You may not like it, but when Blackrock raises $100B for their etf alone, it’s definitely a legitimate asset at this point.
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Besides being the first, and the most popular hyped, how is it better than any other shitcoin?
Blackrock just makes money off the transaction fees, don’t they?
Predictably, there are screenshots on Reddit of morons that held leverage positions and got wiped out. Some substantially so. Recourse leverage will come for you eventually..
I haven’t the conviction to do any sort of concentrated bet on it, but it does seem like it’s becoming a real asset class now. If advisors started putting widows and orphans 5% into bitcoin, it’s going to go to the moon over the next decade.
“Only when the tide goes out do you discover out who’s been swimming naked”
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There’s a limited supply and great liquidity.
He got the pardon.
https://www.wsj.com/finance/currencies/trump-pardons-convicted-binance-founder-7509bd63
The president signed the pardon on Wednesday, the people said. Trump recently indicated to advisers that he was sympathetic to arguments of political persecution related to Zhao and others, one of the people said.
White House press secretary Karoline Leavitt said that Trump had “exercised his constitutional authority by issuing a pardon for Mr. Zhao, who was prosecuted by the Biden Administration in their war on cryptocurrency.” She added: “The Biden Administration’s war on crypto is over.”
A pardon will likely pave the way for Binance, the world’s largest crypto exchange, to return to the U.S. after the company pleaded guilty in 2023 to violating U.S. anti-money-laundering requirements and was barred from operating in the country.
Since Trump’s election, Binance has also been a key supporter of his family’s World Liberty Financial crypto venture, a business that has driven a huge leap in the president’s personal wealth.
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Sure paid good money for that pardon so it’s only fair that he should be allowed to get back to enabling Hamas, Al Qaeda and websites selling child sexual abuse material… Fits right in with pardoning Ross Ulbricht.
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Do Kwon next? Since he was indicted and extradited by the Biden administration. BTW, this type of pardon is sad regardless of political party in power.
Do Kwon was sentenced to 15-years today. Any bets on when he’s going to be pardoned?
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