Bitcoins - about to hit $5,000 per coin today!

[obsidian]

https://thedefiant.io/news/defi/scammers-get-scammed-as-dogwiftools-gets-exploited-for-usd10-million

Solana meme tool hacked - lol!

Scammers Get Scammed as DogWifTools Gets Exploited for $10 Million
The token bundling tool drained users' hot wallets, hardware wallets, and centralized exchange accounts.

The tables were turned on memecoin scammers today as DogWifTools, a token bundling tool commonly used for malicious memecoin launches, was exploited and drained millions from its users.

The exploit extended beyond just hot wallets, as the malicious actors infiltrated users' devices, stealing funds from hot wallets, cold wallets, and even centralized exchanges, leading to more than $10 million being stolen overall.

DogWifTools is used to bundle token launches and automate market-making.

Bundling is a process through which a single entity automates multiple wallets to snipe small amounts of a token the entity is launching. This process is used to mask supply control and is commonly used by scammer groups for memecoin launches.

Bundling allows groups or individuals to obtain large portions of a token’s supply across many wallets, making it more difficult for the average user to understand that there is a supply concentration. Many bundled launches are designed to trick users into thinking the token is safe, while the single entity dumps its supply on unsuspecting buyers. This scam method is also commonly referred to as farming.

It is being reported that the tool installation had been keylogging users’ hardware devices to gain access to their private keys, email credentials and passwords. Some users even reported that the hackers used personal ID pictures stored on their computers to create false centralized exchange accounts in the victim’s name to cash out user funds.

A member of the DogWifTools team addressed the situation in the Discord server and said, “A malicious third-party actor gained unauthorized access to our GitHub repository through a GitHub token. We believe they were able to get this token by reversing our compiled software.”

Despite the loss of funds, crypto Twitter was quick to kick the victims while they were down, considering the use case for DogWifTools.

Onchain sleuth ZachXBT was quick to chime in, “Hopefully the hackers leak an entire db with info of the users (scammers).”

[obsidian]

Please do watch this. These guys are super smart.

They explain how the start of Eth's downfall was marked by the merge and move to POS.

They explain how and why Sol was chosen for the Trump and Melania coin rugpull (basically Eth was too expensive, and also could not handle the throughput).

Solana could not handle the throughput either - lol!

https://www.reddit.com/r/solana/comments/1i5d74a/is_solana_down_havent_been_able_to_complete_any/

Regardless, Trump used the profits from the meme to buy mostly Ethereum and wrapped BTC on Ethereum.

ETH's move to POS was a smart move in the long run. Bitcoin's proof-of-work model is a dead end as miner yields will become too little to justify securing the network. The fees won't make up the difference because Bitcoin is supposed to be held and not sold. More transactions would mean BTC is changing hands often which means it won't be worth much. Why would a valuable BTC change hands often? So where are all these mysterious transactions going to come from to make up the miner yield loss after successive halvings?

BTW, those guys in your video are delusional. They claim ETH is going to zero. That's not how it works. Get your BTC maxi blinders off and start thinking where BTC will be 10 years from now after miners capitulate. BTC is doomed in the long run IMO, unless the community is willing to change to POS and remove the finite supply cap.

[gib]

Why would a valuable BTC change hands often? So where are all these mysterious transactions going to come from to make up the miner yield loss after successive halvings?

Incentive to mine due to increase in price over time. Greed and self interest is the ultimate motivator. But lets see if any tweaks are made to the code in the decades to come. We move slowly, thoughtfully, and methodically.

So did you watch the entire clip?

[obsidian]

Incentive to mine due to increase in price over time. Greed and self interest is the ultimate motivator. But lets see if any tweaks are made to the code in the decades to come. We move slowly, thoughtfully, and methodically.

So did you watch the entire clip?

No I skipped to the Ethereum part and skimmed it. Those two are delusional and talk about stuff they don't understand. Ethereum is being built out massively as we speak. Go look at some of the recent developments. Solana folds under pressure and goes offline or have massive failed transactions. Ethereum does not. There is a lot of FUD directed at Ethereum. In a way it is very similar to the negative news coverage Trump received. And now Elon Musk. I am curious where BTC would have been if it had received so much hatred.

