I personally think everyone promoting Bitcoin should imprisoned for fraud
FTX founder Sam Bankman-Fried sentenced to 25 years on crypto fraud charges[quote=“Elt1, post:4654, topic:2417, full:true”]
FTX founder Sam Bankman-Fried sentenced to 25 years on crypto fraud charges
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After yesterday’s nearly 24% gain in price, today so far gain another 15%…
More more more 
ETH spot ETF’s just got approved.
That’s not even the most significant news this week. There is a complete sea change in the Biden admin’s crypto policy:
And now the ETH ETF approval. A complete 180 change in just one week.
By Lorenzo Valente
Research Associate
Last week, the U.S. House of Representatives passed FIT21 (Financial Innovation and Technology for the 21st Century) Act, designed to provide the transparency, consumer protection, and legal clarity required to legitimize and grow the digital assets industry on American soil. In the face of well-publicized resistance from the SEC and the current administration FIT21 passed with bipartisan support: 279 votes in favor and 136 against the Act. This surprising win could be the first step toward a comprehensive regulatory framework for the crypto/digital assets industry.
As the House was tallying the votes for FIT 21, the SEC suddenly began engaging with Ethereum ETF issuers, suggesting that some or all the ETFs could be approved this week. Last Monday, the leading prediction market, Polymarket, gave 11% odds that the SEC would approve the Ethereum ETF applications. Things changed abruptly on Tuesday, when the SEC began engaging with the Ethereum ETF issuers on their 19b-4 filings. By 5pm EST on Thursday, the SEC had approved eight Ethereum ETFs.10
If FIT 21 makes its way to the US. Senate and Ethereum ETFs begin trading during the next few weeks, the digital assets industry seems poised for some of the greatest legislative breakthroughs to date. In the thick of the election year campaign season, the bipartisan support for digital assets is striking.
CLSK is a bitcoin miner. Below is an EW count by a Xer. I have similar count.
Disclosure:
Have a risky position…
HongKongers are gamblers. I reduce my COIN holdings while they increase their holdings.
Btw, Cat is not wrong to do that. I have added heavily when COIN dips below $180, now that it is up again, I reduce back to my original position size (prior to the dip)… just risk management… ofc, I could have waited for price to go above $285, just don’t want to be too greedy.
Note: Given Trump victory, wave 5 could be an extended wave i.e. at least $450. If not extended, would be less than $350.
How high can BTC rise to (before a correction) if Trump makes BTC a Treasury reserve?
Targets utter by experts: $85k, $100k, $120k, … million dollar.
Treasury reserve will most likely not happen. Bitcoin is just not big enough and I suspect Powell will have a say and he’s not a fan.
The tailwind mostly comes from a friendly SEC. I think BTC can reach 250k this cycle? But likely has some small corrections along the way.
I meant a crypto friendly SEC is the new tailwind.
The old tailwind that has been blowing for a while is the global monetary easing. Every major central bank in the world is cutting rates. China not only cut rates but actively pumping money in.
Nov 11, 2024
All crypto related financial instruments
Liberal leaning Mag 7 
The only conservative Mag 7 
.
Just in case, correction = 10-20% price decline from recent ATH.
According to my computation (EW), first target is $85-$90 (here already). If can go above $90, next target is $110-$120.
If happens, is huge. USA is the leader in finance. Other nations and corporations would follow if BTC is made a Treasury reserve. $1million would be the price target 
Well, if any signs that it will, would 5-10x my investment in GBTC.
Above $90k but how come CLSK and COIN are down? Anyhoo, patiently waiting for $110k-$120k.
Behavior of COIN is erratic… for no good reason, it tumbled to $146 in Sep, now trading above $310, more than double in about 2 months. After few years of owning the stock, quite use to this kind of volatility.
