It's Trump! Bitcoin readies run to $100,000
It's Trump! Bitcoin readies run to $100,000
Dear Readers,
Americans resoundingly rejected economic illiteracy in this week’s nationwide election, and I’ll give you a brief summary of why.
In exit polls across news providers, the economy proved to be voters’ most important issue. If the leading economic voice of the incumbent party, Elizabeth Warren, blames grocery store CEOs for rising food prices, it deserves to be stripped of policymaking relevance for sheer economic illiteracy, a moronic unawareness of basic math, and the inability to connect the dots between inflation and $10 trillion in deficit spending. With the Massachusetts electorate unable to do the job themselves (Warren retained her seat), the nation took matters into its own hands, assigning both the executive and legislative branches of government to Republicans by healthy margins. Bitcoin entrepreneurs, free speech champions, and this author can all breathe a sigh of relief that communist policies were not only rejected, but punished by voters. Finally, the way Trump captured the popular vote by approximately 5 million votes as of this writing proves the American people have economic common sense.
Bitcoin, stocks, and Treasury yields are all behaving exactly as we outlined 26 days ago when we correctly predicted the election result.
Now, it’s time to process the immense implications from the largest tax cut in American history. I give a rare multi-year outlook due to this seismic shift in political power. The world has changed—Trump, familiar with bankruptcy and borrowing, is about to reshape the US Treasury market with a secret weapon.
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