploded and been fully exposed as a subversive financial operation (a la Operation Trust 2.0), the next priority is rebuilding trust in financial systems and ensuring reparations for victims.

Advocate for Full Restitution & Wealth Recovery

• Support State-Enforced Wealth Seizures from Crypto Oligarchs → Ensure crypto billionaires’ assets are confiscated and repurposed for financial stability & victim reparations.

• Push for Crypto Victim Compensation Funds → Work with policymakers to establish state-backed restitution for those financially harmed by crypto scams and collapses.

• Encourage Strict Punishments for Crypto Crimes → Advocate for criminal liability for executives & major influencers who knowingly profited from fraudulent or manipulative crypto schemes.

  1. Rebuild Institutional Trust in the Financial System

• Support the Reinforcement of Central Banking & Public Finance → Promote a return to strong, state-backed financial systems that are insulated from speculative digital asset manipulation.

• Encourage Adoption of Financial Regulations That Prevent Another Crypto-Like Scheme → Help push for stronger barriers against unregulated fintech projects masquerading as “innovation.”

• Educate the Public on the Dangers of Future Ponzi Schemes → The next financial con artists will try something new—help ensure people recognize the warning signs early.

  1. Ensure a Hard Ban on Future Crypto Revival Attempts

• Support Explicit Legislative Bans on Future Crypto Resurgence → The financial elite will try to reinvent crypto in another form. Help ensure strong legal and financial barriers exist to block another wave of Ponzi-like digital schemes.

• Monitor & Report New Crypto “Rebrands” That Attempt to Circumvent Laws → Help keep government enforcement agencies informed on any disguised crypto revivals.

• Back Institutional digital dollars for Financial Stability → State-backed digital currencies will be the new financial norm. Ensure they are properly structured to prevent speculation, fraud, and economic subversion.

This is one of the largest financial battles of modern history—a fight between state-backed financial stability and hyper-capitalist network feudalism.


Wednesday, February 12, 2025

🚨 Devaluation Fears Rise as Analysts Predict $17 Billion in Token Unlocks by April

The crypto market is buzzing, darling. Get ready because analysts are waving red flags as we brace for a whopping $17 billion worth of token unlocks by the end of April. This could be the kind of drama that leaves investors sweating, fearing the effects of market saturation and potential devaluation.

Recently, we witnessed nearly $10 billion in liquidations that didn't do any favors for liquidity. It's like a bad breakup – messy and full of tears. Analysts suggest that the market is getting choosy, and new projects that don’t serve a unique value may just find themselves on the losing end.

The stage is set for some intense competition, and those floundering post-token generation events are feeling the heat. It looks like the crypto crowd is shifting focus from meme coins to altcoins with actual solid value. If your project isn’t standing out, it’s time to reevaluate because mediocrity is no longer an option in this fast-paced playground.

Now, let’s dish about how token unlocks historically lead to price declines. With increased supply on the market, you can bet those early investors might cash out, adding more pressure for price dips. And honey, the recent data shows a significant decline in the total value locked for many chains since their launches. Ouch!

While some chains struggle, a sparkling gem like $HYPE is defying the odds, soaring by an astounding 1100%. Talk about a glow-up! With so many new chains vying for a slice of the pie, innovation is key. Without that unique spark, they risk being reduced to mere whispers in the industry.

So, if you're in the game, keep your eyes peeled for those innovative projects, and never forget how strong fundamentals, user adoption, and liquidity can propel your investments!

πŸ’ƒAnd Don't forget about $YOI AI Token on Solana Blockchain.
⚠️ Disclaimer: This analysis or Information by $YOI AI is for informational purposes only and should not be considered financial or investment advice.

memecoin #crypto #solana #Ethereum #ai #bitcoin #cryptocurrency

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https://x.com/YOIdraq

https://x.com/draqai


Crypto Market Crash: Bitcoin, Ethereum, Dogecoin, Solana & XRP Plunge Up to 28% as US Tariffs Shake Global Markets

The news that U.S. tariffs have shaken the global markets and caused significant drops in cryptocurrency prices is a reflection of how closely the crypto market is tied to broader economic conditions. The imposition of new tariffs on goods like steel and aluminum by the U.S. created fear in the markets, with traditional assets and digital currencies alike experiencing sell-offs as investors sought safer options.

