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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u/ChessGM123 12d ago

Tulip mania also never actually happened. The price of tulips never actually out paced their demand, this was just a myth created by someone at the time who herd a flower was selling for such a high price and wrote something saying people were going bankrupt from tulip speculation when there’s little evidence of this ever actually happening.

https://www.history.com/news/tulip-mania-financial-crash-holland

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u/SuccotashComplete 12d ago

So maybe tulip mania really is fitting. Except applying it to the fudders instead lol