The Ethereum community is going into wartime mode. The more hatred and FUD that's directed at ETH the more hardcore the supporters will become. It's like the Trump effect. The elites tried to kill him off and it backfired.

[obsidian]

Incentive to mine due to increase in price over time. Greed and self interest is the ultimate motivator. But lets see if any tweaks are made to the code in the decades to come. We move slowly, thoughtfully, and methodically.

So did you watch the entire clip?

That's if the price increases constantly. Bitcoin mining is becoming extremely centralized which becomes single points of failure - IMO. Saylor controlling 2% of the supply and potentially more is not a good thing either. He becomes the face of Bitcoin, and should there be a face? Satoshi's reclusiveness was one of the appeals of Bitcoin. Saylor could become another single point of failure. To be fair, Ethereum has this problem as well with Vitalik. But he has less than 0.25% of the ETH supply.

[gib]

No I skipped to the Ethereum part and skimmed it. Those two are delusional and talk about stuff they don't understand. Ethereum is being built out massively as we speak. Go look at some of the recent developments. Solana folds under pressure and goes offline or have massive failed transactions. Ethereum does not. There is a lot of FUD directed at Ethereum. In a way it is very similar to the negative news coverage Trump received. And now Elon Musk. I am curious where BTC would have been if it had received so much hatred.

The Ethereum community is going into wartime mode. The more hatred and FUD that's directed at ETH the more hardcore the supporters will become. It's like the Trump effect. The elites tried to kill him off and it backfired.

OK - well main thing is you you watched it. If so, then I've done my job and credit for you to listening and making your own decision.

As for the "Eth community" now in "war mode" - what they are going through is a common cycle - First was denial (some are in that phase). Then comes anger, which is the phase some are in now for sure. Then comes bargaining - ie still grasping at straws and hopes that what is happening cannot be true. Then is depression. And then finally acceptance. We are still some way from an ultimate bottom. And throughout all this, there will be continued selling off. So, just think about it.

Why not sell some Eth, now buy BTC and then re-buy Eth back at a much cheaper price in a year if you like Eth so much? That way you can get even more of it.

I truly wish you the best - you are a smart guy. I think at a very fundamental level you need to consider that Eth is valued as a tech company, whereas BTC (like gold) are valued as stores of value.

[gib]

First Western European central bank to propose accumulating BTC in treasury...

https://www.reuters.com/technology/czech-central-bank-governor-present-plan-hold-reserves-bitcoin-ft-reports-2025-01-29/

[gib]

Wow - just minutes ago on onchain data we saw a very significant single sale of ETH and an almost simultaneous purchase of BTC for the same amount. We saw an immediate 1% drop in ETh and a 1% rise in BTC. I think it will be digested as a blip, but these kind of events can risk quant-trader selloffs. Makes you wonder if whoever did it is trying to deliberately manipulate the market into an ETh sell off, as otherwise why do it so suddenly. Lets watch this one...

[obsidian]

World Liberty Financial Buys the Dip on Ethereum (ETH), Extending a Week of Accumulation

The Trump family DeFi fund, World Liberty Financial, keeps buying Ethereum (ETH). After a week of accumulation, the fund’s holdings are at record levels.

World Liberty Financial (WLFI), the Trump family DeFi fund, keeps acquiring Ethereum (ETH) during market dips. ETH is now the biggest holding for the fund, mostly held liquid and partially used for staking. The latest purchase was for $10M to buy another 3,247 ETH during the latest price dip. The purchase arrives after the fund previously spent $20M to acquire 3,001 ETH and 95 WBTC over the weekend.

WLF now holds close to 63,000 ETH.



GIB - before you ridicule them because of their losses, realize Saylor bought dips numerous times and showed a profit loss as well with BTC in the past. It's called DCA. And Trump did not lose anything actually. The ETH he got was house money from the Solana meme tokens he released. He actually has a profit of close to $400 million house money.

[obsidian]

OK - well main thing is you you watched it. If so, then I've done my job and credit for you to listening and making your own decision.

