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BillD's avatar

The last several days have shown that the crypto industry is a complete and total scam. Including Bitcoin. Makes the sports book industry look honest.

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Andy Bizub's avatar

I agree. Her thinking, superficial as it is, stems from the school of thought that "government should be run like a business" plus wanting some good publicity for herself. Businesses have to make a profit in order to survive...you don't want your government making a profit. You don't want it running huge losses either. If Trump or anyone else does establish a BTC reserve it is an admission that your currency and your financial predicament have spun out of your own control. Stop spending, spur economic growth, watch long term rates ease as a result and the Bitcoin speculative mania will subside. Then BTC would have a chance at being a real medium of exchange. Today it's a volatile psuedo-dollar index.

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