Ethereum Up Nearly 20 Percent In A Week As Rally Intensifies - News 10/26/2022
Earlier in the week, CFTC's chairman said Bitcoin and Ether are absolutely commodities. This could be part of what's behind the market jubilation at the moment.
CFTC reiterating it thinks Bitcoin and Ether are commodities, not securities, and that it wants to regulate them is certainly a bullish signal.
The SEC has been a bad, uneven, and at times malicious regulator — it’s hard to imagine how much further ahead crypto would be in the United States if they hadn’t taken an extraordinary eight years to approve the first bitcoin futures based ETF (and they still have yet to approve a single true spot based bitcoin ETF) … plus all the fear and judgment the SEC cast toward otherwise responsible crypto investors in America. NO good.
America dominated with the Internet and dot-com era about two decades ago, why should some regulators prevent us from being the center of the new thing today?
Additionally, inflation data remains red hot throughout the West, and many watchers think Ethereum is rarer than ever since most ETH isn’t currently staked — meaning most of it isn’t being used to generate more ETH, so the expected new ETH supply is less than it would have been under a continued mining schedule.
Did FULCRUM just win the whole world?
It was always supposed to end like this… it just took a couple years longer than I had expected. Not my fault! I was robbed from back in 2020, and that slowed my journey a little. Then the pizza head shitstains in DC - people who inherited all their money, and who collect multi-million dollar art pieces of demon turds harming children and stuff like that — these fruitcakes… the real deep state… really had it in for yours truly.
Yet I persevered, as did the broader FULCRUM community.
Thank you all.
Can’t keep a good idea down.
This crypto rally would be theirs, also, it would be shared by the pizza heads. Yet it isn’t, because they never read up, they never studied this extraordinary asset class — they were too busy collecting artwork of demon turds scaring children, and spirit cooking with Marina Abramovic, and pushing ineffective vaccines with almost pathological zealotry that they never got around to stacking sats and wei.
That’s the truth, and the silver lining.
A lot of these rich child trafficking shit stains in DC and Virginia aren’t in crypto at all, because they didn’t pay attention, and then they dismissed it.
Thankfully, peer to peer money wipes out their weird world of child trafficking, snuff kompromat, and gangstalking.
It’s a peer to peer money world now, so I suppose it’s fitting the deranged legacy inheritors of the old system were blind to the new system’s power — they didn’t hodl. Hell, they didn’t even jump in to the pool.
And best of all, we don’t need these people at all. Where we are going, if you inherited some central bank “money,” so what? You better be doing something else with your time other than torturing the rest of us with your inherited fiat, because it’s all about to change.
And that’s a conspiracy fact.
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