Alternatively, global investors will start to shun the US, because US companies don’t have to be as transparent anymore. Then there is a giant sucking sound of capital out of US markets, and the stock market and dollar tanks.
You would think that a President would want to avoid this, but most of his wealth is now in crypto, and if the dollar tanks his crypto is worth more dollars.
He is so transparently out for his own gain, and those of his Crypto Broligarch friends, over what is best for the country as a whole.
An awful lot of crypto seems to track along with the American stock market. Maybe not an exact mirror, but if watch big drops/gains in S&P, you’ll usually see big drops/gains in something like BTC, anyway.
No, but if the dollar tanks then crypto arbitrage bots will make sure the value of the dollar vs. crypto tanks along with it. People invested in crypto (but who live in dollars) get a big win at the expense of everyone else.
Alternatively, global investors will start to shun the US, because US companies don’t have to be as transparent anymore. Then there is a giant sucking sound of capital out of US markets, and the stock market and dollar tanks.
You would think that a President would want to avoid this, but most of his wealth is now in crypto, and if the dollar tanks his crypto is worth more dollars.
He is so transparently out for his own gain, and those of his Crypto Broligarch friends, over what is best for the country as a whole.
He also owns a large portion of a publicly traded company and is seeking to be able to obscure his finances there more than they already are.
An awful lot of crypto seems to track along with the American stock market. Maybe not an exact mirror, but if watch big drops/gains in S&P, you’ll usually see big drops/gains in something like BTC, anyway.
Not sure about Taco’s shitcoins, though.
No, but if the dollar tanks then crypto arbitrage bots will make sure the value of the dollar vs. crypto tanks along with it. People invested in crypto (but who live in dollars) get a big win at the expense of everyone else.
You would think that would happen but I doubt it at this point.