In a fiery Truth Social post on Thursday night, the president declared that any country backing an alternative currency would be hit with 100 percent tariffs and effectively cut off from American markets. Trump made it clear there would be no room for negotiation, dismissing any possibility of an international shift away from the dollar.
I don’t know about $TRUMP but this administration is absolutely attempting to tank the dollar in favor of crypto.
Every action taken by the GOP (since Reagan) is to deplete the federal government. They want everything not explicitly in the constitution (basically everything but the DOD) to go to the states or to a corporation.
In this case, pushing commerce towards crypto means investors can make money from betting on money. Same reason why they’re supporting charter schools, wanting to privatize social security, etc.
If I were a conspiracy theorist, given the rumors that Barron is pushing his dad towards Crypto, tanking the dollar and replacing it with $TRUMP would mean, one day, Barron could be in charge of the world’s currency.