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FED & Trump Clash Over Bitcoin...
Ninja's Secret Coin Pick (Located at end of newsletter) The Simple Trick To Protecting Your Crypto Portfolio, The XRP Buyback Details, FED Doesn't Like Trump's Bitcoin Plan, RLUSD Updates And Details...
The Daily Ninja 12/21/24
π Use a hardware wallet like Trezor Model T with a seed phrase to securely store cryptocurrency and enable recovery if the device is lost or stolen.
π Set up a hidden wallet with a separate passphrase for an extra layer of security, protecting funds even if the seed phrase is compromised.
π Never share the recovery seed or wallet backup, as these contain the private keys necessary to access cryptocurrency funds.
π Recover a Trezor wallet by simply typing in the seed phrase on a new device if the original is lost, stolen, or destroyed.
πΌ When setting up a Trezor wallet, create a new wallet and establish a standard seed backup before using the device to ensure fund recovery is possible.
π¦ SBI Holdings' XRP holdings are significantly undervalued, with its market value of 1.2 trillion yen falling short of its net asset value of over 1.6 trillion yen.
π‘ An XRP buyback program by SBI Holdings through open market purchases could demonstrate commitment to the community and potentially front-run the upcoming XRP ETF.
π The fixed supply of 100 billion XRP coins, with 13 million already destroyed, is expected to drive price increases as adoption grows.
π Lack of clarity from SBI Holdings regarding Ripple's blockchain technology and crypto investments has led to stock underperformance, according to GAM Investments.
πΌ The upcoming XRP ETF is anticipated to enable institutional investment in XRP, potentially triggering massive buying and price increases.
π¦ The Federal Reserve is a private bank, not part of the government, with most cryptocurrency investors unaware of its role in fiscal policy.
π° Trump's plan to allocate $200 billion to buy 5% of all Bitcoin through the US Treasury would directly challenge the Federal Reserve's money printing scheme.
π Bitcoin's value stems from its scarcity and consensus mechanism, requiring constant verification by a network of computers.
π Trump's Bitcoin acquisition plan could cause a price surge, potentially leading to a flow of money from Bitcoin to altcoins like XRP.
ποΈ The proposed plan for the government to directly own Bitcoin through the Treasury, rather than the Federal Reserve, is viewed as a direct attack on the central bank's authority.
π° XRP whales moved massive amounts from cold storage to exchanges in 2016-2015 as an "incredible tactic" to scare investors into selling, but The Economic Ninja advises not selling and taking profits at this time.
π³ Large wallets accumulated XRP before the recent dip, with top 500 whales growing significantly, indicating "wise money" accumulating for future potential.
π The new RL USD stablecoin, backed by tangible assets like Treasuries, launched with people paying over $1 despite its intended $1 value, signaling a potential "rude awakening" when it returns to its intended price.
π XRP is consolidating with other assets as countries and large funds buy in, but The Economic Ninja believes January 2023 will see a better price for XRP.
π The Economic Ninja has a Bitcoin 101 course to teach investors the basics of Bitcoin and cryptocurrencies, addressing the issue of unprepared investors losing money due to lack of knowledge.
*Disclaimer: Donβt Buy This, Youβll Likely Lose All Your Money. We are just showing you the crazy stuff we are looking into. Make sure you do your own research before making any decisions.*
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