Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

General Discussion

bucolic_frolic

(47,737 posts)

7. That's been a rumor on some YouTube videos, not Trump's crypto specifically

Reply to Irish_Dem (Reply #6)

Mon Nov 18, 2024, 06:31 PM

Nov 18

but it's only today we learn about Trump's move into this crypto investment.

It is definitely true that Crypto hedges the dollar just like gold, though crypto can move on mere speculation, and gold and crypto can, but not often, move in opposite directions for awhile (as they are now).

There was an article earlier this year that pointed to a crypto ETF as something that would move 83,000%. It's moved 66% to date.

Edit history

Please sign in to view edit histories.

Recommendations

0 members have recommended this reply (displayed in chronological order):

13 replies

= new reply since forum marked as read

Highlight:

Trump Media In Talks to Buy Crypto Trading Business [View all] applegrove Nov 18 OP

Massive conflict of interest, crypto will tank the dollar bucolic_frolic Nov 18 #1

Trump plans to replace the dollar with his crypto? Irish_Dem Nov 18 #6

That's been a rumor on some YouTube videos, not Trump's crypto specifically bucolic_frolic Nov 18 #7

Trump wants to be the richest man in the world. Irish_Dem Nov 18 #8

When GWB was in office and when the Great Recession began bucolic_frolic Nov 18 #9

The deportation grift will be about all the taxpayer $billions allegedly to be spent on the grift. Irish_Dem Nov 18 #10

I saw that and contacted CREW on FB... OneGrassRoot Nov 18 #2

The big money return in crypto is::: keithbvadu2 Nov 18 #3

Trump family gets 75% of crypto coin revenue, has no liability, new document reveals keithbvadu2 Nov 18 #4

Trump's goal is the be the richest man in the world. Irish_Dem Nov 18 #5

Could trump even define crypto? IcyPeas Nov 18 #11

The great philosopher Yolo Contendere explained Bitcoin thusly.. Fish700 Nov 18 #12

Thats my understanding too. LOL IcyPeas Nov 18 #13