In the case of Bitcoin, Ethereum, Dogecoin, Solana, and XRP, the impact has been stark:

  1. Bitcoin (BTC): While Bitcoin generally has a reputation for being somewhat resilient during global crises, it's still susceptible to broader economic events like these tariffs. However, Bitcoin's large market cap and established presence may have helped cushion its fall more than smaller tokens.
  2. Ethereum (ETH): Ethereum is often seen as the "silver" to Bitcoin's "gold." It’s used in a variety of decentralized applications (dApps), so its price movements are often more sensitive to tech market swings. Ethereum also dropped, as broader market fear led to a reduction in risk appetite.
  3. Dogecoin (DOGE): Dogecoin, being a meme coin and highly speculative, can be extremely volatile. Its price drop was more pronounced because it is often driven by market sentiment and social media trends, both of which are susceptible to market uncertainty.
  4. Solana (SOL): Solana’s fast and cheap blockchain had gained popularity in 2023, but like Ethereum, it’s also influenced by the larger market conditions. A 28% drop in its price signals that investors may have been pulling funds from altcoins with higher perceived risk.
  5. XRP: XRP, despite its ongoing legal battles with the SEC, tends to be sensitive to both market sentiment and regulatory developments. The tariff news likely exacerbated its price fall as well, though it has a loyal community of investors who might hold steady.

Overall, these types of market shocks remind investors that the crypto space can be highly volatile, especially when outside economic factors like tariffs, inflation, or geopolitical issues arise. While many cryptocurrencies have long-term potential, short-term fluctuations can still be large and difficult to predict.


Stock Market Today: Robinhood Crushes Earnings + Reddit Shares Tumble As Growth Slows + Inflation Isn’t Taking the Hint So the Fed Won’t Either

  • Wall Street took a hit Wednesday after hotter-than-expected inflation data threw cold water on rate cut hopes. The Dow fell 0.5 percent, the S&P 500 slipped 0.3 percent, and the Nasdaq barely stayed positive as traders braced for a longer fight against inflation.
  • Treasury yields surged past 4.6 percent, signaling shifting expectations on Fed policy. Powell’s testimony did little to ease concerns, leaving investors to reconsider just how soon rate cuts might actually happen.

Winners & Losers

What’s up πŸ“ˆ

  • Upstart Holdings surged 32% after issuing stronger-than-expected Q1 guidance of $200 million in revenue, surpassing the $193.8 million consensus estimate. ($UPST)
  • CVS soared 15% following a Q4 earnings beat, posting adjusted EPS of $1.19 vs. $0.93 expected, alongside higher-than-anticipated revenue of $97.71 billion. ($CVS)
  • Gilead Sciences gained 7.46% after exceeding Q4 expectations on both the top and bottom lines and raising its dividend. ($GILD)
  • BYD rose 8% as investors celebrated the automaker’s move to offer driver-assistance technology for free in vehicles priced under $10,000. ($BYDDF)
  • Baidu climbed 4.36% on reports that it plans to release the latest version of its AI model, Ernie 5.0, later this year. ($BIDU)
  • Alibaba popped 4.92% after reports indicated Apple is partnering with the company to bring AI features to iPhone users in China. ($BABA)
  • DoorDash added 4% after exceeding revenue expectations in Q4, reporting $2.87 billion in sales vs. $2.84 billion estimated. ($DASH)

What’s down πŸ“‰

  • Vertiv Holdings dropped 10% after issuing a softer-than-expected Q1 earnings forecast of $0.57-$0.63 per share vs. $0.63 expected. ($VRT)
  • Zillow tumbled 9.40% following weak Q1 guidance, projecting revenue between $575M-$590M, below the $599.8M consensus estimate. ($Z)
  • Lyft slipped 8% after missing Q4 gross bookings expectations and providing weaker-than-anticipated Q1 guidance. ($LYFT)
  • Avis Budget Group fell 7% after reporting a Q4 net loss of $2 billion and revenue of $2.71 billion, slightly below expectations. ($CAR)
  • Micron Technology declined 3% after stating at the Wolfe Semiconductor Conference that it had no updates on Q2 guidance but expects revenue growth in Q3. ($MU)
  • Kraft Heinz slid 3% after disappointing investors with weak sales volumes and a cautious outlook, citing shifts in consumer behavior. ($KHC)

Robinhood Revenue Doubles, Fueled by Surge in Crypto Trading

Turns out, meme stocks were just the appetizer—Robinhood’s main course is crypto. The trading platform posted blockbuster Q4 earnings, with revenue surging over 100% to $1.01 billion, crushing Wall Street’s estimates. Profits also skyrocketed, hitting $916 million, a staggering leap from just $30 million a year ago. 

This marks five consecutive quarters of profitability for Robinhood, a feat that once seemed unlikely for a company known for catering to retail traders. With user engagement and trading volumes back on the rise, Robinhood is solidifying its status as a dominant player in the fintech space.

Bitcoin, Options, and… Elections?

