The $1.5 Trillion Tantrum

This Week in Bitcoin

Powell pulls the punchbowl and $1.5 trillion in 'paper wealth' vanishes. I'll unpack Wall Street's meltdown, JPOW's 'maybe we'll cut, maybe we won’t' strategy, and how inflation still runs the show.
Then, we take a serious look at the idea of a U.S. Strategic Bitcoin Reserve. Could an executive order make it happen overnight?
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LINKS:

• What Is the National Debt Costing Us?
• Bitcoin Miner Hut 8 Buys $100M BTC Bringing Total Holdings to $1B
• The Dutch government urged to establish a National Bitcoin Reserve in an open letter.
• CNBC Daily Open: Expectations on Fed cuts were the lethal blow to markets
• El Salvador secures $3.5 billion IMF financing package after agreeing to make accepting Bitcoin voluntary and unwind its Chivo wallet.
• Bitcoin Crosses $108k, US Spot ETFs Are The Largest Holder, MSTR To Enter Nasdaq-100
• US Federal Reserve cuts fed funds rate by 25 basis points
• SUMMARY OF FED CHAIR POWELL'S STATEMENT (12/18/24)
• Bitcoin Policy Institute drafts Executive Order for a Strategic Bitcoin Reserve for President Trump
• A US strategic reserve could push bitcoin to $500K: Bitwise CIO - YouTube
• FASB Officially Adopts Fair Value Accounting Rules for Bitcoin Starting December 2024
• El Salvador to Scale Back Bitcoin Policies for $1.4 Billion IMF Loan Deal
• BlackRock releases 3 minute educational video explaining what Bitcoin is.

MUSIC:

• Digital Age Blues by Simon C