Powell pulls the punchbowl and $1.5 trillion in 'paper wealth' vanishes. I'll unpack Wall Street's meltdown, JPOW's 'maybe we'll cut, maybe we won’t' strategy, and how inflation still runs the show.
Then, we take a serious look at the idea of a U.S. Strategic Bitcoin Reserve. Could an executive order make it happen overnight?
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LINKS:

What Is the National Debt Costing Us?
Bitcoin Miner Hut 8 Buys $100M BTC Bringing Total Holdings to $1B
The Dutch government urged to establish a National Bitcoin Reserve in an open letter.
CNBC Daily Open: Expectations on Fed cuts were the lethal blow to markets
El Salvador secures $3.5 billion IMF financing package after agreeing to make accepting Bitcoin voluntary and unwind its Chivo wallet.
Bitcoin Crosses $108k, US Spot ETFs Are The Largest Holder, MSTR To Enter Nasdaq-100
US Federal Reserve cuts fed funds rate by 25 basis points
SUMMARY OF FED CHAIR POWELL'S STATEMENT (12/18/24)
Bitcoin Policy Institute drafts Executive Order for a Strategic Bitcoin Reserve for President Trump
A US strategic reserve could push bitcoin to $500K: Bitwise CIO - YouTube
FASB Officially Adopts Fair Value Accounting Rules for Bitcoin Starting December 2024
El Salvador to Scale Back Bitcoin Policies for $1.4 Billion IMF Loan Deal
BlackRock releases 3 minute educational video explaining what Bitcoin is.

MUSIC:

Digital Age Blues by Simon C

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