James Price, in a CapX commentary, defends extreme wealth as a catalyst for groundbreaking progress, countering naive leftist views of billionaires hoarding inert fortunes. Spotlighting Elon Musk’s Tesla compensation package potentially yielding the first trillionaire status through ambitious targets like selling one million Optimus robots, Price argues such riches fuel reinvestment in transformative ventures. “If Musk hits these targets, he will have turned Tesla into far and away the biggest and most profitable company on earth,” he writes. Highlighting philanthropist Joe Liemandt’s AI-driven school achieving top 1% U.S. results in two hours daily, and contrasting SpaceX’s efficiency with NASA, Price champions private capital’s ability for superior innovation, empowering individuals and advancing humanity through voluntary, high-stakes enterprise in a freer, more dynamic future.
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In an unfiltered three-hour discussion on the Bitcoin Matrix podcast, Cornell chemistry professor emeritus David Collum warns of impending economic catastrophe, declaring markets “at least twofold overvalued” by historical metrics and predicting a potential 50-80% collapse as demographic tailwinds reverse and boomer liquidations flood unsellable McMansions. “Valuations compounded three and a half percent a year for 40 years,” Collum notes. “What happens if they contract three and a half percent compounded for the next 40?” Embracing his ‘conspiracy theorist’ label, he alleges a broken media, and worries about the expanding powers of unelected government agencies, while praising Bitcoin’s potential as a freedom-preserving asset in a rigged system. The provocative exchange highlights Bitcoin’s role amid institutional decay, offering a hope for individual sovereignty in trying times.
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Tether, the issuer of the world’s largest stablecoin USDT, has made a strategic investment in Ledn, a profitable Latin America-focused digital asset lending platform specializing in bitcoin-backed loans and interest-bearing savings products. The partnership aims to integrate USDT liquidity with Ledn’s proven lending infrastructure, enhancing efficiency in disbursements, repayments, and cross-border operations. “The reason for securing new funding, despite Ledn being profitable, is to align itself more closely with a strategic partner whose success is intertwined with that of its clients,” the company stated. This move bolsters Ledn’s expansion into new markets, sustains competitive interest rates, and reinforces asset security protocols to continue to grow client-centered financial services in the rapidly evolving bitcoin industry while empowering users with greater sovereignty over their digital wealth.
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U.S. authorities have launched a secretive Department of Homeland Security-led probe, dubbed “Operation Red Sunset,” into Bitmain, the Beijing-based giant dominating global bitcoin mining hardware production, over fears its machines could enable remote Chinese espionage or power grid sabotage. Inspections of detained devices at U.S. ports examined chips and firmware for vulnerabilities, amid concerns raised by proximity of Chinese-linked mines to critical infrastructure like military bases. Bitmain called allegations of remote-control capabilities “unequivocally false,” insisting it “strictly complies with U.S. and applicable laws and regulations.” As American Bitcoin, backed by President Trump’s sons, acquires thousands of Bitmain rigs, the inquiry highlights growing resolve to secure decentralized and domestic bitcoin mining for industry growth that safeguards national interests.
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