WALL STREET IS BLOCKING BITCOIN LAW. THE SENATE HAS 8 WEEKS.
- Strategy bought 1,550 BTC for $101M, lowered cost basis
- Dimon vows to fight Clarity Act, slams Armstrong on Fox
- Lummis: fail this year, wait until 2030
- BlackRock IBIT led $1.72B in weekly ETF outflows
JP MORGAN: "The debasement trade is dead."
The same week:
Hormuz choked the oil.
A flesh-eating parasite hit the US cattle supply.
Wheat spiked 58% in five months.
CPI hit a three-year high.
They buried it on page nine.
The debasement trade isn't dead. It's on sale. 👇
They waived the profitability test.
They're fast-tracking SpaceX into the S&P 500 and major indices within days of the IPO — a process that used to take quarters and required actual earnings.
Rules that existed for decades, gone. For one company. One IPO.
Meanwhile Bitcoin and gold are the two worst performing major assets right now.
That is not a coincidence. The institutions are rotating out of hard money to manufacture exit liquidity for retail on a $2 trillion valuation built on hype, not earnings.
You are the exit liquidity. Don't be.
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Bitcoin is down 50%. Gold is in a bear market. The Fed might hike again.
Every chart says the debasement trade is dead.
Hurley's argument on Truth Block tonight: it isn't dead. It's delayed. And the delay is doing something useful, exposing what your conviction was actually made of.
$1.3 trillion in annual interest. More than the defense budget. Every door ends at the printer. The Fed only decides the date.
If your conviction was rooted in the price, it's evaporating right now. 👇
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