sport football: Will This Company be America’s Unofficial Central Bank?

November 25, 2024 | Listen Online | Read Online

Will This Company be America's Unofficial Central Bank?

The mainstream media is in a tizzy right now.

Since President Donald Trump won reelection earlier this month, they've been breathlessly covering who will serve in his cabinet when he reenters the White House on January 20.

Who will be Attorney General? What are President Trump's plans for mass deportations and across-the-board tariffs? What role will Elon Musk play in his administration?

Don't get me wrong. These are very important questions. And they'll be answered soon enough.

But my job isn't to focus on all of that. My priority is to help you move the needle on your net worth – regardless of which side of the political aisle you stand on.

So while the mainstream press has been busy scrutinizing every one of President Trump's cabinet nominees… I've been focusing on an individual whom I believe will be one of the most powerful men in the president's orbit.

It's not Elon Musk. Or Vivek Ramaswamy. Or even Vice President-elect J.D. Vance.

He's not a household name yet – but I believe he'll soon be. And by the time everyone realizes who he is, he'll be one of the most powerful "bankers" in the world.

America's New Unofficial Central Bank

Last week, news broke that President Trump plans to meet with Brian Armstrong. If you're not familiar with the name, that's OK. Not many folks outside the crypto sphere know who he is.

But you're probably familiar with his company: Coinbase.

Armstrong is the founder and CEO of Coinbase, the largest crypto exchange in America.

Coinbase is the single-largest custodian of bitcoin in the world. Ten of the 12 firms that offer Bitcoin exchange-traded funds (ETFs) use Coinbase as their custodian.

Michael Saylor's firm, Microstrategy – which holds 331,200 of BTC worth close to $30 billion at current prices – also uses Coinbase to hold their bitcoin.

All told, Coinbase custodies $273 billion worth of crypto assets.

Given all the gossip surrounding President Trump's cabinet picks, it's shocking to me that news of his upcoming meeting with Armstrong is getting scant attention.

Here is why I believe it's incredibly bullish for bitcoin and crypto in general. Even though the mainstream financial press is completely sleeping on it.

As I wrote last week, President Trump has promised to create a "strategic bitcoin reserve." This simply means the federal government will start buying bitcoin and holding it on its balance sheet.

I know it sounds incredible. Until recently, the U.S. government has fought bitcoin tooth and nail.

But when you look back at the run-up to Election Day, it all makes sense.

During the campaign, President Trump frequently referred to himself as a friend of crypto, even vowing in August to create a strategic bitcoin reserve.

The day after President Trump won the election, Wyoming Republican Senator Cynthia Lummis continued to push for a strategic bitcoin reserve on X (formerly Twitter):

The U.S. government currently holds roughly 207,000 bitcoin. At current prices, that's worth nearly $27 billion..

That makes Uncle Sam one of the largest bitcoin holders in the world.

Earlier this year, Senator Lummis introduced the BITCOIN Act. If passed, it would mandate that all bitcoin held by the U.S. government be transferred to the Treasury and held as part of the strategic reserve.

That brings me back to President Trump's meeting with Brian Armstrong.

According to reports, the primary agenda for the meeting between Armstrong and President Trump will be to discuss potential personnel appointments. There are also rumors that President Trump will appoint a crypto czar.

I am theorizing here… But I would be shocked if that's all they spoke about. My speculation is they'll have a deep conversation about the nuts and bolts of using Coinbase to buy and hold bitcoin on behalf of the U.S. government.

Just think about it…

The U.S. government has acquired most of its bitcoin through asset seizures and forfeitures. So it makes sense the Justice Department's U.S. Marshals Service holds most of it.

The Marshals Service is not in the digital asset custodian business.

So when it wanted to auction off some of its bitcoin in July of this year, it signed a $32.5 million deal with none other than Coinbase.

Friends, given all this information, to me it's a no-brainer that Coinbase would be the custodian for a potential U.S. Strategic Bitcoin Reserve.

Coinbase launched in 2012. So, it's one of the world's oldest crypto exchanges.

Many exchanges have come and gone since then. But Coinbase remains the top platform in the space due to its high standards.

Today, it's a publicly traded company on the Nasdaq exchange with a market cap over $80 billion. It has a user-friendly experience and strong track record when it comes to security and regulatory compliance.

More importantly, the company has been partnered with "every major U.S. federal, state, and local law enforcement agency," alongside foreign agencies spread across Europe, Asia, Africa, and Latin America.

So it has experience being a crypto custodian for governments.

Right now, the Federal Reserve holds $7 trillion of our national wealth. According to Senator Lummis' proposed bitcoin bill, the United States would hold 1 million bitcoin within five years.

If that bill goes through, it will ignite a worldwide bitcoin buying frenzy among nation states. We're talking about hundreds of billions of dollars piling into bitcoin… potentially trillions of dollars in the long run.

In my opinion, over time, the aggregate value of bitcoin would approach $100 trillion. That would put bitcoin at $5 million per coin. That would value the U.S.'s bitcoin reserve at $5 trillion.

And Coinbase would be the exclusive custodian of that bitcoin. And that's why I believe Coinbase could be the unofficial "central bank" of the future.

This News Isn't Priced In Yet

Remember, bitcoin is a scarce asset. There will only ever be 21 million in existence. And that doesn't include all the 3-4 million bitcoin that has been "lost" over the years.

When you combine bitcoin's inherent scarcity with the uncapped buying power of the United States government, you have a recipe for much, much higher prices.

During an interview with Bloomberg earlier this month, Galaxy Digital CEO Mike Novogratz said he believes a strategic bitcoin reserve would send BTC to $500,000.

With the price of bitcoin skyrocketing higher, global central banks will have a powerful incentive to make the leap into bitcoin now or face the reality of having to pay $500,000-plus per bitcoin.

That's a 5x increase from today's prices.

While turning $1,000 into $5,000 isn't anything to sneeze at, I'm looking for bigger fish to fry. I'm talking about tokens that will outperform bitcoin by 10x, 50x, even 100x.

These are the types of opportunities that can radically change your personal balance sheet for the better without putting your current lifestyle at risk.

You see, there's another imminent catalyst on the horizon that isn't priced in yet. But it's coming at us much faster than a strategic bitcoin reserve.

On December 10, three of the biggest investors on Wall Street are meeting to make an unprecedented move I believe will turn this already booming crypto market into a melt-up of epic proportions.

Hardly anyone is talking about it. And the few who are don't fully appreciate what it means for bitcoin and a special subsector of the altcoin market.

That's why on December 4, I'm broadcasting an urgent session called "The Last Call" where I'll explain what this upcoming meeting is all about and share with you why I believe you must prepare beforehand.

You can reserve your seat now for the December 4 broadcast by going here.

During this briefing, I'll explain what this upcoming event is all about and how it will trigger an explosion in this tiny niche of the crypto market. (They're not meme coins.)

I'll also share details about six altcoins that could see an immediate boost following this event – and give away the name and ticker symbol of one of these niche tokens completely free.

All you have to do is click here to reserve your seat.

Friends, I've been following the crypto markets since 2016. And I can't think of a more exciting time for this asset class.

We have the first pro-crypto president coming to office. He'll be buttressed by a pro-crypto Congress. Meanwhile, we'll be riding a wave of mass adoption coming from Wall Street and Main Street.

The stars are aligning for a historic melt-up in crypto in 2025. But if you wait, you'll risk being left out.

Events like the creation of a Strategic Bitcoin Reserve only happen once. So make sure to click here and reserve your seat for my special broadcast on Wednesday, December 4, so you can position yourself ahead of time.

You want to be there.

Let the Game Come to You!

Big T