this post was submitted on 25 Dec 2024
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[–] [email protected] 189 points 2 weeks ago (2 children)

Woah, and trump wants to set up a bunch of US bitcoin stuff that will massively pump up its value and give Russia free billions on their holdings?????

I never would have guessed!

[–] [email protected] 54 points 2 weeks ago (2 children)

Strategic Bitcoin ~~Reserve~~ Pump & Dump

[–] [email protected] 42 points 2 weeks ago* (last edited 2 weeks ago)

ahhh. ok. This does explain why trump and the republicans want to trade in a portion of fort knox for bitcoin. Its definitely a pump and dump scheme -- a bailout of the russian economy. Gotta hand it to Putin, thats clever. Get the American taxpayer to bail out Russia. I bet it works.

[–] [email protected] 6 points 2 weeks ago

Ahhh thats where Apartheid Clyde comes in, if theres one thing he knows it's stock manipulation.

[–] [email protected] 9 points 2 weeks ago (1 children)

Yeah, but Elon wants people to invest in Doge. So what will Trump do?

[–] [email protected] 31 points 2 weeks ago (1 children)

in the crypto space, the trading values of most coins are loosely tied to bitcoin's value- it's sort of a "reserve currency" of the cryptosphere, most major trading platforms focus on converting Bitcoin to and from other coins. If BTC goes up, the rising tide lifts most/all boats in the space.

[–] [email protected] 1 points 2 weeks ago* (last edited 2 weeks ago) (1 children)

Stablecoins excluded, obviously.

[–] [email protected] 2 points 2 weeks ago

Lots of other shitcoins too.