The encryption industry got what you paid for

The encryption market has never closed, so it was appropriate that President Donald Trump issued the announcement on Sunday: he would have been rewarded billionaires who funded his presidential presidency.

Trump wrote that the US encryption reserves raise this critical industry after years of corrupt attacks by the Biden administration. Published on social truthWeb for social media owns it. His wonderful son Eric Make This indicates that his father’s declaration is qualified as manipulation of the market. amazing.

Trump Promise the Check Circle Bitcoin Strategic Strategic Stocks on the Campaign Path. The new post expands the plan to include Ethereum, Solana, Ripple’s XRP and Cardano. I am using a loose “plan”. I don’t know who will buy the distinctive symbols, or even if the symbols are needed at all, or any type of wallet that will be used, or any of its rest. In a sane system, we had a group of these things, but this is Donald Trump.

Look, I know I was saying this a lot recently, but that is Very stupid. The US dollar is a source of American soft energy and a financial policy tool. Bitcoin’s explicit point, It was also designed originallyIt is the dollar challenge and the state. Now, it seems that the state is about to waste the money of taxpayers in buying assets that weaken its location in the world.

But Trump owes the large encryption industry, so he might do it anyway.

The US dollar is functional The world’s backup currency. It is widely used for international transactions, and US Treasury bonds are often used as a guarantee of loans, as it is considered the most secure assets in the world. Since there is a strong demand for American bonds, it is cheaper for the United States to borrow money more than they are for other countries.

American law goes everywhere the dollar goes to. American banks deal with dollar transactions, which means that when the United States will punish a country like, let’s say, Russia, that this country faces more difficulty in carrying out international actions. This also means that the anti-corruption laws-among other things-are also raid when people deal with dollars. This gives the United States a great deal of soft power. The US fiscal policy is greatly affecting the world’s fiscal policy, because our bonds are the virtual safe assets category.

Now let’s think about the virtual coding stock. It is up to the support of the United States’s symbols, which are It is widely used for crime. The United States is not an encrypted and strict bitcoin’s fiscal policy Crazy. Prices of symbols, which are widely used for gambling, volatile. American taxpayers may end even hook to save encryption investors if the hole is prices.

There are stocks of other things, of course: oil, gold, vaccines. The difference between encryption and other reserves is that the other things we store Use. Oil can be used in cars, planes and buses. Vaccines can be spread to prevent disease. Even gold has real uses: fillings and electronics (there is gold in your mobile phone), Satellite. Current currencies are basically the symbols that determine the mood of gamblers. The only thing that the encryption stocks is to enrich the donors for encryption in Trump.

Economist Tyler Quinn has been established The closest thing to a smart condition For the reserve you saw. He argues that the encryption reserves can actually Expand The arrival of the dollar, because the reserves in retaining the encryption means that the United States can function functional on the price of encryption as well as dollars. This looks like a very weak argument, as the most important bitcoin reserves are kept by the Kayan Satoshi Nakamoto, whose price can weaken as soon as the United States buys. Likewise, other backup currencies are severely affected by VCS. It depends a lot on implementation.

We do not know how the encryption reserves will be spread. If you are supposed to support the dollar, this has the effect of reducing the value of the dollar and linking it to the speculative gambling tools. Although some may argue that more bitcoin exposure can benefit the government when its price increases, the fact is that the American government is already benefiting from this – in the form of taxes.

Reducing the value of the dollar has wide effects. For example, it would make imported products, including auto and food parts, more expensive and reduce the value of many people 401 (k). Some people also believe that it will increase inflation. The dollar is also a financial tool that the US government has directly controlled – allowing the Federal Reserve to develop the financial policy that responds to events in the country.

It is not clear that the encryption reserves will have any benefits at all for the US economy to make up for the weakening of the dollar. However, it clearly benefits some people who are very specific.

Dancing with them what is broken oh

Bitcoin Reserve is a terrible idea in itself – but adding these additional currencies really gives what is happening. Bitcoin open source, and its origin (or creators), the Satoshi nakamoto entity disappeared. All other currencies here – Ethereum, Solana, XRP and Cardano – were supported by investors.

To bitcoin maxis, This is a blow against them – People like Jack Dorsi Refers to bitcoin As the perfect cryptocurrency because it is not Contained by VCS.

But VCS enriching is a decisive part of Gang technology organization. That is why David Sachs is Crypto CZARAfter all – I mean, it is not as if he had to leave his daily function in Craft Ventures in order to advise the White House. Hey, did you know that craft projects invested in BitWise, the encryption index? I wonder what Her supreme property. Andressen Horowitz, the name VC named Trump supporters Mark Anderson and Bin HorwatzHe is Hardly included in Solana Environmental system. Charles Hoskinson, founder of Ethereum and Cardano, Solele He had Trump’s ear. Oh, founder of Ripple, Brad Garlinghyus, A meeting with Trump It is in the brief list of the Consultative Council for encryption.

The only surprise is that Trump has not adhered to SHITCOINS – $ WLFI, $ Trump and $ Melania – in reserve.

Encryption More than 130 million dollars hold In the 2024 elections, according to L. Politico. It was barely half From all companies ’money That went to the elections, Associated Press He says. So far, this investment has been caused primarily in the nullification of the Securities and Exchange Committee, which has stopped or dropped the lawsuits against the stock exchanges, differently. Cornerand Coinbaseand Binanceand twinAnd Opensea. Justin Sun, who invested 75 million dollars in SHITCOINS TrumpAlso, the fraud case stopped.

Why is the encryption industry seeking a government rescue plan as well? It indicates that the future of encryption is dark. While there is a loyal market for encryption speculators, Bitcoin and other symbols have not become partial – partially because they are not practical in transactions. Sumput encryption transactions, and the unstable nature of the distinctive symbol assessments make timing it is very important. Moreover, every time a person deals with encryption, he opens himself to tax responsibility.

VCS has developed Blockchain as a solution to problems such as digital scarcity. NFT madness was originally described as a way to ensure that creators can pay for their work. This led to a bubble, followed by a collapse. In the wake of the FTX disaster – and its subsequent banking failure – avoid the large areas of the encryption audience. Once described as the future of money, the encryption appears to be largely unpopular among ordinary people. No wonder her supporters are looking for a rescue plan.

Enhancing luxury … North Korea?

What do you ask, can be worse than the bright bulletin of billionaires? What about infiltrators, ransoms, and totalitarian states?

The cryptocurrency, especially Bitcoin, is an important tool for the e -criminal. Among the most active groups LazarosThe state of the state’s piracy for North Korea. Recently, North Korea stole $ 1.5 billion In the stealing bybit. This is the tip of the iceberg. The 2019 United Nations report suggested that North Korea participated in it 35 penetration in 17 countries. North Korean infiltrators have It stole more than 6 billion dollars In Crypto since 2017, according to Elliptic, a Blockchain analysis company.

To create a encryption reserve, the United States is supposed to purchase currencies that are planning to use – which will enhance their price. Even if the reserve comes from the categorical encryption on the government-the same He seized the revenues of the Silk Road – This means that these assets will not be sold publicly, a step that can immerse the open market and lead to a significant decrease in prices.

Either way, anyone has great benefits of encryption possessions. This is great for North Korea. It may stimulate more piracy.

Therefore, who wins the encryption reserves? VCS, gamblers, infiltrators, and North Korea. Who is losing? American tax motivated.

Fortunately, the encryption reserves represents a good chance of not happening. After all, Trump’s executive order in January says only that will Evaluate Creating digital assets stocks. The funniest possible results are also the most possibility of encryption: the president manipulated the market for political ends, and the encryption stocks never started.