Steve Witkoff is crypto-connected, serving Trump-Musk as US Special Envoy to the Middle East. What isn’t being reported in the media, but crypto fascist theory predicts, is the establishment of a global network of crypto-fascist back-channels with governments, NGO’s & powerful international institutions such as FIFA.
Trump-Musk crypto-fascists are using bitcoin for its black ops, dirty tricks, etc, in the same lawless manner as the CIA. No US President has ever acted this way before, not even first-term Trump. Trump-Musk crypto-fascism is being kept secret to the public, but its blatant bias is practically out in the open now. To not see & understand these invisible tentacles of crypto-fascism is political blindness & revolutionary negligence.
The global hubs of crypto are Singapore, Hong Kong, Dubai, El Salvador, and now the US– which is the qualitative change. Another qualitative change is how quickly Trump-Musk arguments have moved out of the legal realm and into the arena of combat to defend workers & students against ICE snatch & grab goon squads.
To defeat Trump-Musk crypto-fascism, this murky phenomenon must be ruthlessly exposed & politically attacked for all its criminality & social pathology. Crypto is surely being used by Trump-Musk to fund the Proud Boys, etc, as crypto-fascism is now the open (& dirty) secret that no one in Washington or the fake media wants to discuss.
When Hitler took power in Germany in 1933, police state fascism was the form of Nazi government that terrorized the population with its Gestapo & SS. ICE is a limited form of that power in the US today under Trump-Musk, but it doesn’t have complete Nazi reach– yet. To achieve a fascist takeover, nefarious means are required and a chief vehicle for that end is crypto which allows fascism is slowly creep-in without too many people noticing– until its too late. That’s the Trump-Musk crypto-fascist plan which must be countered & defeated.
Crypto-fascism 101: The US dollar is under pressure along with the bond & stock markets. In the wake of the extreme Trump tariffs, gold & bitcoin have become the “safe havens” for excess capital, which is becoming divided into two camps: traditional finance & crypto fascism. As of this publication, bitcoin is now over $94K as crypto is entirely supported by billionaire fascism– an objective social phenomenon.
The financial headlines today should read: “Trump calls off Fed attacks as bitcoin rises again,” but every economist & financial journal overlooks it for some unexplained reason. Serious economists understand the bond market freeze of March 2020 as a significant event leading to a massive taxpayer bailout, but bitcoin’s recovery in 2020 was just as remarkable, although more hidden so let’s review.
COVID infected the world by March 2020, as bitcoin sank to under $10k and was going nowhere. Then in October 2020, bitcoin began a meteoric rise to ~$60K that took six months to achieve, where it then yo yo-ed for about a year until it crashed again in March 2022 to ~$16K as crypto ventures began to fail left & right, culminating in the FTX collapse in November 2022. SBF & Silvergate, etc, crypto bank failures in March 2023 should have been the deathblow for crypto, but in September 2023, bitcoin began to skyrocket again and now it’s at $94K. What accounts for bitcoin’s resiliency & spectacular rise? Billionaire fascism.
Note that it was rising interest rates which started bankrupting crypto firms in the spring of 2022. It started when “stablecoin” TerraUSD fell to US$0.10, losing its peg overnight and never regaining it. The Fed halted its interest rate increases because capitalists were screaming bloody murder, none louder than the crypto fascists. The Fed’s idea was to cull the economic weaklings in order to save the whole, but the biggest weakling (crypto) found political support when Trump teamed with Musk which happened around this time. Coincidentally that’s when bitcoin took off and Grayscale beat the SEC in the US Supreme Court, etc.
At the March 7 summit, Trump proclaimed the crypto gospel, “Never sell your bitcoin.” He’s repeated that a few other times since, much more than any rational on the strength/weakness of the US dollar, I’ve noticed. Crypto Kool-Aid drinkers all know you don’t sell your bitcoin, because if you do, the price goes down. That’s how Ponzi schemes operate. It’s about inflating a very fragile market, highly manipulated by a few whales. One large bitcoin dump at the wrong time will crash crypto and Trump tends to panic when stressed, so… In revolutionary terms, taking down bitcoin is part of how to win.
The war between Trump-Musk crypto fascists and Federal Reserve Chairman Jerome Powell is a life-or-death struggle among the decrepit bourgeoisie. If the Fed decides to raise interest rates another point or two, then bitcoin death spirals to zero– meaning the end of crypto. Bitcoin-to-zero is the dagger that kills Trump-Musk crypto fascism.
Congressional legislation related to crypto and all the related political angles needs to be explained & analyzed. As far as tracking of crypto transactions goes, Trump-Musk and all their known crypto associates need to be tracked for wallet & blockchain activity– particularly El Salvador’s president who is deep into crypto. That murkiness exposed becomes raw meat for an angry public.
Classical Marxist economic theory must now be augmented with this dialectical conquest because the US government is now controlled by Trump-Musk crypto fascists, which is a qualitative change from what came before. Be aware there is a faction (flavor) of original crypto Kool-Aid drinkers who are upset over their ‘de-fi’ dreams becoming a Trump-Musk fascist monopoly. ‘De-fi Kool-Aid drinkers’ are the people most likely to be helpful to left-wing crypto detectives, but be careful about making noise when going into their forums. That’s the dialectical double-edge on that.
What I’ve outlined in the past weeks is how we got here with crypto, how to get through the looking glass dialectally, and where to go from there. It’s not easy gaining a historical materialist understanding of something as immaterial as crypto, so take any shortcuts you can find. Researching crypto is to enter the heart of darkness. This is naturally scary & daunting to humans, so to be effective in this domain, learn to behave like an arachnid. The idea of the crafty spider is to connect nodes by casting a web in the dark. Silently hone in on suspicious activity, while interconnecting and learning to interpret crypto web vibrations. This is how to achieve success at crypto investigation. Stick with the process, do the work, and you will be amazed at what you catch.
Marxist conclusion: The final take-home point theoretically is that Trump-Musk crypto fascism is not a stable regime. Its reliance on crypto makes it a “stablecoin transitional regime” attempting to establish a fascist dictatorship. Crypto is the hidden vehicle being used by Trump-Musk to achieve police-state fascism in America. Crypto-fascism is highly unstable and can blow up at any time so be prepared.
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