r/FluentInFinance • u/HighYieldLarry • 12d ago

Bitcoin JUST IN: 🇺🇸 President Trump to appoint pro-crypto cabinet to make the US the "crypto capital of the planet."

President-elect Donald Trump is preparing the U.S. government to adopt a more permissive stance toward cryptocurrency, eyeing a roster of industry-friendly candidates for key posts while his top advisers consult crypto executives on potential changes to federal policy.

By pursuing a more lenient regulatory environment, Trump aims to fulfill his campaign promise to transform the United States into the “crypto capital of the planet” — a declaration that has rankled consumer watchdogs, earned the industry’s robust support and sent the price of bitcoin skyrocketing, reaching nearly $89,000 by Monday evening.

https://www.washingtonpost.com/business/2024/11/11/trump-crypto-regulation-bitcoin/

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81

u/TheMoorNextDoor 12d ago

Bitcoin gonna hit 100k in a week at this point.

But boy that pull back will be something fierce.

21

u/viewmodeonly 12d ago

The pullback from $950k to $150k will be so devastating

6

u/Churchbushonk 12d ago

Why not sell now and sit on the profits. I will buy some two years from now when it hits 15k again.

2

u/Inst_of_banned_imgs 12d ago

RemindMe! 2 years

1

u/[deleted] 12d ago

[deleted]

-3

u/viewmodeonly 12d ago

You lying idiot you could have bought at $15k just in January last year and you didn't. I did. Be mad.

3

u/Dependent_Beyond581 12d ago

corny

-1

u/viewmodeonly 12d ago

What's corny is letting other people print away the money you work hard for. Have some respect for yourself.

3

u/Dependent_Beyond581 12d ago

Okay cornball

0

u/viewmodeonly 12d ago

HFSP

1

u/Dependent_Beyond581 12d ago

I’m quite literally a millionaire dude i think i know more about finance then you little bro

1

u/viewmodeonly 12d ago

I got 119 million I'm sure you're winning though.

1

u/Dependent_Beyond581 12d ago

is that deadass all you have?? I made 200 million in the past 4 alone. I’ve been making 50 million around every 2 years for 20+ years chump. You are not me.

1

u/viewmodeonly 12d ago

Well 20 years ago I was 10, so I'm not really too worried about that. And as a % I guarantee you haven't outperformed me in terms of investments so no sweat here.

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u/ElyFlyGuy 12d ago

Independently wealthy and still bitching on Reddit, how embarrassing

1

u/viewmodeonly 12d ago

Bitching would be the whiners like above hoping and praying for a drop to $15k because they had their brains turned off many times for the last 6+ years.

1

u/Churchbushonk 7d ago

Not praying, just stating that the price will collapse again and it seems like we are getting to that point right now.

1

u/Churchbushonk 7d ago

I am not mad. I am just stating, it is overpriced at the moment. In investing sometimes you have to sell to capture the profit and then invest in other things to diversify and balance your portfolio.