Mining Sector Ideas

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Bigworld, The Fed's Bill Dudley has joined Coinbase (article below). This is huge news, but notice how Dudley's name is absent from Reuter's headline. Dudley is the former president of the Federal Reserve Bank of New York. So the Fedsters are moving into position within the expanding crypto / CBDC framework. Bitcoin / crypto have been using an anti-Fed smokescreen since the beginning, and were painted as the alternatives to the crooked Fed. But it's now clear that crypto / Bitcoin is merely the Trojan horse to deliver the CBDC.

Fwiw, I picked up some Coinbase Global (COIN) today, to go along with the i-Shrs Bitcoin Trust ETF (IBIT) from last week. Small positions, but the bigger picture is starting to emerge. Trump gets his big payoff from the recent $Trump meme coin debut, while maintaining the cover story that he's anti CBDC. Meanwhile the CBDC plumbing is built under the guise of broader crypto / Bitcoin. At some point will come the 'switcheroo', where the cryptos are converted into CBDC. It won't be called CBDC, but will clear directly through the Fed, and will not have the current crypto volatility (will be a 'Stablecoin').

Anyway, that looks like the plan, so the next question is the timeline, and the nature of the required 'crisis' to facilitate the switcheroo. The crisis justification will likely be the worsening US debt bomb, so the timeline 3-5 years, which would coincide with the next election cycle. So CBDC in ~ 5 years?


>>> Coinbase adds Trump campaign manager, ex-senator to advisory council

U.S. Senators Chris Murphy (D-CT) and Kyrsten Sinema (I-AZ) at the U.S. Capitol in Washington


Reuters

by Manya Saini

January 29, 2025


https://finance.yahoo.com/news/trump-campaign-manager-ex-senator-133049421.html


(Reuters) -Crypto exchange Coinbase on Wednesday added four high-profile members to its global advisory council, including former U.S. Senator Kyrsten Sinema and Chris LaCivita, co-campaign manager for President Donald Trump's re-election.

Drafting a framework for the growth of the crypto sector has been a top priority for the Trump administration after years of enforcement actions that the industry has criticized as regulatory overreach.

The crypto industry donated millions of dollars to support Trump's return to the White House and expectations of a more favorable regulatory setup powered bitcoin to record highs in 2024, surpassing $100,000 for the first time.

"Crypto is now firmly on the radar of corporates, banks and institutions, weaving itself into the very fabric of our financial systems," analysts at Bernstein said, adding that bitcoin remains on its path to $200,000.

The new additions at Coinbase include Bill Dudley, former president of the Federal Reserve Bank of New York and Luis Alberto Moreno, a global development and international finance expert.

Earlier this month, the U.S. Securities and Exchange Commission's new leadership created a task force to develop a regulatory framework for crypto assets.

Trump has also named former PayPal executive David Sacks as his "White House A.I. & Crypto Czar." The administration is expected to reshape U.S. policy on digital currency.

Support from Wall Street institutions and corporate titans such as Elon Musk as well as the approval of U.S. exchange-traded crypto funds have boosted the sector's mainstream appeal even as a lack of regulatory clarity remains a persistent drag.

Coinbase shares are likely to benefit from a further upside in bitcoin over the medium term, analysts at Mizuho wrote in a note. "Rising tide lifts all moats," the brokerage said.

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Bill Dudley - https://en.wikipedia.org/wiki/William_C._Dudley




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