As for the "Eth community" now in "war mode" - what they are going through is a common cycle - First was denial (some are in that phase). Then comes anger, which is the phase some are in now for sure. Then comes bargaining - ie still grasping at straws and hopes that what is happening cannot be true. Then is depression. And then finally acceptance. We are still some way from an ultimate bottom. And throughout all this, there will be continued selling off. So, just think about it.

Why not sell some Eth, now buy BTC and then re-buy Eth back at a much cheaper price in a year if you like Eth so much? That way you can get even more of it.

I truly wish you the best - you are a smart guy. I think at a very fundamental level you need to consider that Eth is valued as a tech company, whereas BTC (like gold) are valued as stores of value.

Sorry GIB but those two in your video are delusional - lmfao! ETH going to zero?! That's what they said. Super bullish ETH comment.

ETH could go down to 0.03 BTC or even lower in the short term. My opinion is at some point there will be a major reversal. BTC is extremely overvalued relative to ETH.

I explained before that I will get some BTC exposure when I feel the time is right. ETH hit an ATH of $4,890 in 2021. Had I sold 30 ETH then, I could have used the $146,700 to buy 9.16 BTC when it crashed to $16,000. That means I would have traded 30 ETH for 9.16 BTC. That's a ratio of 0.305. Ten times the current ETH / BTC ratio.

The dumb move would be to trade from ETH straight to BTC now. Especially when ETH has bled against BTC so long. I hope nobody else takes that unsolicited investment advice right now.

If you think we won't see a big BTC correction again you're wrong IMO.

You also seem to overlook the fact that there are millions of people with money looking to make gains that they missed with BTC. BTC has been pushed by the media and many crypto influencers. They are currently trying to suppress ETH with FUD (Vitalik & EF being questioned) to allow them a lower entry point on Ethereum. It is possible for ETH to go down to $2,700 or maybe even $2,000. Anything is possible. And it is also possible for ETH to go to $20-35K. Our solar system was once a dust cloud in space (nebula) and everything we have in this world came from that. That's Aladdin's magic bottle shit. Poof, the solar system materializes out of a nebula. What is more farfetched than that? Certainly not ETH at $1 million. 

[obsidian]

There portfolio is public. You can see it in real time.

Current value is not 410mil. Its 382m.

ETH sellers have been dumping to them, and despite their buying they are down 7.64m on their ETH buys. They are up .33% on their BTC buys, which so far has been their best performing investment. So far, overall they are down 12.82% since inception. Not a great track record at all to date.

The purchase of wrapped BTC on a smart blockchain, suggest they may want to leverage BTC, or do a type of "infinite money glitch" trading, likely using a USD stablecoin. Lets see...

Trump is not down on anything. The World Liberty Financial porfolio is all HOUSE MONEY. It was built up from Trump Solana meme token sales. Even if ETH crashed 50% Trump would still have netted $200 million - lmfao!

Trump made the smart move. He released a token on Solana and then sold the tokens to buy Ethereum. All at no cost to himself.

[obsidian]

THE BIG COMEBACK OF ETHEREUM: An Unbiased Evaluation

"Ethereum is dead. Solana stole the show." 

You’ve probably heard this take a hundred times.
 
The sentiment around ETH has never been worse. 

And yet - if we strip away emotions and narratives - Ethereum’s long-term outlook remains solid. 

Let’s break it down:

🔹Ethereum: Years of Accumulation

For almost 4 years, Ethereum has been stuck in a massive range. 

Some see this as a sign of weakness. 

But historically, long accumulation phases lead to explosive expansions. 

The bigger the range → the bigger the breakout. 

From a macro perspective, ETH remains in an uptrend & never broke its ascending trendline (year long support)

Even on the daily chart, we see a structure that statistically favors a bullish breakout.



The only thing missing?

Fuel.

I think this liquidity could come in if ETH retests the < $3,000 range, collects more liquidity, and then drives towards a breakout past $4K.

This would align perfectly with the ETH/BTC chart, which has been in a brutal downtrend for a long time. 

And that’s been the biggest issue for Ethereum.



Let’s be honest:

ETH has been a terrible performer relative to BTC. 

- When BTC pumps, ETH barely moves
- When BTC dumps, ETH dumps harder

This is a clear sign that ETH/BTC is still in a bearish structure on HTF. 

