Trump Reveals US Strategic Crypto Reserve | Britcoiners by CoinCorner #160

Transcript

There'll be loads of people just getting ripped off, who are just putting money into these people's hands-these vile human beings-and you're just like, it's awful.

Right, let's go.

Agenda this week:

Trump's crypto strategic reserve announcement. Oh, what an announcement that was, eh?

Right, can we just get through the agenda first? We'll come back to that.

Bitcoin ETF flow.

GameStop.

Oklahoma's Bitcoin strategic reserve.

Jack Dorsey is Satoshi? (Called Jameson Lopp? No, that's complete nonsense.)

Right, James, the word 'dispute' is spreading rumours.

Spoiler alert.

And then just a lot of Trump.

I don't even want to talk about Trump.

You were literally just over it. It's also probably about 80% of the agenda.

Okay... it kind of is.

Is that because you're still holding the meme coin? How did that do yesterday? Let's check it out. How did Trump's official meme coin get on?

I think they found a... it's up on the day.

Of course, it pumped.

Oh yeah... not great, though.

Oh, it'll come back. He'll come back. Anyway, it's not having the best of times still.

Alright, let's do the Bitcoin price quickly.

Live price while we... 92 and a half, yep.

Last episode's price was 95.

Where was the last episode? Where's the low? The low has been 78.

Last episode? Oh yeah, we didn't do an episode last week, did we?

No, we were busy.

So yeah, we hit 78. We did hit it. Did everyone get a good buy-in at that sort of range?

I did. I was thinking around there.

I did. And then we say, thank you, Donald Trump, for getting our price back to where it was.

We'll come on to that shortly. We'll come on to that one shortly.

Right, should we kick off then with the crypto strategic reserve? The keyword there being 'crypto'. Are we going to go with that first, or should we work through the others first?

No, that's the big news.

That's the big news, yeah, but that could be a long one.

Big announcement. You were on Truth Social, were you? What, you saw it on Truth Social?

Did you? What? Truth Social?

Truth Social, that's what it was posted on. Are you asking Dave anything these days?

We've never even heard of Truth Social. What's that?

What, his platform?

Are you kidding?

What's it called?

Truth. Truth Social.

Truth? Donald Trump's got a platform?

Yeah, called Truth Social.

Are you kidding me right now? We discussed this.

All the opinions you have on Donald Trump, and you're not aware of his Trump Media company?

How long's he had that?

Most of his announcements come through there, and everyone just screenshots them and tweets them.

Yeah... oh, alright.

He has a whole media company based on it, and it's called Truth Social.

It's from when he was banned off Twitter. He made his own.

Great. We may have even talked about it.

We probably have. I thought he would have just stopped using it now he's got Twitter.

I think he's using both.

Oh, okay, because it can't have many people using Truth Social.

Goal, man. They call it Truth Social... beautiful.

Alright, anyway, was this yesterday's announcement, or the day before? Can't remember.

A few weeks ago, we talked about the crypto asset reserve, and I was pretty adamant it would be a portfolio of assets. Basically, I mentioned something about 'a camel is a horse designed by committee', blah blah. And he'll have so many people in his ear, and there's got no true conviction about Bitcoin whatsoever from the Trump family-who are actually degenerates-that they would just put a big portfolio of rubbish coins on it.

And that's what's happened.

A basket of shitcoins.

Yeah. So, making America great again. Good luck with that.

But Danny said it might be Bitcoin only, which he's been proved wrong about, no?

Do you want to caveat this first before you...?

No, you can caveat away.

I don't believe it's set in stone. There are still another five months to go yet.

Oh, okay, so you think they'll get taken off?

Trump doesn't get to decide it. The team gets to decide it.

Okay. Who's on his team?

It's Cynthia Lummis heading that up, and there's a couple of others-David Sacks, and Kara El, and a few others.

So where Trump said reserves that include XRP, Solana, Cardano-you think they'll get taken out in the next five months?

I think there are a lot of moving parts.

Oh, is it just that you hope they get taken out?

I would hope, yeah, that they do get taken out. I think so.

There are lots of things where, if it's a genuine strategic reserve-actually, let's take a step back. We'll come back to the actual XRP, Solana stuff shortly.

I believe this is more like a knee-jerk reaction from Trump because the markets were having a correction during the bull market, and prices dropped last week due to that correction. Trump, obviously, is coming in trying to be a 'crypto leader', etc. But, you know, when markets are not going in the right direction, politicians come out with things and do things to try and influence that and change it in the right direction-to give everyone confidence again.

So I believe this tweet is probably just an eject reaction to the correction in this market at the minute, where we had a big drop, and he needed to make sure he wanted to pull that market back to make it look better for him. Because it looked poor to him, being the 'crypto president', as he's called himself. As soon as he comes in, the market drops 30%.

Do you think he caused the correction?

Yeah, probably. The problem was the tariffs across Europe and all his major allies. He was just slapping tariffs on everything, and that's politics. Now, he's got to correct that because his tariffs are still going on in the background. But how does he correct the markets and price movements? Actually, doing a tweet like this helps correct it.