Blockchain || Backer @BCBacker44

I published a premium subscription write-up. ✍ It includes a 31-minute voiceover that I recorded. 🎙 Flirting with Expansion: Bitcoin Bounces, Macro Breaks Out - C-Leg Reverses, Stocks and Correlated Assets Flash Escape, & Altcoins Triggering Moment blockchainbacker.substack.com/p/flirting-wit…

Happy 4th of July! 🇺🇸 🥳 🍗 🧨 🏊‍♂️ 🥤 🌳

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The White House @WhiteHouse

12 months ago

VICTORY: The One Big Beautiful Bill Passes U.S. Congress, Heads to President Trump’s Desk 🇺🇸🎉

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INTENSE as Bitcoin Price Flirts with $110,000 and RTY at .702, XRP and Altcoin Expansion Examples youtu.be/66O48Zq9okA

RTY reaches .702 retrace. Big battle zone.

So, like, there is a non-zero chance...

If Elon Musk comes out and tweets about Monero I'm I'm probably going to check myself into an insane asylum.

Blockchain Backer @BCBacker

2 years ago

Also, Monero XMR escapes from 2.5 year range in the past hour.

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Blockchain Backer @BCBacker

a year ago

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What's happening with Linqto is beyond wild. It's a huge topic right now. Based on the recent WSJ allegations, their business seems to be in more turmoil than reported. Back in 2022, Linqto was on top of the world. All the big names hosting Twitter spaces, hosting events. etc. To get signed up, the practice for approval was being accredited, and even me getting my own accreditation was met with scrutiny. I had to provide tax returns, 1099s, etc. Everything seemed great and they were a disclosed sponsor on my YouTube videos for 5-months, from March-August of 2022. But somewhere along the way, the WSJ allegations are that in the Linqto boardroom, decisions were made that went sideways. Move forward 3-years, some are looking at me for dirt to spill, and I wish I had dirt to spill, but unfortunately I don't. My contact with Linqto management ended in August of 2022 after LUNA, UST, Celsius, 3AC, the crypto market crashed and everything hit the fan. After our relationship ended in August, they seemed like they were doing fine. They were a main sponsor of XRP Las Vegas in May of 2023. Moving into September of 2023, they hosted a party in NYC when Ripple had their XRP Proper Party. And in May of 2024, the CEO of Linqto announced their IPO on stage at XRP Las Vegas. All seemed well in the universe. I purchased Linqto shares in 2022 because I thought the business was awesome. Things seemed great. When the IPO was announced in 2024, I even thought "holy cow I picked the winning horse!" I started counting my cash and how I'd spend it... a little too soon... Unfortunately, the IPO faltered later in 2024, and my investment is worth a lot less now... In these situations, everyone is angry, looking for a scapegoat of "who knew what?" While I'd love to give you the deets, I just don't have it. I wasn't part of their board or an insider. And when our relationship ended in August 2022, they seemed great, even in 2024 with their IPO announcement. I could speculate like many of you on what they did and read the WSJ article. I'm not sure of the extent of what Brad and Ripple knew by cutting them off in 2024. The situation sucks. I feel really weird commenting on it because I don't know first hand of any of that to be true as these are allegations. I'm reading the headlines along with everyone else and listening to spaces like everyone else. But what seems apparent is that the truth will come out. And if it's true, and if there are bad actors, it'll come out too. This is really the only comment I have on it. Simply to say... I got cut off from them in August of 2022. And in 2024, they seemed like they were IPO'ing. And I'm watching the news like every, one else, shocked, disappointed, and frustrated. I've only had two sponsors on my channel in the past 6-years. Linqto was the last one, in 2022. And even then, vetted, scrutinized, looked at the other names associated, Zooms, CEO & marketing meetings, and it all checked out. But this is another reminder on why I'll never have sponsors or affiliates, because here we are, and I have zero control on what allegedly happens in these boardrooms years after I'm gone. I'm hoping for the best outcome for everyone and that a solution is there. It was nice to hear John Deaton say all the shares in the SPVs are there, and it's not an insolvency issue. It sounds like some allegedly questionable decisions made by higher management, per WSJ. So, I'm hoping all gets resolved positively for everyone, including Linqto.

Brad Garlinghouse @bgarlinghouse

a year ago

Understandably, there have been many questions from those who believed they were buying Ripple shares from Linqto, and what happens next. To be clear, on Ripple’s end: What we know from our records is Linqto owns 4.7M shares of Ripple, solely purchased on the secondary market

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Your bullish thesis on your Altcoins should be that the next leg of Bitcoin is the top. Few. You’re not bullish enough.

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zerohedge @zerohedge

a year ago

Most shorted (RTY) soaring, momentum (QQQ) tanking

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What will be the catalyst narrative for "crypto go up?"

Why am I bullish? I speculate we're going to see the blow off top of Bitcoin on the next run up. The top of Bitcoin for years to come. What happens if that occurs? Euphoria throughout the whole market. Right now, it's just the various accumulations to get the range escape.

Blockchain Backer @BCBacker

a year ago

Like discussed in all videos and in Markets in the Morning this morning, I wouldn't lay the guard down that it isn't still going to correct. Overall, still bullish. But, typically these correct here.

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That the big picture is that Bitcoin is here:

Bitcoin treasury companies just seem like peak bubble behavior So you'd be forgiven to look for sells But anyone who has been around for a while knows that when a new type of ponzi gets established it usually gets really silly before it eventually implodes

1/ The XRPL EVM Sidechain is live on mainnet: on.ripple.com/4eoPHjI After years of building with @Peersyst and the XRPL community, devs can now build, port, and deploy cross-chain and EVM-only dApps using XRP as gas, with a direct bridge to the XRPL. Get started 👇

New week. Same bull.

Bitcoin & Altcoins Expansion Waiting Room as ABC Completes with Leaders, XRP's Time as Appeal Drops youtu.be/Sbcif3K7Xtg

Happy Saturday. Just over here minding my business being bullish.

Appeal dropped

Brad Garlinghouse @bgarlinghouse

a year ago

Ripple is dropping our cross appeal, and the SEC is expected to drop their appeal, as they’ve previously said. We’re closing this chapter once and for all, and focusing on what’s most important – building the Internet of Value. Lock in.

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