#SenatorLummis

⚯ Michel de Cryptadamus ⚯cryptadamist@universeodon.com
2025-01-04

#EricTrump and #MichaelSaylor are gearing up to receive that transfer of a trillion dollars of American taxpayer money.

Saylor has been borrowing more than $2 billion every week since the election, using it to lever up his #bitcoin holdings for a total of $17.9 billion in bitcoin purchases in 8 weeks. To put that number in perspective the market cap of his (massively overvalued & ponzi-esque) pot of bitcoins masquerading as a corporation is $83 billion. (The bitcoins themselves are only worth ~$43 billion which... doesn’t make any sense. Matt Levine and others have had a lot to say about it so I won’t get into it.)

Remember: the legislation to do the transfer of taxpayer money has already been drafted by Senator #CynthiaLummis of the world #moneylaundering HQ commonly known as "Wyoming".

#crypto #cryptocurrency #bitcoin #MSTR #Microstrategy #Trump #Election2024 #2024Election #Trump #DonaldTrump #uspol #uspolitics #politics #GOP #MAGA #MAGAts #Republicans #Wyoming #BTC #SenatorLummis

a photo of Michael Saylor and Eric Trump hanging outa tweet by Michael Saylor pumping the idea that the price of bitcoin will skyrocket as soon as Trump announces America's "Strategic Bitcoin Reserve".
⚯ Michel de Cryptadamus ⚯cryptadamist@universeodon.com
2024-12-10

The always excellent #WallStreetOnParade weighs in on the insanity of the #BitcoinStrategicReserve being flogged by Senator Cynthia Lummis and her army of crypto bros. I was not personally aware of the Exchange Stabilization Fund that they cite as a possible mechanism for Trump to enrich the bros with taxpayer money.

wallstreetonparade.com/2024/12

#crypto #bitcoin #CynthiaLummis #SenatorLummis #cryptocurrency #BTC #Trump #DonaldTrump #uspol #uspolitics

Trump Has a Slush Fund to Prop Up the Dollar - Will He Use It to Prop Up Bitcoin Instead?

By Pam Martens and Russ Martens: December 10, 2024 

The dark veil behind which the U.S. political system has operated since the U.S. Supreme Court's Citizens United decision and its progeny turned presidential elections into a subtle form of payoffs and kickbacks has been lifted.
Donald Trump is handing out cabinet posts and ambassadorships to his largest donors in the most scandalous manner in U.S. presidential history.
Now Trump's crypto megadonors are demanding their own
form of a kickback - a Bitcoin Strategic Reserve, where the U.S. government would, effectively, prop up the price of Bitcoin by buying up large amounts each year and holding it as a Strategic Reserve. (Skeptics might be forgiven for seeing that as a means for Bitcoin billionaires to sell their Bitcoin without driving down the price too much because there is a perpetual buyer on the other side of their trade.)

Client Info

Server: https://mastodon.social
Version: 2025.04
Repository: https://github.com/cyevgeniy/lmst