its a flexible valuation he can manipulate with words and far less regulation. makes sense for a public con artist
This is it. He had a taste of pump and dump securities fraud with the SPAC. He has spotted a new scam.
Trump said in a Truth Social post Tuesday. “Biden’s hatred of Bitcoin only helps China, Russia, and the Radical Communist Left. We want all the remaining Bitcoin to be MADE IN THE USA!!! It will help us be ENERGY DOMINANT!!!”
Didn't COMMUNIST China ban it mostly because it was putting strain on their grid? Not sure how wasting states worth of electricity to fuel a glorified ponzi scheme is going to help with energy dominance but who am I to question the self-proclaimed genius.
Just tell him the only way to mine it is with windmill power. He'll change his tune.
They banned exchanges because people were able to move their wealth out of China
I just... I... what goes through this man's head? Why is literally every sentence he spews completed bullshit? And why do so many people fall for it?
he's propped up by like 7 billionaires with media companies and a lot of editing.
The broad masses of a nation [...] more readily fall victims to the big lie than the small lie
Yeah it's telling that this grifter is talking about Bitcoin when most other cryptos are massively more efficient. Even within crypto bitcoin is an obsolete technology. This is more for the like coal sector than crypto.
Yes, some of the biggest crypto providers are de facto chinese. They trade big time, always have. When techno idealists in the west were still discussing Bitcoin as a free currency over a decade ago, china already ran gigantic crypto miner farms and saw it only as a speculative asset. They knew from the very first day it‘s not about using crypto, but making money trading and holding it.
“Bitcoin mining may be our last line of defense against a CBDC [Central Bank Digital Currency],” Trump said in a Truth Social post Tuesday.
lol, no shot he wrote this.
He probably can't even read it. "Man. Woman. Camera. CBDC."
He did just have a fund raiser in SF with some billionaire crypto bros....so he may not have
Everyone who has not regarded crypto as a scam will certainly do, once he's done with the pump and dump he's setting up here.
I dunno man, the trumpets still buy whatever shit he shovels out and they don't seem to have caught on that he's a scammer yet...
A fool and their money are soon seperated.
Sunk cost is a strong salesman.
Bitcoin is only a few points off it's all time high... Who's getting scammed by that?
(On the other hand I would recommend switching to a sustainable crypto.)
Once again Trump proves himself to be a mere opportunist and grifter without principles or convictions. While in office Steven Mnuchin tried to kill crypto at the behest of the banking industry and Trump was vocal against Bitcoin. Once he left the White House he peddled his own NFTs.
without principles or convictions
He has 34 convictions
Oh. Donald must have bought some Bitcoins so it is time to pump for a dump.
Bet Trump has moved campaign money to buying bitcoin through some shady investment vehicle.
It's like trying to watch a 5 year old lie about eatching chocolate, when theres chocolate on their nose.
It would be funny and adorable if he weren't so hateful and racist, with real world consequences.
A criminal saying that a laughable scam that is mostly used for criminal activity is good? Who would have thought? Oh right, everyone.
He was anti-Bitcoin until recently though. Now suddenly he's all-in on it. Obviously something major has changed. One person speculated that this is to appeal to libertarians. I'm suggesting that along with that, the Saudis, who are in tight with Trump, just announced that they are abandoning the petrodollar and are considering trading in Bitcoin.
Way too overthinking it for Trump. Some criminal puppeteer just paid him a lot of funds in bitcoin.
I'm not suggesting Trump came up with the idea himself.
“Bitcoin mining may be our last line of defense against a CBDC [Central Bank Digital Currency],” Trump said in a Truth Social post Tuesday. “Biden’s hatred of Bitcoin only helps China, Russia, and the Radical Communist Left. We want all the remaining Bitcoin to be MADE IN THE USA!!! It will help us be ENERGY DOMINANT!!!”
I love using social media, but I sure miss the politics of the pre-social-media era. The craziness levels were considerably lower.
I agree with you, but then I just thought of the political eras that gave us Nazis, Stalin and the gulags, Mao and the Cultural Revolution and thought hmm politics could be crazy before, also.
there was a time when conspiracy loons would fearmonger about "digital currency" and "cashless society" and yet here we are...
They still are.
Bitcoin mining may be our last line of defense against a CBDC [Central Bank Digital Currency],” Trump said in a Truth Social post Tuesday
Don't use the imaginary digital currency made by the deep state. Use this specific digital currency that I have a huge financial interest in!
This dude probably has a much bigger stake in USD than BTC. The main difference is that USD always loses value.
Yes, here were are with digital currency. No need for quotes.
Oh yeah. I remember this episode of Mr. Robot
He realized that if you have a large number of people on remote control, you can do pretty well with Ponzi schemes.
"Don't use Bitcoins! They are EVIL! Give them to me, I'll take care of them!"
But what if the bitcoin is made on an electric boat that is being attacked by sharks?
Taking pointers from Elon's playbook with Doge, I see.
Phew, can finally cross this off my short list of things he hasn't been completely hypocritical about.
Scammers gonna scam.
Bitcoin doesn't move like the stock market. There's no hedge funds to call to naked short a nonexistent Bitcoin Inc in to the dirt. This means nothing.
That said I'd live bitcoin to go to a penny. I'd buy and hodl. I'd buy and hodl hard.
That said, fuck Trump. But not literally because his lineage should be pruned.
Monero is what Bitcoiners thought they bought. It's completely fungible and private just as cash is supposed to be.
Monero is great. Only crypto currency I actually use. Transactions are also waaay cheaper and faster than with Bitcoin.
So...which government got his claws in him this time? Taking all bets.
He must have had some girl pee on him in El Salvador.
Everybody sell. You know how you can't really tell when a stock is going to tank? Well, this time it's like we're doing economics with training wheels. You won't get hurt, and you can see what's coming. You just gotta sell now before the floor drops out.
We do not control USD.
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