Trump Turns Bitcoin Into Test of Patriotism

its a flexible valuation he can manipulate with words and far less regulation. makes sense for a public con artist

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.

“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.

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.

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.

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.

A criminal saying that a laughable scam that is mostly used for criminal activity is good? Who would have thought? Oh right, everyone.

“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.

there was a time when conspiracy loons would fearmonger about "digital currency" and "cashless society" and yet here we are...

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.

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.

Scammers gonna scam.

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.

So...which government got his claws in him this time? Taking all bets.

We do not control USD.

Make me some money!!

This is the best summary I could come up with:

Last month, his campaign began accepting crypto donations, calling the decentralized currency a reflection of Trump’s commitment to “freedom over socialistic government control.”

“Bitcoin mining may be our last line of defense against a CBDC [Central Bank Digital Currency],” Trump said in a Truth Social post Tuesday.

The former President met with the country’s largest Bitcoin mining companies on Tuesday night, according to The New York Times and several photos posted by crypto executives.

Trump may be hard-pressed for cash these days given his recent conviction, ongoing legal cases, and, oh yeah, the upcoming 2024 Presidential Election that’s less than five months away.

The crypto community, which is searching for allies in D.C. to create friendlier policies, could offer a meaningful source of funding to Trump in this critical final stretch.

Tech venture capitalists David Sacks and Chamath Palihapitiya also just threw a fundraiser for Trump last week, which drew high-profile Bay Area executives and big donations.

The original article contains 435 words, the summary contains 157 words. Saved 64%. I'm a bot and I'm open source!

Bitcoin it's nothing else than the way the west it's fighting against the Chinese economy, it's just making money anonymously where there is no money. Better than using the classic central bank method.

It’s surprising that he used to be a pro-crypto. Sad he lost a sane brain cell.

I'm quite frankly glad to see this, because that means that the United States will have no ability to ban it, what with the ETFs and everything, and as long as you can buy any kind of crypto at all, you can buy Monero. Also, the launch of decentralized peer-to-peer exchanges is helping to give the middle finger to the government.

Edit: I am getting out of the dollar as fast as I can while there are still fools gullible enough to accept a depreciating currency.