While most people's eyes are pointed firmly at Ukraine, and others at the raging commodities markets, U.S. President Joe Biden signed an executive order last week. In this order, Biden is calling on the government to examine the risks and benefits of bitcoin and cryptocurrencies.
To save you the trouble of reading through all that technical mumbo jumbo, I've pulled out the key points and I'll highlight the bullshit in it too.
Again, this is my interpretation, don't take my word for it, read the shit yourself and make up your own mind. You're a grown-ass fucking man or woman, deal with it. You are literate, use it.
In the executive order, they highlighted 7 key areas:
- Consumer and investor protection
- Financial stability
- Illicit activity
- U.S. competitiveness on a global stage
- Financial inclusion
- Responsible innovation
- Climate change
If you want to read about each point in detail you can check out this article.
Finance bros capturing crypto
After the order was released, prices of bitcoin and altcoins rallied because there wasn't anything explicitly harmful like a ban or more regulation yet. The policy agenda is aimed to clear the air and remove uncertainty for an industry that has already been rocked by numerous regulatory hiccups and scandals.
This just means wall street and silicon valley have been asking to be left alone and paid off some higher-ups to write this bill that grandpa Biden doesn't understand but signed.
CBCDs all but confirmed
The reason why I think they've being momentarily crypto-friendly is to lead lambs to the slaughter. What I think will happen is they will allow more people to get into crypto and continue to grow it as a multi-trillion dollar market without much intervention. All the while gathering data from these blockchains and capturing those who work on them in the background.
As they get these companies to work on their CBDC, they'll start to put in rules to push that crypto capital back into their CBDC and with most morons using shitcoins on exchanges and these faux hot wallets that don't mean dick because you can't run a node to bypass the rules of third party nodes, you're doing to be shit out of luck.
You're capital in crypto will eventually get captured, it will be forced taxes on you, you will have to liquidate into a CBDC and because crypto never bothered with real privacy tech and robust P2P markets nor have the individual learned about opsec, they will be forced out of their positions and into CBDCs, propping up a broken dollar system.
Enjoy it while it lasts
This operation to me is a false flag, pulling more people into a state of overconfidence in the crypto market, and that's exactly where the government wants you. To think you're untouchable until you're fat and lazy and will fall through that trap door.
Don't say I didn't warn you.
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