The push for crypto legislation in the US could position the country as a global leader in financial innovation and secure significant tax revenue. The post Donald Trump Jr. backs crypto bill to keep multi-trillion dollar industry in the US appeared first on Crypto Briefing.

Donald Trump Jr. backs crypto bill to keep multi-trillion dollar industry in the US

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A provocative post published on July 14 by long‑time Bitcoin advocate and 
“Taproot Wizard” Udi Wertheimer has ignited fresh debate over whether the 
cryptocurrency is on the cusp of what he calls a “generational run the likes 
of which we’ve never seen.” Bitcoin&#8217;s Generational Run Writing on X, 
Wertheimer contends that Bitcoin is emerging from a rare “rotation” in which 
early, price‑sensitive holders have surrendered their coins to 
newcomers—chiefly exchange‑traded‑fund investors, corporate treasuries and 
even nation‑states—who are largely indifferent to the unit price. “Many, if 
not most, of old big holders have rotated out of the asset,” he asserted, 
adding that once such rotations succeed, “what follows is a rally in multiples 
previously considered unimaginable.” Wertheimer frames his case through an 
exhaustive retrospective on Dogecoin’s 2019–2021 ascent, arguing that Bitcoin 
now occupies an analogous position. He recounts how an April 2019 tweet by 
Elon Musk (“dogecoin might be my favorite cryptocurrency”) triggered an 
initial 50 percent spike that lulled veteran traders into distributing their 
bags, only for TikTok‑driven retail inflows to drive the meme coin from 
roughly $0.0025 to nearly $1 within two years. “Crypto natives thought they 
knew it was a huge deal, but they underestimated it BY A LOT,” he wrote, 
describing the move as “the first dogecoin mindfuck,” followed by an even 
larger “second mindfuck” once legacy sellers exhausted their supply. Related 
Reading: Bitcoin Returns Under $117,000: Is Social Media FOMO To Blame? 
Transposing that template onto Bitcoin, Wertheimer insists that “the real move 
didn’t even start yet.” He claims that traditional capital‑market 
participants—embodied for him by BlackRock’s iShares Bitcoin ETF (ticker: 
IBIT) and Michael Saylor’s MicroStrategy—are blind to earlier cycle highs 
because they measure performance from the January 2024 ETF launch or in 
dollar‑notional terms, respectively. Referencing IBIT price surge from $30 to 
$70, Wertheimer says: “‘It’s only up $40! That’s nothing! Why not $700?’ […] 
They’re completely insensitive to the bitcoin price,” he adds of 
treasury‑based buyers, arguing that such entities simply “shove as many 
dollars as they can.” On price targets, Wertheimer is explicit: “I have a high 
degree of confidence that we’ll see $400k by the end of this year. This target 
might be too conservative.” He further predicts an additional 
order‑of‑magnitude revaluation once “the entire world starts to believe,” 
echoing Dogecoin’s second‑wave frenzy. “We’re just entering the first 
mindfuck,” he writes. Related Reading: Unraveling The Bitcoin Boom: Experts 
Decode Record $123,000 Surge The thread reserves particular ire for competing 
crypto assets. “Your altcoins are fucked,” Wertheimer declares, suggesting 
that short‑lived spurts of outperformance will not match the “sheer amount of 
capital flowing into bitcoin.” He singles out Ethereum as “the biggest loser 
of the cycle,” forecasting that MicroStrategy’s equity capitalisation could 
surpass Ether’s market value and arguing that persistent selling by “old 
bagholders” will cap any relative rally. “ETH/BTC will continue to print lower 
highs,” he predicts, adding that incoming treasury‑style buyers would need 
“years” to absorb legacy supply before Ethereum can stage a true breakout. In 
a direct call to action, Wertheimer tells readers that “you will actually be 
able to retire off of 1 bitcoin,” urging immediate accumulation and warning 
that waiting for price dips is futile now that “old holders are out.” He 
closes with a plea stark in its simplicity: “Wall Street is buying all of the 
bitcoins … please buy some bitcoin before there isn’t any left.” Wertheimer’s 
thesis hinges on the notion that seller‑exhaustion dynamics proven in a 
small‑cap meme coin can translate, mutatis mutandis, to Bitcoin’s vastly 
larger market. Whether that analogy holds will be tested in the months ahead; 
for now, his post has sharpened the fault line between long‑term Bitcoin 
maximalists and a broader crypto community still weighing the merits—and 
risks—of what he calls “the first mind‑fuck” of a potentially epoch‑defining 
rally. At press time, BTC traded at $118,686. Featured image created with 
DALL.E, chart from TradingView.com

