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  • 12/14/24: Trump Neutralizes Cramer 🦅👨‍⚖️🇯🇵

12/14/24: Trump Neutralizes Cramer 🦅👨‍⚖️🇯🇵

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Top News

  1. Trump trolls Cramer, teases strategic Bitcoin reserve on CNBC

  2. Satoshi-era Bitcoin buyer jailed in 1st crypto tax evasion case

  3. Japanese MP named Satoshi calls for national Bitcoin reserve

Specs’ Insights

1. Trump trolls Cramer, teases strategic Bitcoin reserve on CNBC

⌐◪-◪ → Trump just trolled Cramer and pumped BTC!

US President-elect Donald Trump just roasted Jim Cramer live on CNBC at the New York Stock Exchange. Cramer, a walking top-signal, asked Trump if people should buy more stocks. Trump joked about not wanting people to buy before a dip, then roasted Cramer, saying, “you know that better than anybody in the world.”

But the bigger moment came when Trump was asked about crypto. He pushed for a strategic Bitcoin reserve, saying, “we are going to do something great with crypto” to ensure the US stays ahead of China. Part of Trump’s plan includes doubling the country’s energy generation capacity to dominate both crypto and AI.

Meanwhile, Texas filed a bill to create its own strategic Bitcoin reserve, showing just how inevitable the Bitcoin standard is.

Say it with me everybody: first corps, then banks, then states, then nations. We are going so much here.

2. Satoshi-era Bitcoin buyer jailed in 1st crypto tax evasion case

⌐◪-◪ → Nothing is certain, except death and taxes.

A Satoshi-era Bitcoin investor, Frank Richard Ahlgren III, was sentenced to two years in prison for underreporting $3.7M in Bitcoin sales.

Ahlgren bought Bitcoin as early as 2011 and, in 2017, sold 640 BTC to buy a house in Park City, Utah. His fatal mistake? Lying to his accountant and submitting a false summary of his gains, inflating his cost basis. He also tried to cover his tracks with multiple wallets, in-person cash trades, and money mixers—but it wasn’t enough.

Blockchain may give individuals unprecedented control over their money, but it’s also highly traceable. It’s never been easier to follow the money, and with big data and AI, interpreting the blockchain is only getting easier.

The bottom line: crypto is one of the worst places to commit a crime as you’re effectively etching it in stone forever, and big data + AI is only making it easier and easier to interpret the chain.

Nice try, Frank. See ya later.

3. Japanese MP named Satoshi calls for national Bitcoin reserve

⌐◪-◪ → Satoshi is real after all!

Just kidding, but — in a wild coincidence — a Japanese Member of Parliament, Satoshi Hamada, just urged Japan to explore a national Bitcoin reserve.

The game theory of a US Bitcoin reserve is already playing out. Earlier this week, a Russian legislator proposed the same. Now Japan is in the mix, with Satoshi himself (well, sort of) urging the country to act. I cannot think of a better omen, it’s like we’re living in a simulation.

The real question is, who’s going first? The US, Hong Kong, Russia, Japan, or a wildcard? My bullish senses are tingling.

Everything Else

📈 Market Snapshot

  • Bitcoin → $100,712.73 ▼ 0.64% (24h)

  • Ethereum → $3,932.93 ▼ 0.64% (24h)

  • XRP → $2.45 ▲ 1.55% (24h)

  • Solana → $223.61 ▼ 3.29% (24h)

  • Chainlink up 22% this week after Trump World Liberty purchases

  • Riot Platforms rises 6% as activist investor Starboard buys shares

  • HYPE hits new all-time high on rumors of staking and L1

  • CHILLGUY plummets 45% on X account hack and IP issues

  • FARTCOIN flips GOAT, the most entertaining outcome

⛓️ Crypto & DeFi

🏦 Wall Street & VC

🏛️ Legal & Regulatory

🌎 Rest Of The World

🖼️ NFTs & Metaverse

  • It’s quiet here, too quiet…

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