Preannoucing crypto bailout has sent prices of XRP, SOL, ADA up 38%, 24% & 69% so far today. - ThreadSky

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tobyn.bsky.social • 31 days ago

Preannoucing crypto bailout has sent prices of XRP, SOL, ADA up 38%, 24% & 69% so far today.

This was the end goal of crypto aligning behind Trump - the crypto economy has very few actual dollars in it and relies on finding new people to hold the bag to get their dollars. The US government is the ultimate bag holder and they’re going to use your tax dollars to bail out crypto owners.

Comments

lawandreligionuk.bsky.social•31 days ago

No doubt they'll use the profits to buy tulips.

draigen.bsky.social•30 days ago

This was just a test. Maybe tomorrow he will “forget” that he even said these coins and go with bitcoin next.

That seems like a master plan for a bailout imo

indistinguished.bsky.social•31 days ago

Good for Eric

zavcorin.bsky.social•31 days ago

He has obviously given up on pumping the stock market with disastrous policy mix, and crypto is unregulated so best way to make cronies rich ....

tobyn.bsky.social•31 days ago

Every tradable asset incentivises holders to agitate for the fulfilment of the thesis that delivers greatest gain.

tobyn.bsky.social•31 days ago

Crypto bros often talk about collapse of fiat currency as their thesis. Co-opting govt to channel taxes their way seems tame by comparison.

ledredman.bsky.social•31 days ago

Unsurprising that a fraudster like Trump likes these crypto scams.

tobyn.bsky.social•31 days ago

Actually, it still isn’t clear that new taxes will be heading this way.

Really a restatement of EO14178 from Jan 23, BUT with new info around SOL, XRP & ADA inclusion.