But now, it’s approaching a potential bottom. 

The most optimal reversal level sits around these highlighted levels.

These levels perfectly align with a possible ETH price of $2.7K (HTF Demand Zone / Range) if BTC corrects.

If ETH/BTC finds support there, we could be looking at the beginning of a structural shift. 

But is this realistic?

Or just cope?

🔹 Smart Money & Market Manipulation

We know how this game works. 

MMs move price where they want - especially to areas with high liquidity. 

And how do they do it?

Media narratives.

Recently, we’ve seen an aggressive push of ETH FUD in major publications. 

- The Ethereum Foundation being questioned 
- ETH’s underperformance against BTC being highlighted everywhere 

Is this really a coincidence? 

Or is it the same old SM playbook? 

Flood the market with FUD → Retail panic sells at the bottom → Institutions accumulate

This wouldn’t be the first time. 

Even more interesting:

World Liberty Financial (Trump-affiliated) has been accumulating massive amounts of ETH.

Does this guarantee a rally?

No. 

But why would they be buying now unless they saw something coming? 

🔹 Ethereum’s Fundamentals Are Still Rock-Solid

Despite all the noise, Ethereum remains the most important smart contract network. 

- The deepest liquidity in DeFi 
- The highest security & decentralization 
- It has the strongest developer ecosystem

While sentiment is at rock bottom, the actual fundamentals suggest ETH is still the backbone of the space. 

So where does this leave us?



🔹The Takeaway

- ETH’s range is an accumulation, not weakness 
- ETH/BTC is approaching a potential bottom 
- Sentiment is ultra-bearish, which historically marks reversals 
- Smart Money might be playing the same old game 
- Fundamentals remain stronger than ever

Can we be certain of a massive ETH rally? 

No.

Nothing is guaranteed. 

But from a macro perspective, the conditions are aligning. 

Tracking ETH closely could be a smart move in the next weeks.

Time will tell if we were right.

PW out.

https://x.com/fitforcrypto_/status/1884610829351305687?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1884610829351305687%7Ctwgr%5E130a666538de571a8903dc3574ed2e1d5559b9b7%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.tradingview.com%2Fnews%2Fnewsbtc%3A899f8031d094b%3A0-ethereum-s-prolonged-consolidation-what-is-really-going-on-analyst-weighs-in%2F

[Mayday]

Ethereum is the finance tool, not Bitcoin. That's why Swiss and German banks are developing products on Ethereum along with BlackRock, etc.

Trump's crypto reserve order did not mention Bitcoin specifically but cryptocurrencies in general. We'll see what comes out. But if you look between the lines and ignore Ethereum's current price action you can see what's being brewed behind the scenes.

Bitcoin is a token with almost no more utility than Doge in its current form.

I outlined a use case as a financial tool. A store of inflation, not a hedge against it.

Other coins cannot do this because they are not large enough to handle the amount of liquidity floating around. ETH cannot do the same thing due to its small size. DOGE definitely can’t.

Max pain is price going higher than forecasts on BTC and ETH forecasts being 300% wrong to the upside…… 👀  remember 2021? IMO Inverse that is likely what we are gunna get.

Just because the President bought ETH doesn’t mean it will moon this year. What it does mean is he sure as shit will abolish taxes on crypto given the 200M they took from Solana Degens. Top signal is probably when a trump launches his tokens on ETH 😂

[gib]

I outlined a use case as a financial tool. A store of inflation, not a hedge against it.

Other coins cannot do this because they are not large enough to handle the amount of liquidity floating around. ETH cannot do the same thing due to its small size. DOGE definitely can’t.

Exactly right. And not just due to liquidity - Eth has entirely failed in tying to be a store of value and a smart contract tool. Good marketing (actually rather deceptive to the many investors who didn't understand this), but the market is starting to realize...

