Hey there, crypto enthusiasts and blockchain buffs! If you've been keeping an eye on the X posts lately, you might have stumbled across a fascinating thread by Kellan Grenier that dropped on July 10, 2025. This thread, starting with this tweet, dives into a not-so-silent war brewing in Washington, D.C. between Trump 2.0's executive branch and the Federal Reserve (Fed) alongside centrist legislators. Let’s break it down and see what it means for meme tokens, Bitcoin, and the broader crypto landscape!

The Irreverent Trump 2.0 Approach

Kellan points out that Trump 2.0 is shaking things up with an irreverent stance toward traditional institutions. From tariffs to crypto-friendly policies, the executive branch is flipping the script on what we’ve come to expect. This isn’t just noise—tariffs, foreign policy shifts, and domestic legislation are upending the so-called "consensus" in economic circles. If you’ve been following Donald J. Trump's Truth Social posts, you’ll notice he’s touting record highs in tech stocks, crypto, and NVIDIA’s 47% surge since the tariffs kicked in. But here’s the kicker: he’s also calling for the Fed to lower rates, which has raised eyebrows.

The USD and UST Fracture Line

One of the juiciest insights from Kellan’s thread is the idea that the real issue isn’t U.S. Treasuries (USTs) losing their safe-haven status, as some like Ben Kizemchuk suggest. Instead, it’s the U.S. dollar (USD) itself that’s under scrutiny. Kellan argues that if the "unit of account" (the USD) is shaky, every other price tied to it—like USTs—gets wobbly too. He references China’s long game of suppressing the yuan against the USD, a strategy that’s paid off big time, and suggests Trump sees this clearly.

This shift could mean big things for crypto. If the USD weakens, assets like Bitcoin, which Kellan calls the "cleanest store of value ever created" due to its fixed supply and borderless nature, might shine even brighter. Think of it as a digital gold rush 2.0!

Yield Curve Control and Debt Debasement

Kellan predicts the bond auction process will turn into a "farce" post-Fed Chair Jerome Powell, with the Treasury and Fed potentially using yield curve control (YCC)—a tactic where the central bank targets specific interest rates by buying or selling bonds. Investopedia explains YCC as a way to keep long-term rates low to boost the economy, but it could also mean the government is quietly debasing its debt. Negative real rates (where inflation outpaces interest rates) might be the plan to manage the growing U.S. debt pile, with a silent pivot to higher CPI targets (maybe 3-4% instead of 2%) on the horizon.

For meme token fans, this could translate to more capital flowing into risk-on assets like crypto, especially if traditional safe havens like USTs lose their luster.

New Safe Havens: SPY, Housing, and BTC

Kellan outlines three pillars of Trump’s economic action: GDP growth, replacing impaired entitlement programs like Social Security, and promoting new safe-haven assets. He nods to Mel Mattison, who sees the S&P 500 (SPY) as a new public good backed by the government, deserving a higher price-to-earnings multiple. Housing gets a boost too, with mortgage rates potentially dropping, as Tyler Neville and pulte suggest. And then there’s Bitcoin—supply-constrained, censorship-resistant, and a favorite in Trump’s orbit.

The thread even throws in a fun nod to history with a "chicken for every pot" reference, reimagined as "a BTC for every Ledger" by Trump. This orange-pilled vision could drive Bitcoin and meme tokens higher as people seek self-sovereignty in their finances.

How to Play It

Kellan’s macro playbook, unchanged since November 2024, leans into long positions on crypto, commodities, and Elon-related supply chains, while shorting big pharma and legacy media—check out his original thread for the full list. With the USD potentially weakening and asset prices rising, it might be time to load up on risk. He compares this to the NASDAQ’s 1996-97 run, hinting at a bullish outlook for tech and crypto.

What’s Next for Meme Tokens?

For us at Meme Insider, this thread is a goldmine. A weaker USD and higher inflation targets could push more retail investors into meme tokens and other altcoins, seeking outsized returns. Keep an eye on how Trump’s policies play out—tariffs, tax cuts, and crypto adoption could be the rocket fuel for the next meme coin surge. Stay tuned as we dig deeper into these trends and help you navigate the wild world of blockchain!

What do you think? Are you betting on Bitcoin or a hot new meme token to ride this wave? Drop your thoughts in the comments, and let’s chat!