"The opening ceremony of the Olympics felt like the closing ceremony of humanity."

I can't argue with that one because I see more and more often that the establishment is so transparent and so determined to kill almost any value humanity once had and replace it with chaos and nonvalues that I am starting to focus my attention elsewhere.

I'd rather ignore "the bad" than keep on fighting and trying to expose it. I'm not a fan of sports, so I don't watch the Olympics, but I am a fan and a user of cryptocurrency, so I'm paying a lot of attention to what happens in this space. Lately, meme coins have been all over the news, but at the end of the day, we need to focus on what prevails and not the temporary hype, which will fade away in time.

What a long way we've come with Bitcoin and how early everything still feels... Something like ten years ago, Antonopolous was talking about Bitcoin to an almost empty hall room, and now there are literally long rows of participants waiting in line to enter the conference.

The Bitcoin Conference in Nashville is hosting quite a few Bitcoin maxis talking about Bitcoin, and you already know my stance on Bitcoin. On the other hand, we have presidential candidates like Robert F. Kennedy Jr. and Donald Trump attending this conference as speakers.

Many anticipate that Trump will also leverage the idea of Bitcoin as a reserve asset for the United States Treasury, as RFK hinted at, and to be honest, it would be a bold and lucrative move. There are more and more prominent voices in the US political sphere talking about currency wars and why it is mandatory for the US to "gain monopoly" over Bitcoin.

This is a topic I tackled a few years ago in a series of posts entitled "The War on Crypto." Cryptocurrency will at some point be recognized at a state level as traditional currencies become worthless. When looking at current currencies as doomed-to-fail forms of money, there is no doubt that BTC will be worth millions at some point.

We're not there just yet, though... At the moment of writing this post, BTC is inching close to $69,000, and probably by the time Donald Trump starts speaking, it will challenge the $70,000 resistance. These daily fluctuations are irrelevant in the grand scheme of things, though.

However, the strides Bitcoin has made this election year are immense. These ETFs are nailed to the ground now, and while there will be huge outflows for sure in the coming years, Bitcoin has established itself as a hard asset.

I've been reading over the past couple of days about all sorts of American pension funds getting exposure to Bitcoin through these ETFs. If somehow we have America declaring Bitcoin as a reserve asset, then I would really expect Bitcoin to enter a super cycle amid the constant weakening process of the current fiat currencies.

Until then, I am trading charts, not passion and sentiments, and looking to secure my future with the gains I am able to secure this bull market. In my opinion, we haven't seen the fun part of this bull market yet, and it's going to be wild. As controversial as this might sound, I believe Bitcoin has entered its steepest upward curve in terms of adoption, but we still need to take profits once everything goes through the roof.

I believe we won't see BTC becoming an internationally used trading currency anytime soon... But I wouldn't sleep on it either...

Thanks for your attention,
Adrian