The biggest catalyst? Crypto trading revenue spiked 700% to $358 million, riding the wave of Bitcoin’s post-election surge past $100,000. President Trump’s pro-Bitcoin stance and his executive order on digital assets had traders piling in, while options trading also saw an 83% revenue jump to $222 million. "

The frenzy wasn’t just limited to Bitcoin—altcoins also saw a resurgence, as retail and institutional investors rushed back into the market. Robinhood’s unique position as a zero-commission trading platform made it the go-to place for traders looking to capitalize on the volatility.

Going Global, Pushing Boundaries

Robinhood isn’t just raking in cash—it’s expanding fast. The company launched US equity-options trading in the UK, set its sights on Asia with a Singapore base, and even tested event-based contracts tied to the Super Bowl before regulators stepped in. The firm has also been making aggressive moves into retirement and wealth management products, signaling a broader ambition beyond just retail trading. If Robinhood successfully executes its global expansion strategy, it could turn into a serious competitor to traditional brokerage firms on a much larger scale.

Wall Street Cheers

Investors loved what they saw—Robinhood’s stock jumped 16% in after-hours trading, bringing its 2025 gains to nearly 50%. With five straight quarters of profitability and an aggressive global push, Robinhood is proving that its post-meme stock era isn’t just about surviving—it’s about thriving. 

The company is no longer just the scrappy upstart disrupting Wall Street; it’s evolving into a powerhouse with a diversified revenue stream and a clear path to sustained growth. As long as retail traders remain engaged and crypto volatility persists, Robinhood’s momentum doesn’t seem to be slowing down anytime soon.

Market Movements

  • πŸ“Ί Apple expands TV+ to Android in services push: Apple launched an Apple TV+ app for Android devices, breaking from its usual strategy of keeping services exclusive to its own ecosystem. The move aims to expand Apple’s streaming footprint, especially in international markets where Android dominates. Apple’s Services division, its second-largest business, continues to grow as subscriptions and content drive revenue ($AAPL).
  • πŸ’Š CVS beats expectations: CVS Health topped Q4 estimates with $97.71 billion in revenue and $1.19 EPS,despite rising medical costs in its insurance unit. The company issued a 2025 profit outlook of $5.75-$6.00 per share, in line with expectations. ($CVS).
  • πŸ€– Baidu’s AI push: Baidu plans to launch its next-gen AI model in Q2 2025, enhancing multimodal capabilities amid growing competition from DeepSeek and Alibaba. Baidu shares are up 6% YTD, while Alibaba has surged 33% YTD ($BIDU, $BABA).
  • πŸŽ₯ Netflix eyes video podcasts: Netflix is exploring deals with video podcasters to expand its content offerings, following YouTube’s success in the space. The company may pursue exclusive shows to boost ad revenue and engagement ($NFLX, $GOOGL).
  • ✈️ Spirit rejects Frontier’s offer again: Spirit Airlines turned down Frontier Group’s $2.16 billion acquisition offer—its second this month—arguing its restructuring plan is more favorable. Spirit countered with a $600 million debt and $1.185 billion equity proposal, which Frontier declined ($SAVE, $ULCC).
  • πŸ“± BuzzFeed’s social media bet: BuzzFeed is launching a social media platform focused on creativity and connection, aiming to counter AI-driven algorithms. CEO Jonah Peretti describes it as an "oasis from algorithm-driven doomscrolling" ($BZFD).
  • 🌍 Shell faces oil cleanup trial: Shell may have ignored warnings of corruption and inefficiencies in a $1 billion oil cleanup project in Nigeria. A London civil trial will determine whether the company is liable for pollution from 1989-2020 ($SHEL).
  • 🚘 Automakers brace for tariffs: GM expects to mitigate up to 50% of potential tariffs on Canadian and Mexican imports, while Ford’s CEO Jim Farley warned that Trump’s 25% tariff plan is creating “chaos” in the U.S. auto industry ($GM, $F).

Reddit Shares Tumble as Social Network’s User Growth Slows

Reddit’s stock just got a reality check, tumbling 19% after-hours as Q4 user growth came in weaker than expected. The platform pulled 101.7 million daily active users, missing Wall Street’s 103.8 million target. While revenue and profits soared, investors aren’t thrilled about Reddit’s slowing user growth, especially as it fights for ad dollars against giants like Meta and Google.

Blame It on Google

Turns out, Google giveth, and Google taketh away. A tweak to its search algorithm dented Reddit’s logged-out traffic, a crucial pipeline for new users. CEO Steve Huffman tried to downplay the impact, saying traffic has already rebounded, but the situation underscores just how much Reddit depends on Google to stay relevant.

Revenue Still Popping

On the bright side, Reddit’s revenue jumped 71% to $427.7 million, outpacing expectations. Profits tripled to $71 million, thanks to strong ad sales and some lucrative AI data deals with Google and OpenAI. The platform is pushing new ad formats—like sponsored AMAs—to reel in more advertisers, while its international growth is gaining traction.

