Election 2024: The Bitcoin Presidential Election
Election 2024: The Bitcoin Presidential Election
The Bitcoin Wars Part 27
"Presidents don't have power. Their job is to draw attention away from it." -Douglas Adams
FWIW, I'd vote for Douglas Adams's ghost if it could inhabit a modestly useful body legally able to run for President of the United States.
Find other Bitcoin Wars articles here. Find more discussion at the RTE Locals community.
First off, apologies for the long break between articles. I enjoy writing a great deal, but lately I've been reading—a lot. Much of that reading will play into future articles, and you might say that I'm spelunking some unusual and productive rabbit holes. I'm also suffering a mild resurgence of Covid symptoms, which I hope sorts itself out soon. It's not nearly as bad as three weeks ago, but it does constitute an energy drain. I'm also splitting time engineering processes for the company I'm building with friends on the side.
I've been observing RFK Jr. and the 2024 presidential election field, mostly without chiming in. As a nonpartisan who has never voted within the Institutional Duopoly regime (ID regime) in a national election, and who has never once voted for anyone at a state or national level who won any election ever (really), I tend to focus on politics less as a personal battleground than I do for understanding the implications. As for making a positive impact in the world, I focus primarily on education and technology (including business/economics).
However, I cannot help but to observe how much more chaotic politics has become in recent years. I believe that the mortgage bond market crash marked the beginning of the end of an era insofar as the powers that be (including the militaries) are making dramatic moves in preparation. If Trump and Biden have been circuses of a new sort, the Russian invasion of Ukraine has oddly shaped the horrors of war into a surreal political reality TV show.
Where should we begin talking about the upcoming Bitcoin Presidential Election?
The Blackrock ETF and Million Dollar Bitcoin
Is the financial system prepared for…this?
A Bitcoin ETF has been discussed for years. Numerous institutions have applied for the right to run a Bitcoin ETF. Until now, all such applications have been rejected. The Bitcoin ETF is an instrument allowed by the powerful authorities at the time of their choosing. Keep that in mind as you consider my argument that 2024 is the Bitcoin Election.
In strolls financial behemoth Blackrock after more than three years of plandemonium. Number go up!
Don't expect that to slow down for long.
Bitcoiners have long discussed how the supply of Bitcoin in the market could dry up quickly once the greedy-but-technophobic investors had access to a Bitcoin ETF. The result could be a price explosion. There are multiple influencers talking about Million Dollar Bitcoin this year. The 12% of Bitcoin sitting on exchanges could largely be pulled as the next wave of investors—including large, institutional investors—pile into Bitcoin.
That would boost the market cap of Bitcoin from around $0.6 trillion to just shy of $20 trillion! The stakes are extremely high for Bitcoiners—whoever they might be.
There is a discussion about a possible "Operation Chokepoint", which would limit the participation of the outcast class as buyers of Bitcoin.
And yet, the Blackrock ETF will open up Bitcoin investment—at least through a trusted third party (if you trust that sort of relationship)---to an extremely wide array of wealthy people. I've had to wonder if this is the last Bitcoin scam before the Age of Bitcoin arrives (as in, "Will Blackrock use that Bitcoin to hedge itself while impoverishing the people when the poopie hits the fan?").
If you're not aware of what happened with Executive Order 6102, signed by FDR in 1933—now is the time to review that history, and consider the trust liabilities of the present moment.
Can the federal government take your Bitcoin held on exchanges, or backing financial instruments?
Yes. Yes, they can.
And yet, that won't prevent the moment…
Why 2024 is the Bitcoin Election Year
How many people knew that one of the 2020 presidential candidates was a Bitcoin billionaire?
There are some important highlights of this brief interview with 2020 POTUS candidate Brock Pierce that many viewers might miss, so I will summarize them:
Counterintuitively, this billionaire Bitcoiner is thrilled for Darth Blackrock to get "special treatment" in being given a monopoly position with the first Bitcoin ETF. This shouldn't be so hard to understand if Pierce makes $25 billion or so from the price action, though I won't suggest that such astronomical wealth is his only motivation.
Pierce ran a reconnaissance mission to understand how an outsider candidate would be attacked by the system. While Pierce supported the outsider president of El Salvador in his election—and also the current mayor of New York City in his victorious bid—we should think of Pierce as a member of an outsider community, not the only person studying the immune system of the present regime.
Understand that Pierce is nothing like the largest holder of Bitcoin. His Tether co-founder Craig Sellers stands to gain even more from an explosion in the value of Bitcoin.
Incidentally, the San Juan Summit (dissident discussion of vaccine dangers) took place at Pierce's mansion in Puerto Rico in 2021.
I also met Sellers in Old San Juan. He gave me his phone number, which I call daily and ask if his car warranty is up-to-date.
The CEO of Roundtable Media, the media team that ran the show at the San Juan Summit, where Pierce sits on the Board, is an avid supporter of RFK Jr.
RFK Jr. made a major statement in Miami with an intelligent and well-informed speech that I suspect he had some help with (though he clearly knows much more about Bitcoin than the vast majority of politicians).
Is it starting to make sense why some Bitcoin trading cards are being priced in the ballpark of $30,000?
More to the point, $18 or so trillion worth of new market cap is the sort of money that can swing an election. Given the current economic state, few candidates are likely to be able to compete with such new money that is likely to be stoked by a candidate who supports Bitcoin.
Understand that while I hold Bitcoin, I'm not endorsing RFK Jr. on that basis. I still don't know whom I might vote for. I'm just explaining the facts from the Bitcoin perspective—and why Election 2024 might be "The Bitcoin Election".
Unknown... Doubtful...
Stop looking to leaders and decentralize.
Of all the underhanded ploys that are in play now, the biggest isn’t even a conspiracy. A conspiracy, by definition, must be covert. Central banking openly drives most of humanity into poverty.
Any presidential candidate that openly (and authentically)supports decentralized exchange of value cannot be pro establishment. I would venture to say that such a candidate is going to make a few friends on his way to making many more enemies. Let’s hope his new friends have deep pockets.
Wondering how long you will go without endorsing someone 😉