World Liberty Financial is Donald Trump's crypto company. The blockchain is public. You can see exactly what they're doing. If you aren't knowledgeable about this, you are at a disadvantage. It does feel like they've written off the dollar and are abandoning it while jumping on a crypto lifeboat.
They need to cash out at some point. The Bitcoin Ponzi scheme has peaked—someone has to convert vapor into cash. Retail investors don’t have access to that much money. So why not install a president who’d use government coffers to pay for nothing?
Trump’s actions are the same ones an enemy country, using planted agents, would take to destroy the U.S. Using bottom line thinking, then that is what he is. Such treason warrants general strike/boycott until he is out of government and in prison (or deported)
He'll "stockpile" it at Ft Knox, but then there won't be room to keep that old fashioned worthless metal stuff, so we have to find another place to store those bars. Fortunately there are some empty storage rooms at Mar-a-Lardo that can hold it.
Don’t forget Trump created a crypto exchange which received big $ even before he won the election. Even Putin relaxed restrictions on Russia’s, already 1 of the biggest miners, use of crypto.
How would the govrnmt stockpile crypto? If Trump signed an executive order, Congress would have to approve a budget line for it. Or would it be to create one? Whose agency would be in charge of that? And would it be backed by the federal reserve, unlike any current crypto? He really has no clue.
The GOP plan, to eventually swap out gold for Bitcoin, is nothing less than a heist from the American people. He's going to do it right out in the open. The US will never recover. But the Bitcoin billionaires, who, currently, can't unload their Bitcoin, will shower millions on Trump.
Provided a few GOP senators.amd reps put country over party, then yes. So far, though, GOP congresspersons haven't shown they have the guts to thwart this plan.
Is this real? This is crazy.
I know BTC is limited to quantity 21 million, but there are already products that emulate BTC, like WBTC, which can lead BTC price dump in the long term.
I know such financial products exist for gold, too, but there will always be a difference between real gold and paper
I think you misunderstand the purpose of DOGE. It has nothing to do with government efficiency or good stewardship of resources. It's all about doing things to increase the wealth of Musk, Trump, and the other oligarchs.
What's strange? Crypto can only be bought with real money. Trump wants to use our government's tax money to buy a stockpile of crypto that only he and his closest intimate "friends" will have access to. They can use any number of tech reasons for "losses".
Trump and cronies could rob the US like this. Congress should make a law if they want a federal reserve. However, currently the US gov is a top 5 holder of BTC from criminal seizures. We must already use some security and I assume multisig wallets.
Another bubble scheme. How many times did Trump reduce his businesses to bankruptcy? We say it is going to be a long four years, but it may take much longer to dig ourselves out.
Bitcoin was an invention commissioned by the elites; they wanted a conduit to launder money and ended up spawning the biggest scam in the history humanity. It is redundant to the point of imbecility and set up in a way in which very soon only billionaires will be able to mint it.
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It’s a bro Ponzi scheme.
The grift is ever so strong
His exchange will become the new treasury.
Government manipulation of Crypto will become Inside Trading for the ones in the know.
Can nothing stop them?
I know BTC is limited to quantity 21 million, but there are already products that emulate BTC, like WBTC, which can lead BTC price dump in the long term.
I know such financial products exist for gold, too, but there will always be a difference between real gold and paper
Nuf said.
maga is quick to blame it on “Hunter’s laptop”, “Hilary’s emails” and then finally results back to “Bill had sex with an intern”.