Divine Intelligence, etc Using Bitcoin and Stablecoins to Expand Dollar Dominance
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Aug 26, 2024 Dive into the shadowy world of elite finance where Jeffrey Epstein's connections unravel ties to power and organized crime. Discover the intricate web linking Bitcoin, technology, and Wall Street, along with the influence of dollar stablecoins on U.S. foreign policy. Examine the centralization issues within cryptocurrencies and the rise of digital IDs fueling surveillance. Unpack the ethical dilemmas of taxpayer investments in digital currencies and explore Silicon Valley's pivotal role in reshaping modern financial systems.
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Bitcoin's Origins and US Dominance
- Bitcoin's origins link to US intelligence agencies like the NSA and CIA.
- Early Bitcoin funding remains mysterious, and US entities hold most Bitcoin, especially after the ETF re-onshoring.
Centralized Bitcoin Custody
- Wall Street and the Department of Justice share Coinbase Custody as their custodian for Bitcoin ETFs.
- The DOJ's asset forfeiture fund holds a substantial amount of Bitcoin, raising concerns about potential control.
Trump's Contradictory Stance on Bitcoin
- Trump's rhetoric on Bitcoin initially appeared negative, but his administration legalized bank custody of crypto assets, including stablecoins.
- Despite banning CBDCs, Trump promotes stablecoins for global dollar expansion, raising concerns about financial control.