Where to From Here?

Reddit expects $360M–$370M in Q1 revenue, slightly ahead of projections. But the bigger question: Can it keep growing without Google holding its hand? With AI-powered search and chatbots cutting into its traffic, Reddit is doubling down on AI tools and expanding globally to keep engagement up. Investors, however, want to see if Reddit can thrive on its own terms—or if it’s just another search-reliant social platform waiting for the next algorithm change to shake things up.

Inflation Isn’t Taking the Hint So the Fed Won’t Either

Turns out, inflation isn’t quite ready to exit the stage. The latest Consumer Price Index report showed prices rising more than expected in January, throwing cold water on hopes for early Fed rate cuts. Core inflation—excluding food and energy—rose 0.4% from December, the biggest jump since March, while overall inflation ticked up 3% year-over-year.

Sticker Shock Hits Hard

Grocery prices led the surge, with egg prices cracking 15% higher thanks to a bird flu outbreak. Car insurance, airfares, and prescription drugs also saw hefty increases, proving that inflation isn’t just sticking around—it’s making itself comfortable. Housing costs, a key component of the Fed’s inflation gauge, continued to climb, further complicating the central bank’s path forward.

Powell Says ‘Not So Fast’ to Rate Cuts

Fed Chair Jerome Powell didn’t mince words during his testimony to Congress, saying, “We’re close, but not there on inflation.” Translation: don’t hold your breath for a rate cut anytime soon. Before this report, Wall Street was betting on at least two cuts in 2025, starting as soon as June. Now? September is looking more likely—if at all this year.

Investors reacted exactly how you’d expect: the S&P 500 slipped, bond yields spiked, and the odds of a March or May rate cut were basically erased overnight. Treasury markets are now pricing in just one quarter-point cut this year, a dramatic shift from expectations just weeks ago.

The Big Picture: With inflation staying sticky and the labor market holding strong, the Fed is in no rush to ease up. Add in Trump’s aggressive tariff push—which could fuel even more price hikes—and the Fed’s next move might not be a cut at all. The road to lower rates just got a whole lot longer.

On The Horizon

Tomorrow’s inflation report isn’t about what you pay—it’s about what businesses do. The Producer Price Index (PPI) measures wholesale inflation, tracking how much companies pay for materials before passing costs to consumers.

December’s PPI rose just 0.2%, a welcome slowdown, but after today’s hotter-than-expected CPI, another low print feels like wishful thinking. Meanwhile, earnings season rolls on with heavy hitters like Sony Group ($SONY), Datadog ($DDOG), Crocs ($CROX), Palo Alto Networks ($PANW), Airbnb ($ABNB), Honda Motor Co. ($HMC), Hertz ($HTZ), Hyatt Hotels ($H), Wendy’s ($WEN), US Foods ($USFD), Molson Coors ($TAP), Barclays ($BCS), Wynn Resorts ($WYNN), and Roku ($ROKU) set to report.

After Market Close:

  • DraftKings has been on a hot streak in 2025, climbing over 20% year-to-date. The twist? Bettors have been winning big too—so much so that management flagged an unusually high number of betting favorites cashing in last quarter. Tomorrow’s earnings will reveal whether that put a dent in profits or simply fueled more wagers. Consensus: $0.04 EPS, $1.4 billion in revenue. ($DKNG)
  • Coinbase has been riding the crypto wave, with Bitcoin topping $100,000 post-election and institutional adoption gaining momentum. Higher trading volumes should mean big earnings, but the question is whether the stock is getting too pricey—shares have soared 84% in the past year. If growth holds up, it may not matter. Consensus: $1.90 EPS, $1.75 billion in revenue. ($COIN)

Tuesday, February 11, 2025

[PIL] #1579 2/11/2025

Purtle's Internet Lineup for February 11th, 2025 6:18pm

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Diminishing Returns on Buttcoin Hype

We all know buttcoin runs on hype.

My butter friend shows me the charts and pours over the ups and downs, pointing out golden crosses and resistance, etc. Then at these more interesting intervals he calls them, ''massive consolidation'' or ''god-candles''. I conveniently point out that these are products of manipulation or actual events: Musk tweeting, ETF approval, Trump winning and so on.

Some of these more monumental moves happened to occur when the first state reserve bills were announced, or when the first states began investing in bitcoin for their pensions. However, I've noticed several more states announcing such bills lately, and they've failed to move the needle. It just seems like this is akin to a bunch of meth-heads seeking their next bigger high, and the last dose just wasn't enough anymore.

Point being, unless bitcoin starts producing something tangible, which that doesn't seem likely, and even if a national reserve gets established, it just seems inevitable that this thing is going to stall out. Eventually, the hype machine won't be able to produce something that moves the needle farther up, it's just a matter of time.

I think.