The Wolf Of All Streets Bitcoin PLUMMETS To $66K As David Sacks Steps Down & Coinbase Faces Backlash!
Mar 27, 2026
Bitcoin's sharp drop toward $66K and the macro and geopolitical forces behind it. Tensions over U.S. crypto regulation and Coinbase's refusal to back the Clarity Act. Debate over stablecoin yield, banking risks, and whether rushed legislation helps or hurts. David Sacks stepping down from a White House advisory role and what that means for crypto policy.
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Buy Bitcoin On Deep Pullbacks
- Do consider accumulating Bitcoin during drawdowns because Melker sees buying at ~$66k preferable to much higher prices.
- He frames buying dips as both financial opportunity and a personal protest against the system.
Markets Price Out Fed Rate Cuts Until 2027
- Market pricing shows 0% chance of Fed rate cuts through March 2027 despite political talk of new Fed leadership.
- Melker argues uncertainty around tariffs and war justify Powell's cautious policy and delayed monetary easing.
Coinbase Opposes Clarity Act Over Stablecoin Yield
- Coinbase refused to support the latest Clarity Act citing stablecoin yield restrictions, stalling bipartisan momentum.
- Melker frames this as Brian Armstrong protecting business and possibly preventing a bad long-term bill.