It’s fascinating to watch. People are celebrating this. Right now, folks out there think it’s amazing that the new taxes levied on Americans—tariffs—will be used to buy Bitcoin.
Why are people happy? Why can’t anyone see the problem? What happened to the crypto space?
The plot is lost.
https://x.com/APompliano/status/1911903614572089507
Anthony Pompliano sat down with Bo Hines for a long interview. Bo is Trump’s executive director in charge of crypto assets, a newly created position I just learned about today. Bo is all about Bitcoin, all about the anti-establishment becoming the establishment. He said so himself.
This interview, which I urge you to watch, will be remembered as the day we lost the plot. The day Bitcoiners accepted being dominated by the government. Bo admits, in no uncertain terms, they’ll do whatever it takes to hold more Bitcoin. He also admits—and this is key—their stablecoin printer will go wild. They just told us how they plan to take over, and we think it’s amazing.
https://x.com/BitcoinMagazine/status/1911932845171294597
In a recent post about this, someone pointed out that forking the chain is always an option. Yes, I agree, but if most people are happy with their shackles, why would anyone fork Bitcoin again? Hasn’t it been forked a hundred times already? The chain that keeps the name wins the game, it seems.
What else can I say? I’m blown away. I’m shocked.
This was not on my bingo card.
MenO