Mattyfisk wrote on Sep 22
nd, 2024 at 10:44pm:
Sprintcyclist wrote on Sep 21
st, 2024 at 10:40pm:
Actually, it's an example of the big fella trying to hedge his bets. He's trying to shmooze the crypto bros and the Feds in the same reply.
And he does answer the question - he's
not into crypto. It's hard to see why crypto enthusiasts are so pro-Trump. Some are huge Trump donors.
Then again, if they're enthusiastic about Ponzi currencies developed out of video game tokens, they'll settle for anything. In it's essence, crypto is the epitome of everything Trump stands for - personal branding and pyramid credit schemes, with the inevitable loss passed on to the suckers.
Crypto is the currency of Russian money launderers, internet fraudsters and human traffickers. It's perfectly Trump.
They deserve each other. When Trump goes down, a number of crypto currencies will dip, if not tank entirely.
You're so wrong about Crypto it's funny.
The WEF itself has been presenting Crypto's future to the world at it's own summits almost since inception, to the point where many believe it's actually it's secret baby. Yes it's cowboy country still but it will change and mature over time.
The USA banker money has now realised the fear around future threat to US dollar can be mitigated and everything is still valued according to it's US dollar relevance.
It is no more fake than printing US dollars out of thin air as currently occurs and that has been the bedrock of modern day economic value.
Crypto is now embedding into traditional markets with hundreds of billions of dollars invested and entire countries working with it and it's technology regarding there own Digital currency versions.
I'm not saying jump on board and start day trading, there will still be massive swings to come for decades and massive transfers of wealth to those on the inside and those prepared to abuse the uneducated entry levels, but it's here to stay IMHO.