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Bitcoin’s Credibility Under Fire as Institutions Diversify and Dormant Whales Stir
From mounting political pressure on the Fed to billion-dollar Bitcoin wallet activity and altcoin diversification, this week reveals deepening uncertainty around Bitcoin’s dominance and rising interest in alternatives like Ethereum, Solana, and BNB.
Joe G & Money Talks
July 06, 2025 • Estimated Reading Time: 4 minutes
What we will talk about today...
Novogratz: Buy Bitcoin as Fed Faces Political Turmoil
XRP Advocate: Bitcoin Holders Blind to Risk
Ethereum, Solana, BNB Buying Surges as Firms Pivot from BTC
Coinbase Exec Debunks Satoshi-Era Wallet Rumor
Investor Mike Novogratz warns the politicization of the U.S. Fed is a red flag and a bullish case for Bitcoin.
Fed under fire: Political attacks on Fed Chair Jerome Powell intensify as he resists rate cuts.
Banana Republic risk: Novogratz says undermining Fed independence could tank trust in the dollar.
“These are Banana Republic moves… This won’t end well.”
XRP Advocate: Bitcoin Holders Blind to Risk
Edoardo Farina claims Bitcoiners ignore red flags, including major dormant wallet moves and central figure influence.
Whales on the move: 80,000 BTC shifted from dormant wallets worth nearly $9B.
Skepticism rising: Farina alleges Michael Saylor is a “government contractor” misleading the public.