jeffw@lemmy.world to

politics @lemmy.world · 4 months ago

Donald Trump Backs ‘Strategic Bitcoin Stockpile’ in Speech to Crypto Faithful

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Donald Trump Backs ‘Strategic Bitcoin Stockpile’ in Speech to Crypto Faithful

jeffw@lemmy.world to

politics @lemmy.world · 4 months ago

cross-posted to:
wired@rss.ponder.cat

Appearing onstage at the Bitcoin 2024 conference, Trump also promised to “fire” SEC chair Gary Gensler, set up a crypto advisory council, and make the United States the “crypto capital of the world.”

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4 months ago
Stagnant economy, and global trade down as GDP is also reducing: https://www.reuters.com/technology/short-cash-el-salvador-doubles-down-bitcoin-dream-2024-02-02/

Bitcoin solves no problems here. Same issues as any currency.

Regular people say the “crypto dream” doesn’t work as advertised:

https://www.reddit.com/r/Bitcoin/comments/17otops/just_got_back_from_el_salvador_thoughts_on_bitcoin/

Every dip in the market destroys net worth:

https://www.npr.org/2022/06/19/1106168947/what-the-crypto-collapse-means-for-el-salvadors-economy

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