[gib]

Wow - well this is exactly what I was hoping I would not be having to do, but Eth to BTC ratio is now at a new 4.5 year low, and first time it fell below 0.03 BTC to 1 Eth. This is absolutely terrible performance, down nearly 50% just in the last year alone, especially for those who thought eth was going to do a filippening with BTC at some point, or that eth would perform 4x to BTC this cycle etc. (Now they are are just desperate for ETH to stop falling against BTC - notice how all talk of a flippening or 4x to BTC has entirely disappeared as even the "Etherium community" realizes this is far-fetched). Eth will soon fall to a 5 year low (for obvious reasons) which will be another psychological blow for anyone believing in the myth of a 4 year Eth or "alt cycle"

I really don't relish having to keep repeating myself. (I was tempted to plot on the graph attached each time over the last year where I advise to sell ETH followed by some grasping at straws argument as to why "it is just about to turn around", but that would take a but of time to prepare).

Right now the decline has been rather slow and steady, much like a boiling frog scenario. But, as ETH's market cap shrinks, the impact of selloffs can become more volatile to price, which is what we might well see as more get out and fewer get in.

So, whilst I think its most likely we will see a consistent and continued selloff, but maybe just gradually picking up pace, I do want to warn though, that we may see a large liquidity driven capitulation at some point, where the volume of sellers increases, and where you literally have almost an entire absence of willing buyers. If that were to occur, we could see a rapid fall to around the $2500 level. And if that happens, someone will now doubt argue, "that was the capitulation we needed - now we are at the bottom!" . Only it would not be the bottom. The bottom is technically around $100, although it may be a long time before we ultimately get to that level with ups and downs along the way.

As for the Liberty Financial Group, they really have little to do with Trump. Not one of the many "advisors and founders" seem to have any history of running a fund, let along a crypto fund. In short, they are a bunch if grifters who really have no idea. No reason at all that them buying changes ETH's decline to inherent fair value (of around $100). And if that really is your basis for buying Eth (or Trump coin etc), I would say to anyone, take step back, zoom out, and see woods through the trees.

Lyn Alden speculates that Trump personally is stacking sats via his private trust funds - could well be.

OK, and with that I am really out of here for a bit. Wishing you all well!!!

[French]

Total Value Locked (TVL): Solana's TVL has surpassed $11.3 billion. This growth reflects the platform's expanding decentralized finance (DeFi) ecosystem.
Solana has processed approximately $6.446 billion in transaction volume, highlighting the network's capacity to handle high throughput efficiently.
The total market capitalization of stablecoins on Solana has reached $11.349 billion, indicating substantial inflows and growing confidence in the network's stability and utility.

Game over for ETH. It's old, slow, hyper-centralized with a madman at the helm who's losing control.

The next big and definitive thing is KASPA that will take it all in next few months. Not even yet listed on CEX.
Load up your bag as much as possible.

[obsidian]

As for the Liberty Financial Group, they really have little to do with Trump. Not one of the many "advisors and founders" seem to have any history of running a fund, let along a crypto fund. In short, they are a bunch if grifters who really have no idea. No reason at all that them buying changes ETH's decline to inherent fair value (of around $100). And if that really is your basis for buying Eth (or Trump coin etc), I would say to anyone, take step back, zoom out, and see woods through the trees.

I can't take you serious when you make ridiculous claims that ETH will decline to $100 which is a fair value. Are you nuts?! That's completely naïve and delusional thinking. You were wrong about the SEC and Ethereum and you're wrong about that.

There are over 1 million validators and 33 million staked ETH.

Ethereum is arguably more decentralized than Bitcoin. It never goes down, offers yield at a lower inflation rate than the current BTC, is being adopted worldwide by institutions and banks, has a first-mover smart contract advantage like Bitcoin has with blockchains.

There are more developers working on building out Ethereum than any other chain by a large margin.

Just the ETH L2 Base has about as many developers as Bitcoin. There are ten times more developers in the Ethereum network than Bitcoin. And many of them started with Bitcoin, including Vitalik.

https://www.developerreport.com/

ETH is extremely undervalued against BTC. A fair value to me should at a minimum be 3:1 or even 1:1. Maybe ETH is more valuable than BTC when you consider all BTC's shortcomings and even disregard the bigger ETH supply! 

[Mayday]

Gold broke ATH, it still leads.

Will see BTC go to ATH inside of 4wks. My Gold target is 3.1k so let’s see how we go. BTC to 121k and overrun to 130k if it happens.

