Witch Huntin'

I would like to thank everyone for your care and support, be it writing letters, showing support on X, or in any other form. They all mean a lot to me and keep me strong. I will do my time, conclude this phase and focus on the next chapter of my life (education).

I will remain a passive investor (and holder) in crypto. Our industry has entered a new phase. Compliance is super important.

A silver lining of this whole process is that Binance has been under the microscope. And funds are SAFU.

Protect users!
CZ

CZ will be the wealthiest person ever to serve time in US federal prison... Let that sink in...

The show is over, and Changpeng Zhao is now facing four months in prison... Not a lengthy stretch, if you ask me. He might've kept the hell out of the US if he'd known, but that ship's sailed. So, what's CZ's deal?

To me, the law's irrelevant because most laws only serve the power-hungry elites anyway. What CZ really did was offer access to digital assets and cash to almost everyone worldwide. The irony here? He tried to comply with all the crap every country was asking for.

Yet, he still faces four months behind bars and probably some fines... I remember Binance getting slapped with fines when this whole circus started, and to me, it's just a reminder to not get too tangled up in the legacy system.

Centralized exchanges (CEXs) remain user-friendly for law-abiding individuals, accessible 24/7, and the powers-that-be don't like that. Enter the damn ETFs... I bet those cheering the ETFs pumping their bags have no clue what they mean for "traditional crypto trading."

From my perspective, after the establishment's failed attempts to limit crypto's reach or outright ban it, they're now opting for control through excessive KYC methods and, of course, taxation. And speaking of taxes...

Early bitcoin investor Roger Ver arrested, charged with alleged tax fraud. Tell me this ain't witch hunting without telling me this is witchcraft.

I won't delve into Ver's situation because US federal laws are beyond my comprehension, but I'm curious how the IRS views declaring the value of one's Bitcoin holdings back in the early days of the wild west crypto era, when everything fluctuated wildly...

The market was already on a downtrend before CZ's sentence, and as you can see now, there's even more blood on the streets. Some say it's just typical behavior for such news (CZ isn't your average Joe loaded with meme coin bags), and that in a couple of days, we'll see BTC back above $60,000. I'm not so sure about that, I just want to see it happen...

Personally, I don't believe the bull market will end on a note of pessimism and disbelief, just one month after the halving, with Bitcoin barely surpassing its 2021 peak. What are your thoughts?

Thanks for your attention,
Adrian