Bitcoin Shenanigans: Eric Trump’s Tweet Vanishes Like a Magic Trick! 🪄

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In the midst of Bitcoin’s dance, teetering just shy of its glorious heights from December 17, the illustrious US Senator Cynthia Lummis and none other than Eric Trump gathered at the Capitol, engaging in what could only be described as a riveting discussion about the formation of an American Strategic Bitcoin Reserve (SBR). Ah, the sweet scent of political maneuvering wafting through the air, as reported by Bloomberg’s own Steven Dennis. Meanwhile, the crypto-savvy platform Swan decided to shine a spotlight on Eric’s now-mysteriously vanished retweet regarding this very meeting. Poof! Gone! Just like my self-control in front of a dessert buffet. 🍰

Just moments after his retweet, Trump pulled the digital rug from under it without a word of explanation. “What’s cooking behind the curtains?” Swan mused in a follow-up tweet, hinting that this swift deletion might suggest a certain high-level apprehension—a desire to avoid spoiling the surprise of an official announcement. Because, you know, who doesn’t love a good cliffhanger? 🎭

BREAKING: Eric Trump RT’d @Swan’s post about his tête-à-tête with Senator Lummis on the American Strategic #Bitcoin Reserve—then poof! Deleted.

What’s cooking behind the curtains? 🤔

— Swan (@Swan) January 22, 2025

This delightful drama follows Senator Lummis’ unveiling of The Bitcoin Act of 2024, a legislative gem aimed at formally establishing a US strategic Bitcoin reserve. Aptly dubbed the Boosting Innovation, Technology, and Competitiveness through Optimized Investment Nationwide (BITCOIN) Act, this bill ambitiously outlines a plan for the U.S. Treasury to snag a cool 1 million BTC over five years—funded, of course, by rearranging the financial furniture within the Federal Reserve and Treasury Department. Because who needs a budget, right? 💸

While the details remain as elusive as a cat in a dog park, whispers suggest Lummis’ office is working overtime to navigate the labyrinthine political and logistical hurdles. Notably, the Senator also had a cozy chat with former President Donald Trump over the weekend. Senator John Barrasso chirped on X: “Senator Lummis and I had a splendid time with President Donald Trump this morning. Wyoming is all set for Inauguration Day tomorrow!” Because nothing says “serious business” like a good old-fashioned political pow-wow! 🎉

Bitcoin Reserve Buzz Hits a Fever Pitch with Ulbricht’s Pardon

The idea of an SBR has gained fresh momentum following President Trump’s pardon of Ross Ulbricht. Analysts are scratching their heads, noting that during the 2024 conference, Trump had tossed around the notion of transferring BTC seized by law enforcement into a national stockpile. Now that the pardon is a reality, many in the crypto community are left wondering if the SBR could be the next shiny object on the administration’s agenda. 🎈

On the prediction platform Polymarket, the odds of an imminent SBR shot up from 28% to 44% after the pardon news broke. Those odds had once soared to 59% around Inauguration Day, only to dip back down like a rollercoaster ride—now they’re climbing again! 🎢

Crypto analyst, affectionately known as Byzantine General, expressed optimism, tweeting: “The fact that he kept his promise with Ross is a good sign IMO that he’s going to follow through with supporting crypto.” Because who doesn’t love a good promise? Just ask your last relationship. 😏

David Bailey, CEO of BTC Inc, who played a key role in turning Trump pro-BTC, added to the swirling speculation, saying: “Tonight is about Ross but I’ll spill this since I’m getting bombarded with questions: I’m still expecting dedicated bitcoin+crypto EOs in the coming days. I don’t know what they’ll say or when they’ll drop, but I fully expect the President to deliver on the SBR in his first 100 days.” Sounds like the beginning of a bad reality show, doesn’t it? 📺

Anthony Pompliano, Founder & CEO of Professional Capital Management, chimed in with a similarly confident take: “If Ross Ulbricht got the pardon, we are definitely getting the Strategic Bitcoin Reserve. Trump will create history with the stroke of his pen.” Because who doesn’t love a little historical drama? 🎭

In a separate tête-à-tête at the World Economic Forum, Coinbase CEO Brian Armstrong was quizzed about President Trump’s stance on establishing a US Bitcoin reserve. Armstrong replied, “Well, I didn’t talk to him about that specifically, but I think he is excited about it. I mean, he really wants to be the first Bitcoin president. Cynthia Lummis in the Senate is actually, I think, the one driving this legislation around a strategic Bitcoin reserve. And I think it’s a good idea. The US actually has reserves in lots of things—gold, oil, and I think like 27 different rare minerals like palladium and all these things. And so, you know, I think the world is moving to a Bitcoin standard for money. They absolutely should hold. Any government that holds gold should also hold Bitcoin as a reserve.” Because, of course, who wouldn’t want to add a little crypto to their treasure chest? 🏴‍☠️

At press time, BTC traded at $105,382. So, keep your wallets ready, folks! 💰

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2025-01-22 21:04