Donald Trump blasted his own MAGA followers in a panic-post this morning, calling them “weaklings” for demanding to see the Epstein files. He then blew them off as if they were flys hovering over his morning porridge: “I don’t want their support anymore!”

“The Radical Left Democrats have hit pay dirt, again!” Trump cried on Truth Social, twisting the Epstein narrative as if it were a conspiracy theory started by the left. “Their new SCAM is what we will forever call the Jeffrey Epstein Hoax, and my PAST supporters have bought into this ‘bullsh*t,’ hook, line, and sinker.”

“Let these weaklings continue forward and do the Democrats work,” Trump continued, turning against his loyalists who have failed to run with MAGA’s ever-changing propaganda. “Don’t even think about talking of our incredible and unprecedented success, because I don’t want their support anymore!”

So pedophile Jeffrey Epstein died in prison, and, like the files on Attorney General Pam Bondi’s desk, Epstein’s cohort Ghislaine Maxwell still sits in prison. But also, it’s all just a hoax. For those experiencing whiplash in the MAGA cult: learn to keep up or get out!

Previously: “Release the Epstein files!” QAnoners freak out over Trump’s failed promise

“Hyperbitcoinization” — an almost apocalyptic term evoking end-of-days fiat collapse and bitcoin’s parabolic rise to global reserve status — is increasingly being discussed in more serious circles.

For hardcore bitcoin maximalists, it’s long been the ultimate scenario: a financial utopia where individuals, institutions and even nations are all-in on a bitcoin-only system as the fiat-based economy collapses.

While we aren’t there yet, the recent events might suggest something is brewing.

Bitcoin is trading at record highs above $119,000. The market cap of bitcoin is near that of the tech giants. The U.S. dollar is continuing its slow bleed in real purchasing power. Major institutions are allocating capital to BTC with the same risk-adjusted lens they apply to traditional assets. If hyperbitcoinization once sounded like ideological fiction, it’s now likely approaching early-stage reality.

“In prior BTC bull markets, the hyperbitcoinization thesis would have been limited to crypto enthusiasts. More recently, hyperbitcoinization-adjacent conversations have become much more palatable for the broader public,” FRNT Capital said in an emailed note.

From trenches to the front line

Just a few years ago, no one thought the likes of BlackRock would be creating an exchange-traded fund for the masses to buy billions in bitcoin.

Today, the iShares Bitcoin Trust (IBIT) is a juggernaut with 706,008 bitcoin under its belt, worth $82 billion, according to BitcoinTreasuries.Net data.

Large companies are raising funds to buy bitcoin for their balance sheets. Political leaders, including a pro-crypto U.S. president, are floating the idea of national bitcoin reserves (whether that will come to fruition is still up for debate).

Even a U.S. housing regulator is considering whether crypto holdings could be considered for mortgage applications — a potential signal that digital assets are becoming part of core financial infrastructure, or at least that those currently in power would like to see that happen.

And of course, Wall Street has already claimed bitcoin with “Tradification” of the digital assets.

The ownership shift

The chart below makes an interesting observation about a potential “hyperbitcoinization” that may already be well underway.

From 2014 till at least 2020, bitcoin has been held by mostly individuals. But fast forward to today, a massive number of companies, funds and even governments, as opposed to individual crypto enthusiasts, are holders of bitcoin while prices continue to rally to new highs.

This shift in wallet distribution suggests that hyperbitcoinization, while not fully realized, is progressing from an ideological thesis to a potential observable market behavior.

In a market that is increasingly driven by narrative momentum and liquidity rotation, hyperbitcoinization may not just be a theme — it might become the trade.

“Conceivably, as the hyperbitcoinization thesis is validated in practice and gains further mainstream attention, more BTC investors will be motivated to HODL. This does not apply just to individuals, but to institutions and nations alike,” said FRNT.

A new era of cryptocurrency regulations is about to be unveiled as a commissioner of the US Securities and Exchange Commission (SEC) confirmed that the agency would move in the opposite direction of its strict oversight policies.

SEC Commissioner Hester Peirce said that the regulatory body under the Trump administration would take a more pro-crypto approach to digital assets, a shift from the previous enforcement actions taken against cryptocurrency players.

More Structured Policies

In a Bloomberg Crypto TV interview, Peirce said that the regulatory body would be stepping away from an enforcement-centered approach to oversee the country’s cryptocurrency sector, adding that the focus now of the agency is to establish clear guidelines governing crypto tokens.

Source: Bloomberg Crypto TV

The SEC commissioner admitted in a statement that previously, the state regulator has been dependent on enforcement actions to regulate the digital assets industry, noting that the approach veered away from the policy making function of the SEC.

She noted that the SEC under Trump’s leadership would aim to craft a more structured crypto regulation framework than taking enforcement actions.

“During the past several years, enforcement cases have been used as a way to make regulatory policy; that is very atypical. We’re trying to get back to a path where we’re really using our other tools to make policy,” Peirce said.

No More Crypto War?

Peirce confirmed that the government has ended its so-called war against cryptocurrencies.

“We have been using enforcement cases to set regulatory policy. We’re trying to shift from that so we actually set policy and then we bring enforcement cases as needed,” the SEC Commissioner said in an interview.

She said that the SEC has an ongoing review on which state agency has jurisdiction over cryptos and identifies the regulatory gaps that the US Congress should address.

For several years, there has been an ongoing debate on whether regulating cryptocurrencies is a function of the SEC or should it be the responsibility of the Commodity Futures Trading Commission (CFTC):

“We’re working on looking at our jurisdiction that we currently have and saying what falls inside that jurisdiction and what falls outside that jurisdiction, then we can point out to Congress where we think there are gaps where maybe something is not covered by our jurisdiction,” she explained.

Crypto Task Force

Reports said that Peirce would be leading a crypto task force under the stewardship of the SEC, adding that the task force’s output would be a clear regulatory framework for cryptocurrencies.

According to analysts, the SEC task force will evaluate which cryptocurrencies should be classified as securities and assess the agency’s jurisdiction in the digital assets market.

Earlier, US President Donald Trump inked an executive order that will establish an advisory panel on cryptocurrency regulations. Trump is also considering the creation of a national crypto stockpile.

Peirce is a known supporter of the Bitcoin exchange-traded funds (ETFs) and has been against enforcement actions taken by the SEC against digital asset firms.

Featured image from SOPA Images, chart from TradingView