Post
Topic
Board Bitcoin Discussion
Re: Trump to enter the crypto business
by
shield132
on 16/08/2024, 21:15:29 UTC
Trump Jr. has announced that his family will be entering the cryptocurrency business:

https://cointelegraph.com/news/donald-trump-jr-launching-crypto-platform-take-on-banks

Although the details are still sketchy (which is how they do everything), it's clear that Trump is making a big push into crypto personally.
My question is, does he really make a big push into crypto or is this part of the plan? Part of me thinks that Biden, Hamala, Trump and others are all the same, they fight against each other to caught our attention, like in the Roman Circus.

Trump already has built-in excuses to come after Bitcoin: he promises to criminalize abortion in the USA, which will require the largest police state created in the USA since the Prohibition in the 1920s (which is how the FBI was invented, for instance). Since Bitcoin and other cryptos can be used to pay for illegal abortions, it will make sense that Americans should be forced to use his "trusted" platform instead of "untrusted" ones like Bitcoin. (And if that excuse doesn't work, they could think of a dozen more).

I would like people to think about what a Trump presidency would mean to Bitcoin and crypto generally.

Trump, a convicted criminal and somebody who has been found guilty of running multiple scams all of his life, will have his own business that competes with Bitcoin and/or the crypto industry, and he will have the full power of the US government to give his own company unfair advantages over competitors. And Trump has demonstrated, over and over again, that he will absolutely use the US presidency to enrich himself at he expense of the American people.

Do you want to compete directly against the President if the United States and his political party with your business? Then by all means vote for Trump.
Trump is a businessman and he wants to run successful business. People should understand that billionaires aren't here to help people. They don't make billions by helping people, they make billions of exploiting workers, avoiding taxes, selling products and services at a high profit margin. This is how billionaires make money and stupid people think that billionaires will make their life better  Grin This isn't funny anymore. I believe that Trump wants to get power in his hand, including the crypto sector and what you said about abortion and Bitcoins, might be very close to reality.