Both #bitcoin (#btc ) and #tesla (#tsla ) spiked before the #tariff (#trumptariffs ) rescind announcement.

I wonder if there was inside information happening in those trades? Think #musk has increased his position in Tesla in the sell off? Could the #crypto admin be perpetuating global market manipulations to increase their individual portfolios?

This is a clown show.

Good overview of the insanity that is #MichaelSaylor's "buy billions of dollars worth of bitcoin with borrowed money" approach to financial engineering.

> "If #MicroStrategy's strategy is so brilliant, why isn't every company doing it? Should Apple stop making iPhones and just convert its cash to Bitcoin? Should Coca-Cola abandon soda production and become a Bitcoin holding company?"

https://basedtoschi.substack.com/p/inside-microstrategys-bitcoin-pyramid

ioRadio #44: Does the Strategic #Bitcoin Reserve make any sense? Let's examine this presentation by Michael Saylor and see how many misleading and fallacious claims he makes?

https://youtu.be/cMa9yHf5wbI

The #bitcoin president.

”Bitcoin is a stable store of value in times of economic crisis”

Nope. It’s not.

It just goes down like the rest of it, because the price of mining depends on physical economies like everything else.

I can see some people are buying the dip from the huge transfer volume uptick, but let’s see for how long.
#bitcoin #economic #stockmarketcrash

"If Bitcoin were—as true believers often say—a government-free currency, Donald Trump's idiot tariffs should have strengthened it." by @lopatto https://www.theverge.com/cryptocurrency/644749/bitcoin-tariff-fall-pricing

In fairness #bitcoin has actually fallen a bit less than everything else. Half that of the Dow Jones. Which is a tad surprising and one is left wondering what may lie behind that given that I’d probably still classify it as a risk asset.

From: @verge
https://mastodon.social/@verge/114298454674224730

This is one of the many reasons I don't take bitcoin or any so-called blockchain based digital currency seriously.

#bitcoin #bullshit #crypto

Writing the alt text for the screenshot and the obnoxious picture made me want to die.

Getting tired of the " #Bitcoin and/or #Tesla prices are crashing! " takes.

Neither one is anywhere near their pre-election prices. They may finally get there, but it is not even close yet.

On the other hand, I now have to work for another 5 to 10 years to make up for my retirement savings (modest as they were) being wiped out.

I will still be working and Felon Husk still will not have gotten the margin call on his Tesla stock or been removed from management.