Good morning...the stock market is closed so Ivanhoff an I will do Momentum Monday later.
The crypto markets are open which means crime is rampant.
Luckily for Americans, David Sacks is on the case. David is Trump's ' crypto czar ' because he is Elon's friend and threw a fundraiser for Trump. And yes, the internet made him rich.
David is also ' AI Czar ' - whatever that means.
I used AI (Perplexity) to look up how David Sacks really feels about Donald Trump:
David has obviously had a change of heart because you know Elon, power and money.
I can't find a ' czar ' job description in David's Twitter feed but searched and found this vague description:
So Sacks will work on a legal framework, but not until the Trump family squeezes in a few swindles and grifts?
It's not like David does not have access to Trump...he is dropping pictures in his Twitter feed in his Tuxedo at all the White House parties.
Based on this weekend, what we should expect is just a gross expansion of what Congress has been doing buying and selling public stocks. It has been a greedy and disgusting era of politicians like Nancy Pelosi trading stocks on what is hard not to believe is inside information.
I know David Sacks would agree with this and has probably called this practice out himself.
David's Twitter feed the last month has solutions for fixing LA and wildfires, Ukraine, Russia and The Middle East. But, he has one job as ' crypto czar ' and he has not yet commented on this weekends money grab. I can guarantee that when he finally gets around to commenting, he will just hide behind does not have enough influence to talk Trump and Melania of running a memecoin grift over a long weekend ahead of the inauguration.
Like I said yesterday ...pace yourself for the crime.
*****
Okay, so we all know David Sacks in not going to resign straight away. But it's worth looking at some connections.
"The Trump just became one of the top 25 richest people on earth. Through this. Insane, open & now normalized corruption. $TRUMP memecoin - a financial asset that didn't exist on Friday afternoon - now accounts for about 89% of Donald Trump's net worth."
https://t.co/XfUL0hFakP- Mehdi Hasan (@mehdirhasan) January 19, 2025