So — Bitcoin looks like next support level will be around $45,000. Down from near $71,000 when Tangerine touted it — in Nashville — about nine days ago.

In the mean time, Riot Platforms may by then be a sub-$5 NASDAQ stock (again). [It has apparently spent cash again on last Friday, to get to 16.9% of Bitfarms, too. Yikes! What a dumpster fire!]

And… right on cue, Tangerine shows up to prove he has no idea what it is or how it works. It is a string of ones and zeros. He cannot “hand it” to anyone to cover the national deficit.

To dent the deficit, he’d need to find willing buyers of the Bitcoin the US holds (in exchange for hard US dollars), as crime proceeds (forfeited). That total is not even four one-hundredths of one percent of the total national deficit ($35 trillion). The US holds about $13 billion in Bitcoin, at today’s spot prices.

And if Tangerine were somehow to sell $13 billion in the crime proceeds off, using the inflowing US dollars to pay down a tiny portion of the deficit… he will have single handedly destroyed the entire Bitcoin markets.

These markets lack depth and thus very quickly lock up; freeze and go illiquid when facing even $3 billion of selling pressure. This would be four times that pressure.

He is fecklessly clueless (as ever!).

Sure. One Bitcoin will be worth two pepperoni pizzas again. This is what the mooners regard as their “hero”?! Hilarious. Here’s his quote — of tonight:

…Maybe we’ll pay off our $35 trillion dollars, hand them a little crypto check, right? We’ll hand them a little bitcoin and wipe out our $35 trillion…

This guy… is a complete moron. And, a felonious crook.

Yeh — not really a serious Presidential candidate, John. Out.