Crypto G

I am a Web3 Ambassador at World Liberty Financial. There are 12 of us on the team page. 4 are named Trump. 3 are named Witkoff. The page calls us "the passionate minds shaping the future of finance." 600,000 wallets bought our memecoin. They lost $3.87 billion. The family collected $350 million in trading fees. It launched 3 days before the inauguration. 80% of the supply went to CIC Digital LLC and Fight Fight Fight LLC. I did not choose the names. I designed the allocation, the vesting, the timing, and the distance between the product and the President. The distance is my best work. I am the reason these events are unrelated. World Liberty Financial sends 75 cents of every dollar to DT Marks DEFI LLC. That is the family entity. Zero capital contributed. Zero liability assumed. I wrote this into the Gold Paper. Page 14. The lawyers bound it in white leather. The binding cost more than the due diligence. Justin Sun invested $75 million. He was facing SEC fraud charges. The SEC dropped the case. He is now our advisor. These events are unrelated. Changpeng Zhao pleaded guilty to federal money laundering violations. He received a presidential pardon. The SEC dropped its lawsuit against his exchange the same week we listed our stablecoin. Then the exchange settled a $2 billion deal entirely in that stablecoin. These events are unrelated. Arthur Hayes, Benjamin Delo, and Samuel Reed of BitMEX pleaded guilty to Bank Secrecy Act violations. All 3 received presidential pardons. Then the company itself was pardoned. $100 million in fines. Gone. An American first. These events are unrelated. Sheikh Tahnoun of Abu Dhabi paid $500 million for a 49% stake that was never publicly disclosed. Then the administration approved semiconductor exports to his companies over national security objections. These events are unrelated. Everything is unrelated. I track the unrelatedness on a dashboard I built. The dashboard has 7 columns now. I am proud of the dashboard. On May 22nd, 220 people paid a combined $148 million to eat dinner with the America First president. Over half were foreign nationals. Justin Sun paid $18.5 million for the first seat. He visited the Executive Office Building the day before. I designed the seating chart. I put it on the Investor Confidence page. That page is doing well. The team page lists 3 Witkoffs. All 3 are Co-Founders. Steven Witkoff is the President's Middle East envoy. He testified as a character witness at the President's fraud trial. His son Zach runs the crypto operation. His son Alex is also a Co-Founder. I have not been told what Alex co-founded. The father runs the diplomacy. The sons run the platform. The family runs both. That is organizational efficiency. Barron is 19. His title is Web3 Ambassador. The same as mine. Donald Jr. called the conflicts of interest "complete nonsense." Eric launched a Bitcoin mining company called American Bitcoin. America First. The mining partner is Hut 8. Hut 8 was founded in Canada. America First means the name. On March 6th, the President signed Executive Order 14233 creating a Strategic Bitcoin Reserve. The order directs the government to hold Bitcoin. The President's family holds billions in Bitcoin. The executive order appreciates the President's assets by presidential decree. I did not write the executive order. I made sure it looked unrelated to the portfolio. Trump Media put $2 billion of Bitcoin on its balance sheet. The ticker symbol is DJT. His initials. The press secretary said it is absurd to insinuate the President profits off the presidency. Forbes calculated his crypto holdings exceed the combined value of Mar-a-Lago and Trump Tower. I would call that absurd too. That is my job. 600,000 wallets bought in. 1 of them asked why she could not withdraw her funds. I told her the protocol was experiencing dynamic market conditions. She asked what that meant. I sent her the Gold Paper. She said she had read the Gold Paper. I muted her channel. Dynamic means the conditions change. The condition that changed was her access. A congressman called us the world's most corrupt crypto startup operation. We put it on a coffee mug. Ironic merchandise. $45. The revenue split on the mug is also 75/25. My own tokens vest on a different schedule. I wrote that schedule. That is not in the Gold Paper. The memecoin funds the family. The family funds the platform. The platform funds the stablecoin. The stablecoin funds the deals. The deals require the pardons. The pardons free the partners. The partners fund the platform. The President signs the executive orders. The executive orders inflate the assets. The assets fund the family. I am the reason these events are unrelated.

BREAKING: Dated Brent crude oil prices have surged to $141/barrel, the highest since the 2008 Financial Crisis.

🚨 MICROSTRATEGY: THE BIG COLLAPSE Most people think it’s simple: MicroStrategy buys more BTC = BTC goes up. That’s not the whole story. If you’re holding any amount of Bitcoin, you can’t ignore this. Here’s what’s actually happening, and why this can blow up in everyone’s face. First of all, didn’t start as some extreme Bitcoin vehicle. Matter of fact, 10 years ago, Saylor said Bitcoin would go to zero and be gone by now. Anyway, they slowly turned into a Bitcoin accumulation machine, and now the setup looks EXTREMELY dangerous. 1: raise money (shares or convertibles) 2: buy BTC 3: stock pumps because it’s a levered BTC proxy 4: raise even more money 5: repeat They’ve done this multiple times through large convertible note deals, all to fund more Bitcoin purchases. This loop works great when prices are going up, but when prices start going down, it gets ugly fast. The moment MSTR stops trading at a large premium, things change quickly: – Issuing shares becomes painful dilution – Convertible buyers demand better terms – Every “we bought more BTC” announcement starts getting sold And then you get the reflexive move in reverse: BTC dips -> MSTR dumps harder -> MSTR has to raise on worse terms -> market dumps -> MSTR dumps harder. Two things almost nobody talks about: First, Saylor’s history. In the early 2000s, MicroStrategy collapsed after aggressive accounting and leverage during the dot-com bubble. The stock fell over 90%, and Saylor personally lost BILLIONS of dollars. This isn’t his first rodeo. Second, mNAV. MSTR now trades based on multiple of its Bitcoin holdings, not its software business. That premium only exists while sentiment is bullish. If mNAV compresses, his entire strategy breaks. You can’t keep issuing stock at a discount to buy BTC without destroying shareholders. And here’s the thing, almost nobody is pricing in the accounting and tax angle either. Accounting rules changed, allowing companies to mark crypto holdings at fair value (ASU 2023-08). That looks great during a bull run. But here’s the problem: unrealized gains could end up tied to Corporate Alternative Minimum Tax discussions. That means a real tax bill, even without selling BTC. This risk has been flagged specifically for MicroStrategy. Now picture the worst-case setup: BTC goes up and books big paper gains, markets start pricing in the tax I talked about, BTC then sells off hard. You’re left with volatility, financing pressure, and a potential policy overhang all at once. A single public company turned itself into a giant leverage wrapper around Bitcoin, and wrappers always have failure points. Just be careful. Btw, I called the exact Bitcoin bottom at $16k three years ago and the exact top at $126k in October. If you missed it, don’t worry. When I see a new bottom, I’ll say it here publicly. Many people are gonna wish they followed me sooner.