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Bitcoin Whale Shorted $1.1B Right Before Tariffs

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Re: Bitcoin Whale Shorted $1.1B Right Before Tariffs

#11

Post by wredcoll »

jiggawatts wrote: post #9
jazzyjackson wrote: post #4

It makes me want to riot that we've allowed the presidents whole family to leverage their wealth on Bitcoin, its such an outrageous conflict of interest, literally with a few million up front you stand to become unbelievably wealthy by yanking the USD's reserve currency status. Real monkeys paw action here tho because I always liked the idea of BTC as a viable alternate to USD, but, not like this.

As someone looking in at the USA from the outside, it absolutely blows my mind that the country went from “give up the peanut farm” to this: https://en.wikipedia.org/wiki/$Trump Like… what!? I have no words.

It is genuinely amazing how fast it feels like it happened.

The whole monica lewisnky thing happened because there was an investigation into Clinton making maybe 100k off a partnership with a guy who later got arrested.

Granted that was over 20 years ago now, but like, hillarys emails???

Re: Bitcoin Whale Shorted $1.1B Right Before Tariffs

#12

Post by finghin »

1oooqooq wrote: post #6
jazzyjackson wrote: post #4

It makes me want to riot that we've allowed the presidents whole family to leverage their wealth on Bitcoin, its such an outrageous conflict of interest, literally with a few million up front you stand to become unbelievably wealthy by yanking the USD's reserve currency status. Real monkeys paw action here tho because I always liked the idea of BTC as a viable alternate to USD, but, not like this.

they would have profited anyway. be it stocks or forex. using btc only makes it public i guess?

Perhaps it makes the burden of proof for the accusation higher, though?

Re: Bitcoin Whale Shorted $1.1B Right Before Tariffs

#13

Post by billy99k »

wredcoll wrote: post #11
jiggawatts wrote: post #9

Earlier quoted context omitted.

As someone looking in at the USA from the outside, it absolutely blows my mind that the country went from “give up the peanut farm” to this: https://en.wikipedia.org/wiki/$Trump Like… what!? I have no words.

It is genuinely amazing how fast it feels like it happened. The whole monica lewisnky thing happened because there was an investigation into Clinton making maybe 100k off a partnership with a guy who later got arrested. Granted that was over 20 years ago now, but like, hillarys emails???

[flagged]

Re: Bitcoin Whale Shorted $1.1B Right Before Tariffs

#14

Post by estearum »

billy99k wrote: post #13
wredcoll wrote: post #11

Earlier quoted context omitted.

It is genuinely amazing how fast it feels like it happened. The whole monica lewisnky thing happened because there was an investigation into Clinton making maybe 100k off a partnership with a guy who later got arrested. Granted that was over 20 years ago now, but like, hillarys emails???

[flagged]

That's not what happened. What they said is that it was definitely a violation, there did not appear to be a chargeable crime.

Re: Bitcoin Whale Shorted $1.1B Right Before Tariffs

#15

Post by AnimalMuppet »

estearum wrote: post #14
billy99k wrote: post #13

Earlier quoted context omitted.

[flagged]

That's not what happened. What they said is that it was definitely a violation, there did not appear to be a chargeable crime.

Regular people get charged for that level of violating regulations around classified information. They also get charged for having classified information in their bathroom or in their garage.

Re: Bitcoin Whale Shorted $1.1B Right Before Tariffs

#18

Post by estearum »

AnimalMuppet wrote: post #15
estearum wrote: post #14

Earlier quoted context omitted.

That's not what happened. What they said is that it was definitely a violation, there did not appear to be a chargeable crime.

Regular people get charged for that level of violating regulations around classified information. They also get charged for having classified information in their bathroom or in their garage.

Yeah agreed. I'm not sure any civilian politician would really be charged for that type of violation though. Would've been nice if the DNC apparatus didn't downplay as if it didn't matter at all though: it does!

Note that this is actually quite different from the Mar-a-Lago case where Trump was asked to return documents, he said he did, then said he didn't have them, then asked people "what if we just said we didn't have them", then he was asked to return them again, and he said he didn't know anything about it.

Re: Bitcoin Whale Shorted $1.1B Right Before Tariffs

#19

Post by colonCapitalDee »

1oooqooq wrote: post #6
jazzyjackson wrote: post #4

It makes me want to riot that we've allowed the presidents whole family to leverage their wealth on Bitcoin, its such an outrageous conflict of interest, literally with a few million up front you stand to become unbelievably wealthy by yanking the USD's reserve currency status. Real monkeys paw action here tho because I always liked the idea of BTC as a viable alternate to USD, but, not like this.

they would have profited anyway. be it stocks or forex. using btc only makes it public i guess?

BTC means they can pull wealth out of the system at astonishing rates. Trump & Co are hardly the first to be corrupt, but the scale, the blatentness, and the damage being done to the country as a byproduct is unprecedented in modern history

Re: Bitcoin Whale Shorted $1.1B Right Before Tariffs

#20

Post by rhyperior »

gautamcgoel wrote: post #17

I'm confused: why would you short BTC if you knew in advance that additional tariffs would be announced? Wouldn't you expect that to increase the dollar value of BTC due to depreciation of the dollar?

If only BTC were a decorrelated, alternative investment.
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