🐺Building the Scaffolding for the Bull

What a week it has been! From executive orders to leadership restructuring, we are witnessing what will be the scaffolding for the crypto and digital asset market to run on for the next decade!

Something that was really telling, was the official statement put out by Senator Cynthia Lummis regarding the Bitcoin Strategic Reserve, she stated that it won’t just be Bitcoin, but rather any digital asset that they deem worthwhile. This was with WLF buying Chainlink, Solana, XRP, and Ethereum—but predominantly—Ethereum.

What we are not going to do is turn this issue of the newsletter into a glaze-fest for President Trump, but we are going to talk about the promises he made regarding digital assets, which he is keeping. 

This list contains but is not limited to:

• Banning CBDC’s. 

  • Central Bank Digital Currencies

    • Arguably the worst application of cryptocurrency capabilities, leading to expiring monthly income (basically food stamps), and preventing wealth accumulation.

    • Short time-horizons on a means of exchange drive poor decision making (YOLO) as there is no tangible way to get your family out of the debt cycle or simply build wealth (paraphrased from Saifedean Ammous, The Fiat Standard).

• Declaring the U.S. to be the Capital of Crypto and AI

  • 3 $500b AI supercenters signed into fruition, production will begin shortly (OpenAI, Oracle, and Softbank namely)

  • The intersection of crypto and AI is extremely bullish

• Appointed Senator Cynthia Lummis to Chair the Senate Banking and Digital Assets Subcommittee

  

• Pardoned Ross Ultbricht (Silk Road founder, Bitcoin OG, and pioneer of privacy technology)

• Repealed SAB 21: which will allow Banks to custody bitcoin and other digital assets

• Enabled Hester Peirce, crypto-friendly new head of the Securities and Exchange Commission, to head up a task force (quite the opposite of Janet Yellen, and the anti-crypto army) to set crypto-related regulations straight.

We casually blasted through a Bitcoin all-time high this week as well, touching 109K on some exchanges, and it didn’t even get that much exposure in the news. Michael Saylor casually moved towards paying off $1.05B in convertible notes (from 2027), so that he can clear debt from the Microstrategy balance sheet and proceed to acquire more Bitcoin. $MSTR has historically been the best way for tradfi-natives to get crypto exposure. Pretty wild since they already own 2.195% of the entire supply. Kansas also became the 7th state to file for a Bitcoin Strategic Reserve. It is still wild to me that you can now custody Bitcoin in your tax-free accounts via ETF’s and options.

With Trump hinting at:

• No federal income tax (serious consideration)

• Lowered interest rates

&

• Potentially no capital gains tax on cryptocurrency

We are positioning ourselves for a massive run where risk-on assets will go brrr (technical term in crypto).

Although you’ve heard it quite a few times by now, $TRUMP and $MELANIA meme coins were launched by the Trump team and helped to wake up Solana. Interestingly enough, most of the liquidity they gained from these went right back to purchasing $ETH under the World Liberty Financial name. All of this will be interesting to see how it shapes the landscape of $WLFI (yes, they have their own token as well).

(pulled from https://www.worldlibertyfinancial.com/us/token-sale )

This morning (Friday) we finally woke up to the market responding to consistent, massive purchases of altcoins by World Liberty Financial (Trump’s team). Hold on to your butts, this golden-fabled bull run will be one for the ages!

Speak soon!

V/r,

Noah (Nono) Major