Trump: US crypto reserve announced

[Bobby Bucks]

Breaking news, details still rolling in

Donald Trump Names BTC, ETH, XRP, SOL, ADA, as Part of U.S. Crypto Reserve

Edited, they left btc and ETH out of initial announcement

Donald Trump Names XRP, SOL, ADA, BTC and ETH as Part of U.S. Crypto Reserve

The U.S. president provided the first details about what a crypto reserve may look like.

www.coindesk.com

 

[Bobby Bucks]

ADA was up 50% in one hour, XRP 32%, SOL 30%. If it continues I intend to buy the ASC and appoint myself El Supremo of the valuation industry. I expect apologies and deference from all who have slighted me here, especially certified generals.

 

[Charles West]

The futures market is shooting up, every index is up by nearly 1.5%.

 

[glenn walker]

The future good or bad is not paper money and we better get used to it.

 

[Elliott]

Congratulations El Supremo! Just curious, but what kind of tax rate do you crypto-pros pay? Or is it more like Landman, you make $10 million, but then invest $30 million the next year? Most of the Old Salt's that give Wall Street advice were saying, 'yeah, market does well when there will be a Republican in the White House next year, then not so much.' My CPA just broke the bad news that I need to send him $10K to square myself with US Treasury. The good news is I keep my rate close to 15%.

I wished I could figure out who to hate about high interest rates. Powell doesn't seem to be bothered that mortgage rates are too high because the Banker class was picking off a 5% spread between deposits and the Fed window. I fear Wall Street will pick a day to crash cyptos for their fun and profit. I'm hoping Doge Bros will bend the spending curve enough to lower rates, but that is just a wish.

 

[Bobby Bucks]

Congratulations El Supremo! Just curious, but what kind of tax rate do you crypto-pros pay? Or is it more like Landman, you make $10 million, but then invest $30 million the next year? Most of the Old Salt's that give Wall Street advice were saying, 'yeah, market does well when there will be a Republican in the White House next year, then not so much.' My CPA just broke the bad news that I need to send him $10K to square myself with US Treasury. The good news is I keep my rate close to 15%.

I wished I could figure out who to hate about high interest rates. Powell doesn't seem to be bothered that mortgage rates are too high because the Banker class was picking off a 5% spread between deposits and the Fed window. I fear Wall Street will pick a day to crash cyptos for their fun and profit. I'm hoping Doge Bros will bend the spending curve enough to lower rates, but that is just a wish.

Elliott for me it’s long term and short term gains, in fact I’m going to need to file an amended return for one year, the crypto tax programs have bugs in their system. I wish my numbers were that large. Since ETFs came out for most large cryptos it makes the tax part easier. I hate getting those bills from treasury, had it happen twice. CPAs are gradually getting caught up with crypto. IMO taxation is theft.