He's talking bollocks as usual. I doubt he understands what crypto really is.
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He was completely against it last time he was in power... and I'm sure it's because so much of his wealth is tied up in the USD, he's not going to help anything that potentially diminishes his wealth.
He also told a Christian religious group that they only have to vote for him one more time and then they'll never have to worry about voting ever again. It's wild to me that crypto folk would consider voting for an authoritarian government just on the promise that Bitcoin might go up.
I used to be surprised by many people in crypto supporting authoritarians until I realized a lot of people in crypto have no principles whatsoever and are motivated by absolutely nothing but short-sighted greed.
Yeah, I absolutely hate that. Crypto used to be about solving problems, particularly for those who are neglected by institutions and corporations (ie, the unbanked, people taken advantage of by overdraft fees, etc) and now it seems to mainly be a vehicle for rich people to get way richer and everyone else will let them as long as they might also potentially make something along the way.
RFK jr. might have explained it to him in one of their non-leaked phone calls. RFK jr. holds 21 BTC, three for each of his 7 grandchildren.
Trump is expected to be the next President. RFK jr. is bullish on BTC. My understanding is that one of the planks of his platform is for the US Government buy some huge amount of BTC to hold as an asset. If you had a money printer like the US Government it sounds like a great idea to me.
RFK Jnr is trying to be the next President himself. It doesn't make sense to me while he would be trying to help his competition pick up votes.
I don't believe for a second the US government would buy Bitcoin. The Federal Govt spends money on projects or allocates to the states for projects. The Federal Reserve might buy assets as part of a quantitative easing but they are supposed to be non-partisan and quantitative easing increases inflation.
Whatever may or may not have happened between the two candidates, Trump seemed crypto bullish while speaking at the Bitcoin2024 event in Nashville, which is covered in the link below.
I absolutely believe he'd fire Gary and install a loyalist... but it absolutely does not make sense for government officials to advocate using taxpayer dollars to juice a speculative asset... that's not small government.
... it absolutely does not make sense for government officials to advocate using taxpayer dollars to juice a speculative asset...
Seen that way you make a solid point. Just never have thought of BTC as speculative. It has continuously increased in value since receiving my first coins at about the $36/BTC range. They have never fallen below $36 in all those years.
Sure, but it's still speculative... the price is determined by demand.
With a company, if it goes bankrupt, at the very least you could sell off the assets to try and pay back investors. If the price of Bitcoin dropped dramatically, there's no way for investors to try and recover their investment. Personally I think it's unlikely, but there's technically nothing stopping the price of Bitcoin soaring or crashing, it's all up to the demand.