jeffw@lemmy.world to

politics @lemmy.world · 3 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 · 3 months ago

Donald Trump Backs 'Strategic Bitcoin Stockpile' in Speech to Crypto Faithful

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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just_another_person@lemmy.world
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3 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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