You may not have noticed amongst the flurry of executive orders right now, but Trump just signed one that banned the creation / issuance of central bank digital currencies ("digital money or monetary value, denominated in the national unit of account, that is a direct liability of the central bank") in the USA! That's major news with dramatic implications for anyone in crypto - or anyone who cares about Liberty and free markets.
The BTC price chart went crazy with volatility upon the announcement this afternoon, but remained above 100,000 USD, sitting at $105k as I write this.
The daily chart is now a RIDICULOUS nonsensical mess of a pattern:
I mean, what the heck is that? I've been watching this chart since day 1, and I've never seen anything like that.
At least it appears to be bullish!?! But aside from that, all bets are off.
What do you think some implications of banning CBCDs will be on the crypto world? Are there cons as well as pros?
Gold continues to do well right now, surging to a new all-time high in Canadian Dollars today, $3982. That's $2778 USD for you Americans.
That photo is of a gold stack I just sold most of, to pay off a debt in fiat currency. I'm sad to see it gone, but it was lovely to hold it for a time, and quite nice that it appreciated rapidly while it was mine.
I look forward to bringing more good news soon. 2025 is my year! I hope it's your year as well.
DRutter