Two ways to slay the beast: Congress ends the Fed SBR and no capital gains on BTC Once BTC is de facto legal tender, then we will watch the Fed whither and die.

Do you agree?

I hope this is the last “alt cycle”. Can’t wait until ETH finally dies.

Don’t forget!

Polymarket

Will Trump create Bitcoin reserve in first 100 days? Pred... | Polymarket

Real-time odds on "Will Trump create Bitcoin reserve in first 100 days?" as of December 29, 2025.

👀 33% on polymarket. Expecting this market to get more liquid (and more accurate) as we get closer to Jan.

Will Trump create a National Bitcoin Reserve this year? Odds & Predictions 2026

Track what Kalshi's markets predict for "Will Trump create a National Bitcoin Reserve this year?", or trade it yourself.

👀 62% on Kalshi

From the Cantor conference (the CEO is Trump’s transition manager). Saylor saying the Lummis bill will generate $16T in value ($16M per BTC) $16T is half the 🇺🇸 debt. It’s a wild figure but entirely plausible. BTC and gold are the only two assets could be revalued in this way to back the debt. If the USA revalued gold, that would disproportionately benefit Russia and China who have massive reserves. The USA has disproportionately large holdings of BTC in MSTR, ETFs, etc. Makes BTC the better choice.

Money progresses sequentially through three stages: store of value —> medium of exchange —> unit of account. We’re at the store of value stage and won’t become a medium of exchange until venders prefer it. Customers will always prefer to spend their worse monies first. This is the Gresham / Thiers laws in economics.

Central Banking

‘I wish we were long bitcoin’ – central bankers on Trump 2.0 - Central Banking

Reserve managers at Central Banking Autumn Meetings warn of higher signal-to-noise ratio

👆central banks probably all pile in after the 🇺🇸 strategic reserve.

Thumzup Approves $1M Bitcoin Allocation for Treasury Reserve – Bitbo

Thumzup Media Corporation's board approves up to $1 million in Bitcoin purchases as a treasury reserve asset.

A small public company starting the MSTR playbook. Game theory playing out in front of our eyes.

Can Trump Order a Strategic Bitcoin Reserve? | Bitcoin Policy Institute

Trump might be able to do a “small” SBR by executive order. By small, meaning a MSTR size. He would need congress to ramp it up. But that would likely be a done deal. The price would jump and everyone would see the proof that it was a smart move.

I give a high probability to the 🇺🇸 strategic BTC reserve because of how aligned the country just became. Trump won all the swing states, the popular vote and now controls congress. Trump 1.0 made a lot of mistakes by picking neocons that undermined his agenda. So far Trump 2.0 seems to be avoiding those mistakes. He has a superstar team with universal recognition how they got screwed the first time around. In any event, we’ll probably know in January. Either it happens quickly or it won’t happen at all. It seems to me that his team know that others are starting to front-run them.

Yahoo Finance

Microsoft to consider bitcoin investment in December, despite board opposition

The board said it had already weighed the option of investing in bitcoin, and discouraged December

I’m starting to think this is more likely now. As the BTC price climbs, likely will get more supporters.

https://xcancel.com/TheBTCTherapist/status/1855635239965544528#m Do you need a laugh? 😂

https://xcancel.com/EuroDale/status/1855333432605516084#m I saw this and it was a good reminder that much of what’s happening now was predicted by the Sovereign Individual book. Including bitcoin and how it will break the welfare state and force nations to compete for intellectual property and capital. And the 4th Turning. We’re at the stage now where we battle existential crises, rip down old institutions and rebuild. Good books: Sovereign Individual, 4th Turning, When Money Dies, Lessons of History, Broken Money.

https://xcancel.com/justin_hart/status/1855460728347492432#m Alluding to the backstory that Obama didn’t want Kamala but Joe forced it by endorsing Kamala 30 mins after he dropped out.

Interesting to see how the 4th turning is coming together. We have the simmering wars and the escalating debt crisis to resolve. If I were Trump, I would trigger the debt crisis immediately upon taking office. No more measures to kick the can down the road. Better to have the crisis at the beginning so that they have the full four years to fix. If the crisis comes later, Trump will own it and it could affect his legacy. The global reserve system based on treasuries is dying, for the reasons we all know. The future system is either gold or bitcoin with massive price increases to back the debt. There is no other choice. The US has significant influence and could push the dominos towards one or the other. If it’s gold, the BRICS countries, including Russia and China, disproportionately benefit. They have been building up their gold reserves. If it’s bitcoin, then US citizens disproportionately benefit because most of the coins are held by Americans. What will it be? Which one will the US start buying and pushing on other countries? And Trump has so many bitcoiners on his team… 🚀

https://xcancel.com/TheBrandonMorse/status/1854561227109757239 Ladies moving so far politically left they’re now right

Spotify

#1427 Howard Lutnick | Bitcoin & Tariffs Will Save The US Economy

The Pomp Podcast · Episode

Trump’s transition manager. Peek into how they’re thinking about governance. Incredible story at the end.