My 2020 strategy has gold topping this year Into multi year bear market, possibly secular bear market. If right it means Gold/BTC correlation breaks this year.

[obsidian]

https://www.coindesk.com/markets/2025/01/30/sec-approves-bitwise-bitcoin-and-ethereum-etf

SEC Approves Bitwise Spot Bitcoin and Ethereum ETF
The fund gives investors exposure feature exposure to both spot bitcoin and ether, weighted by market capitalization.

The U.S. Securities and Exchange Commission approved another joint bitcoin and ether exchange-traded fund (ETF) Thursday, letting investors gain exposure to the two digital assets in one regulated financial product.

The SEC announced it had granted accelerated approval to Bitwise's Bitcoin and Ethereum ETF, just over a month after approving similar products filed by Hashdex and Franklin Templeton. Hashdex's Crypto Index ETF gives investors exposure to a basket of different cryptocurrencies, while Franklin Templeton said it would launch its product sometime in January.

[obsidian]

Gold broke ATH, it still leads.

Will see BTC go to ATH inside of 4wks. My Gold target is 3.1k so let’s see how we go. BTC to 121k and overrun to 130k if it happens.

My 2020 strategy has gold topping this year Into multi year bear market, possibly secular bear market. If right it means Gold/BTC correlation breaks this year.

I was notified that Amazon Music is raising the price from $16.99 to $19.99. Netflix also recently raised their prices. The purchasing power of the dollar keeps going down. The only reason people are not fleeing to crypto in droves is because they don't have any spare money to buy.

The problem is the FED needs to hold rates steady to bring inflation down. That means less dollar printing which means less liquidity for crypto. ETH is more sensitive to this than Bitcoin. In a high QE environment Ethereum will outperform Bitcoin.

The other problem for the FED is if they keep interest rates high to battle inflation and unemployment rises they are caught in a hard place where they have to bring down the rates while they don't want to because of their desire to lower inflation. Bottom line is the dollar is a shitcoin and there is no avoiding that!

[obsidian]

There are now German, Swiss and Dutch banks developing on Ethereum.

https://crypto.news/netherlands-third-largest-bank-abn-amro-pilots-tokenized-trading-on-ethereum/

Netherlands’ third-largest bank ABN AMRO pilots tokenized trading on Ethereum

ABN AMRO, the third-largest bank in the Netherlands, has completed on-chain trading with stablecoins in a pilot with German exchange 21X.

Netherlands‘ third-largest bank ABN AMRO has completed a trading trial with 21X, a Frankfurt-based digital asset exchange, which tested on-chain settlement for tokenized securities using stablecoins.

In a Jan. 30 announcement, 21X said the test involved listing a tokenized asset on its on-chain market. ABN AMRO issued an ERC-3643 token on the Polygon Amoy Testnet, while 21X paired it with an ERC-20-based “E-Money Token,” without naming the asset.

“As part of our launch preparations we are now in the process of onboarding institutional participants,” said Max Heinzle, chief executive of 21X. He also praised blockchain’s role in cutting costs and increasing efficiency in the on-chain system.

[obsidian]

BlackRock's ETHA sees a $79.9 million inflow along with Fidelity and Grayscale's Mini Trust inflows to offset Grayscale's ETHE outlfows.

BlackRock ETHA now holds over $4 billion.

If ETH is dead these guys did not get the memo.

https://farside.co.uk/eth/

[Griffith]

SEC Approves Bitwise Spot Bitcoin and Ethereum ETF

The fund gives investors exposure to both spot bitcoin and ether, weighted by market capitalization.

The U.S. Securities and Exchange Commission approved another joint bitcoin and ether exchange-traded fund (ETF) Thursday, letting investors gain exposure to the two digital assets in one regulated financial product.

The SEC announced it had granted accelerated approval to Bitwise's Bitcoin and Ethereum ETF, just over a month after approving similar products filed by Hashdex and Franklin Templeton. Hashdex's Crypto Index ETF gives investors exposure to a basket of different cryptocurrencies, while Franklin Templeton said it would launch its product sometime in January.

