Trump's plan for our economy: make U.S. "crypto capital of the planet"

[RoryN]

Trump says plan to make U.S. ‘crypto capital of the planet’ coming within hours

https://www.nbcnews.com/tech/crypto...crypto-capital-planet-coming-hours-rcna168797

***

In case anyone forgot - from 2021:

Donald Trump calls Bitcoin 'a scam against the dollar'

https://www.google.com/amp/s/www.bbc.com/news/business-57392734.amp

***

And, before that:

"I am not a fan of Bitcoin and other Cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air. Unregulated Crypto Assets can facilitate unlawful behavior, including drug trade and other illegal activity...." - Trump, 7/11/19

 

[John_von_Neumann]

Another grift from the former Grifter in Chief. On the bright side, he can fleece MAGA America.

 

[RoryN]

On the bright side, he can fleece MAGA America.

In ways that can ruin and cripple them financially.

True - that is wonderful news.

 

[coati]

The bitcoin industry is a colossal waste of electricity. In other words, the perfect activity for a climate change denier.

 

[RoryN]

Doesn't seem like PB Deplorables are too thrilled with this move by the "stable genius".

 

[butters]

he's embracing it because he has some mega donors steeped in crypto who he can't afford to lose but, as importantly to him it's a brand new grift he can see making him a whole lotta money

 

[BrightShinyGirl]

 

[ll74]

View attachment 2505077

Holy fuck this is stupid.

 

[TastySuckToy]

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All crypto is TrumpCoin now. It's all got his stink on it.

Bitcoin has dropped 20% since Donald Trump took office.

This is another perfect example of you talking about something you know nothing about.

Just like your hilariously wrong election predictions and positions, you're repeating your igorance when it comes to Bitcoin.

 

[BrightShinyGirl]

This is another perfect example of you talking about something you know nothing about.

Just like your hilariously wrong election predictions and positions, you're repeating your igorance when it comes to Bitcoin.

Trump wants to subsidize the crypto bubble.

 

[TastySuckToy]

Trump wants to subsidize the crypto bubble.

If you're talking about the coins mentioned by the Trump administration that aren't Bitcoin, I actually agree with you, to a degree.

I don't think Trump really understands Bitcoin, he has advisors and interests pushing coins like ETH, SOL, ADA, XRP, and this news proves it.

Bitcoin is the real deal, the others are not. They might function as second layer protocols or secondary coins lots of people use. Fiat had a good run, so it's not exactly out of the realm of possibility a few shit coins might do so as well, for a bit.

 

[KingDJT]

Say it with me people! Come on, all together now
G L. O. B. A L F I. N. A. N. C. I. A. L. R. E. S. E. T Gold Backed currency!

 

[Fuzzy1975]

Trump wants to subsidize the crypto bubble.

Think he has a bunch?

 

[Lazaran]

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Would someone 25th that imbecile already?!?!

TIA

 

[Fuzzy1975]

Would someone 25th that imbecile already?!?!

TIA

He's brought in enough people getting rich off the us,he has no worry about the 25th anymore. Impeachment though, that might happen after the 2026 elections. If the house and senate swing enough, the democrats may just have enough votes....three times impeached.....new record...lol

 

[TastySuckToy]

Say it with me people! Come on, all together now
G L. O. B. A L F I. N. A. N. C. I. A. L. R. E. S. E. T Gold Backed currency!

People are going to panic sell their gold for Bitcoin in the future.

Shiny rocks aren't a useful metric for measuring wealth in a digital economy and world.

 

[BrightShinyGirl]

He's brought in enough people getting rich off the us,he has no worry about the 25th anymore. Impeachment though, that might happen after the 2026 elections. If the house and senate swing enough, the democrats may just have enough votes....three times impeached.....new record...lol

President Hakeem Jeffries is getting more likely day by day.

 

[MajorRewrite]

A “crypto reserve” is a scheme for crypto bros to cash out mass amounts of crypto currencies without simultaneously crashing the crypto currency market.

Notice that the crypto bros’ most fervent desire is to turn their useless crypto currency into real money.

Trump supports all fraudsters so he wants the US government bail out the crypto bros.

 

[Lazaran]

A “crypto reserve” is a scheme for crypto bros to cash out mass amounts of crypto currencies without simultaneously crashing the crypto currency market.

Notice that the crypto bros’ most fervent desire is to turn their useless crypto currency into real money.

Trump supports all fraudsters so he wants the US government bail out the crypto bros.

^ Nailed it!!!

And this announced “Crypto-reserve” is criminally irresponsible (See also: The “external revenue service”.)



JFC

SAD!!!

 

[BrightShinyGirl]

If you're talking about the coins mentioned by the Trump administration that aren't Bitcoin, I actually agree with you, to a degree.

I don't think Trump really understands Bitcoin, he has advisors and interests pushing coins like ETH, SOL, ADA, XRP, and this news proves it.

Bitcoin is the real deal, the others are not. They might function as second layer protocols or secondary coins lots of people use. Fiat had a good run, so it's not exactly out of the realm of possibility a few shit coins might do so as well, for a bit.

Donald Trump is going to collapse the whole crypto house of cards.

 

[TastySuckToy]

Donald Trump is going to collapse the whole crypto house of cards.

99.999% of cryptos will fail, with or without Trump.

And Bitcoin is and will continue to succeed at astounding scale, with or without Trump.

 

[KingDJT]

Donald Trump is going to collapse the whole crypto house of cards.

The only thing he's gonna collapse is the democratic party, the current financial system, the climate.change hoax and EVERYTHING the democratic liberal stands for! That's about all he's gonna collapse! Oh yeah our health industry is going nye bye too but other that that and 95% of government, you sleepless should be OK. Bring on March Madness!

 

[Politruk]

the climate.change hoax

You are an idiot.

 

[KingDJT]

Especiallyl economy and world.

You are an idiot.

Idiot or not, it's coming to an end! How many times does Al Gore and company have to lie to you? We're gonna be dead in 12 years. Were gonna be dead in 5. In 10 in 7. ITS AN EMERGENCY ! No more gas! No more oil No more coal. The glaciers are melting! nOTHING has happened! Global warming global cooling ! Well it's DONE! It's not going to be taught anymore to our kids and we're going FULL Fossil FUEL AHEAD! Whether you people like it or not! This is OUR administration and they work for US!

 

[MajorRewrite]

Red states are eagerly jumping on the Crypto Reserve scam bandwagon.

Remember that crypto reserves are simply a way for Crypto Bros to convert their crypto coins into real money without crashing the crypto house of cards.

Foolish red states and their money are soon parted.