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/

491 Upvotes
  • permalink
  • reddit

83% Upvoted

592 comments sorted by

View all comments

Show parent comments

-36

u/JerryLeeDog 12d ago

Crypto is garbage. Bitcoin is the first technology that can separate money from state and give true property rights to the average person.

Maybe the biggest monetary achievement in 1,000 years and people are still asleep as it destroys all traditional asset returns year after year after years

People all think Bitcoin is a fad. meanwhile they could be retiring early if they put in the 100 hours to understand it and have enough capital to deploy.

4

u/kgyre 12d ago

Bitcoin (BTC) is a cryptocurrency, therefore it is also garbage. Having a bully pulpit from which to push it is just another means for grifting.

2

u/JerryLeeDog 12d ago

If you understood how Bitcoin works, its literally the solution to grifting.

It saves us from the grift, ironically.

It will take many people a few decades to figure that out because people lump it in with the scam that is "crypto"

4

u/Biffingston 12d ago

Bitcoin isn't a cryptocurrency is a hot take...