Bitwise's product, launched with the New York Stock Exchange, gives investors exposure to both spot bitcoin (BTC) and ethereum (ETH), weighted by market capitalization.

https://www.coindesk.com/markets/2025/01/30/sec-approves-bitwise-bitcoin-and-ethereum-etf

[Mayday]

I was notified that Amazon Music is raising the price from $16.99 to $19.99. Netflix also recently raised their prices. The purchasing power of the dollar keeps going down. The only reason people are not fleeing to crypto in droves is because they don't have any spare money to buy.

The problem is the FED needs to hold rates steady to bring inflation down. That means less dollar printing which means less liquidity for crypto. ETH is more sensitive to this than Bitcoin. In a high QE environment Ethereum will outperform Bitcoin.

The other problem for the FED is if they keep interest rates high to battle inflation and unemployment rises they are caught in a hard place where they have to bring down the rates while they don't want to because of their desire to lower inflation. Bottom line is the dollar is a shitcoin and there is no avoiding that!

The printing for the entire inflationary cycle was done back in 2020-21 which added over 40%. There is an epic shit ton of money out there and it takes ages to filter through.

S&P disagrees with the claim people have no money. DJI disagrees. Home prices disagree. Car sales disagree. GDP disagrees. Rates disagree. BTC disagrees. Wage rises disagree. Recession callers have gotten absolutely wrecked the last 2yrs.


Every currency in the history of money has operated in the same way. Play monopoly as intended and you’ll get 60 or so passes before one winner.  Now play it with no currency debasement and you’ll be lucky to get 10 passes. Ie in a fixed system the game ends super fast unless the one who has all the money, gives it away.

[obsidian]

The printing for the entire inflationary cycle was done back in 2020-21 which added over 40%. There is an epic shit ton of money out there and it takes ages to filter through.

S&P disagrees with the claim people have no money. DJI disagrees. Home prices disagree. Car sales disagree. GDP disagrees. Rates disagree. BTC disagrees. Wage rises disagree. Recession callers have gotten absolutely wrecked the last 2yrs.


Every currency in the history of money has operated in the same way. Play monopoly as intended and you’ll get 60 or so passes before one winner.  Now play it with no currency debasement and you’ll be lucky to get 10 passes. Ie in a fixed system the game ends super fast unless the one who has all the money, gives it away.

Are you sure? I'm talking about retail, not institutional. BTC's price was not driven up by retail as much as institutional.

Home prices are up but sellers will pay just as much for a new or replacement house. The higher values benefit people that have multiple homes and want to unload some from their portfolio. But single home owners don't benefit at all. The transaction value is just higher on both ends.

Many people are leasing cars. They can't afford to buy them.

Here are some headlines:

U.S. credit card defaults soar; total debt hits 12-year high

https://fortune.com/2025/01/23/credit-card-defaults-debt-levels-increasing/

U.S. Consumer Debt Rises to $5.1 Trillion in the Third Quarter

https://eyeonhousing.org/2024/11/u-s-consumer-debt-rises-to-5-1-trillion-in-the-third-quarter/

Total outstanding U.S. consumer debt stood at $5.10 trillion for the third quarter of 2024, increasing at an annualized rate of 3.28% (seasonally adjusted), according to the Federal Reserve’s G.19 Consumer Credit Report. In general, consumer debt has been slowing over the past two years, peaking at a high rate of 9.16% in the second quarter of 2022. However, the third quarter of 2024 experienced an uptick in growth from the previous quarter’s rate of 1.14%.

The G.19 report excludes mortgage loans, so the data primarily reflects consumer debt in the form of student loans, auto loans, and credit card debt. As consumer spending has outpaced personal income, savings rates have been declining and consumer debt has increased. Previously, consumer debt growth had been slowing, as high inflation and rising interest rates led people to reduce their borrowing. However, the growth rate ticked up in the latest quarter, possibly reflecting expectations of rate cuts that took place at the quarter’s end.

Retail crypto investors appear to be going for the meme coin casino on Solana. They think they can throw some money and make it big. But they end up getting rekked. Have you seen the 13-year old kid who rug-pulled his meme on video? They doxxed him and then drove up his meme after he sold out. He then came out with a second meme called "SORRY" and pulled the rug again.