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Trump seems enamored with Bitcoin

Summary:
He basically sent a message to Bitcoin owners that higher prices are coming.

Topics:
Mike Norman considers the following as important:

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He basically sent a message to Bitcoin owners that higher prices are coming.
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

22 comments

  1. Justin Sun, $30 million investment, World Liberty Financial , Trump: CORRUPTION
    Easy enough to figure out "bitcoin," MIKE

  2. Boomer economics 🙂

    • @@nitinnp Mike in 1980s “Computers are useless”..
      Mike in 1990s “The Internet is useless”..
      Mike in 2000s “Crypto is useless”..

  3. as long as I can get a dozen eggs for under $2, I'm happy…LOL

  4. trump is the bitcoin president thats why rfk jr gave him the vote and BlackRock is loading up and also have access tp private credit which indicates that they will get bailed out

  5. banks are quantative easing to create more debt which banks use as loans

  6. Trump actually owns more ETH than BTC

    There's five countries already that have adopted bitcoin as a reserve. Once the U.S. does it most countries will follow suit

    Whether its 5 years or 500 years we can all agree that fiat is not the future of currency. We don't have to like btc, but we will respect it

    My crypto returns have smashed my stock market and real estate returns combined, many X's over in only 8 yrs, compared to all 34 yrs of stocks/RE

    I readily admit that I take profits into USD as crypto still too unstable 🤷

  7. Good content..

    I think the danger is, two very headstrong characters – Trump + Musk… that relationship may not last too long.. maybe months at most.

    Oh.. and a bit too much exposed flesh, maybe a T-shirt would be a good idea..:

  8. @hoshinotanecedryctensaibat9711

    Agreed. And for the US to sell their gold reserves, that would go directly against the dollar too.

  9. GRIFT coin and a grifter. Its a match made in heaven. LMAO

  10. Part of the attraction of bitcoin is that there is no debt (i.e. no liability) associated with it. Ignorance and irrational fear of the national debt has stirred up a kind of fan culture for technobros and numerical mining as a substitute for currency.

  11. @TheFunkadelicFan

    For chrissake, Mike. What did you expect? I mean, seriously?

  12. They dont teach proper investing at school for a reason.
    Bitcoin by being limited in supply may be used as a so called store of value.
    But Bitcoin does not represent the enormous leap in technology that blockchain itself presents.
    The entire financial world is about to go through a once in a millennial shift. Within a few years everything financial will be run on blockchains.
    For example most stocks will be 'tokenised' onto the blockchain allowing for 24/7 trading and instant settlement.
    Most patents, which represent trillions in value, will be on block chain.
    Bitcoin in many respects is a distraction as it has no real utility.
    Check out some of Raul Pal's YT videos for a macro perspective on the blockchain industry and how its going to affect most people within the next few years.

  13. Trump is an actor

  14. really the dumbest thing a president can do it turn against the dollar

  15. Mike- I love your comments about worrying more about how you can take money from the willfully ignorant so don't worry about inside information as it pertains to your own situation, but I think the book should be thrown at bad actors, wouldn't you agree? This is necessary in order to maintain sound and reliable institutions.

  16. Trump is a self-serving crook who surrounds himself with other self-serving crooks. Why is Mike acting all surprised at Trump's behavior is beyond me and makes me question everything else he says. Is it just a blind spot or bad analysis overall?

  17. “I find the technology intellectually challenging”, I’ve never read a single book, been to a conference or had an honest debate on the topic, but yeah, listen to my opinion. Keep in mind Mike’s pit trading job was eliminated by… Wait for it… Computers.

  18. Mike in 1980s “Computers are useless”..
    Mike in 1990s “The Internet is useless”..
    Mike in 2000s “Crypto is useless”..

  19. Trump is a moron !

  20. Banana taped to a wall

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