This Bitcoin Thesis ‘Will Retire Your Bloodline,’ Says Expert

The Bitcoin mining sector has seen dramatic shifts in recent weeks—from sharp 
hashprice swings and network curtailments to growing signs of hashrate 
consolidation among top public miners. This article is from Theminermag, a 
trade publication for the cryptocurrency mining industry, focusing on the 
latest news and research on institutional bitcoin mining companies. 
Theminermag’s latest report […]

Theminermag Bitcoin Mining Update: June/July 2025

US authorities confiscated massive drug quantities and dismantled meth labs 
nationwide while pursuing crypto-linked cartel operatives.

DEA, FBI bust Sinaloa cartel, confiscate $10M in cryptocurrency

The altcoin season has remained elusive because Bitcoin has continued to 
dominate the market. Even now, the largest cryptocurrency by market cap is 
still in the lead and continues to determine the direction of the rest of the 
crypto market. However, there is a turn in the tide coming as more altcoins 
begin to play catch-up. In particular, the coins in the list of Top 100 
altcoins by market cap look to be on the verge of ushering in the next altcoin 
season. Altcoin Season Index Fires Into The Green The Altcoin Season Index is 
an index that charts the performance of the Top 100 altcoins by market cap 
against the performance of Bitcoin to determine when the altcoin season is in 
full bloom. This index, which goes from 1-100, is ranked by how many top 100 
altcoins are outperforming BTC over a 90-day period, and when this figure 
rises to the 75% mark, it often signals that the altcoin season has begun. 
Related Reading: Bitcoin Is Not Stopping At $123,000 — Technical Indicators 
Point To $140,000 Top Over the last few months, altcoins have performed quite 
terribly in comparison to Bitcoin, and this has led to the Altcoin Season 
Index dropping toward peak lows. The index hit a score of 12 back in June 
2025, showing that only 12 altcoins had outperformed Bitcoin over the 90-day 
timeframe. During this time, the Bitcoin dominance also rose rapidly, reaching 
as high as 66%, and signaling that most of the attention was on BTC during 
this time. However, the month of July has come with good tidings for the 
altcoin market as the index has seen its score more than double from its June 
lows. According to data from CoinMarketCap, the Altcoin Season Index has now 
crossed a score of 30. It also shows that during this time, 32 coins have 
outperformed Bitcoin’s 40% increase in the last three months. Interestingly, 
the meme coins are once again leading the rally with the likes of PENGU and 
MemeCore rallying over 500% in the 90-day period. HyperLiquid’s HYPE has also 
performed quite well, with CoinMarketCap data showing it has risen more than 
230% in 90 days. Bitcoin Dominance On The Verge Of Collapse? So far, the 
Bitcoin dominance has maintained its position in the 60th percentile, and this 
has remained so for the last 90 days. However, over the last two weeks, there 
has been enough decline in the dominance to spark a ray of hope among 
investors, and that is a 3% drop toward 63%. Related Reading: Prepare For 
ATHs: ‘XRP Train Has Left The Station – Analyst Going by historical 
performance, though, the Bitcoin dominance would need to drop much more than 
this for altcoin season to begin in full bloom. For example, back in 2017, the 
Bitcoin dominance crashed from above 95% to around 50% before the altcoin 
season began. Again, in 2017, the dominance fell from above 70% to around 41% 
before the altcoin season began. Going by this trend, the Bitcoin dominance 
would need to see a drop back into the 40% region, and possibly the 30% 
region, for the altcoin season to really take hold. But as long as the 
dominance remains high, then Bitcoin would continue to lead the market, and 
altcoins could continue to struggle. Featured image from Getty Images, chart 
from TradingView.com