ELON MUSK TO LEAD DOGE

🐶 Elon Musk to Lead DOGE

Donald Trump has appointed Elon Musk as the head of the Department of Government Efficiency (DOGE).

The office’s task will be to conduct a full audit and optimize the budget spent on government operations.

Musk is already teasing DOGE merch 👀

📈 MicroStrategy Stock Hits 2000 ATH!

MicroStrategy shares have surpassed $300 for the first time since the dot-com bubble. To reach this level, the company accumulated a staggering 279,420 BTC!

👀 Meanwhile, well-known Bitcoin skeptic Peter Schiff has openly accused Michael Saylor and MicroStrategy of inflating a Bitcoin bubble.

He claims that the company borrows money and issues shares to buy more Bitcoin, which pushes Bitcoin’s price higher, thereby lifting MSTR stock as well.

This allows them to borrow more and purchase even more Bitcoin, creating a closed cycle.

💬 “Wash, rinse, repeat—what could possibly go wrong?” Schiff remarked sarcastically. 🤔

💥 Fed vs. Bitcoin: Kashkari Calls BTC ‘Worthless'!

Minneapolis Fed President Neel Kashkari isn’t impressed with Bitcoin, calling it a “worthless asset” despite its 12-year track record.

Meanwhile, BTC just keeps flexing—up 48% this year and attracting $556M in ETF inflows on October 14 alone! 📈🚀

Even with a rocky Q3, Bitcoin's open interest hit $19.8B, showing traders are still bullish. 🛠 And with Trump promising to make the U.S. a crypto hub (and Kamala joining the crypto-friendly club), Bitcoin’s future could hinge on the 2024 elections. 🗳

Cold wallets are filling up, and CEX reserves are at an all-time low. Looks like investors are in for the long haul—whether Kashkari likes it or not. 😉

PS: You can read my other related crypto post below

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