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Because deregulation or non-enforcement means manipulation/pump-and-dump etc. will still be profitable. The market probably believes that Trump will keep his wo
by V__ 2y ago
Because deregulation or non-enforcement means manipulation/pump-and-dump etc. will still be profitable. The market probably believes that Trump will keep his word [1] on this topic. Since Trump could continue to enrich himself using crypto and with guys like Peter Thiel owning him, sorry advising him, that is a common sense interpretation.
[1] https://archive.ph/KsI4s#selection-1575.114-1575.206 https://archive.ph/KsI4s#selection-1575.114-1575.206
- ttyprintk 2y agoPeople took what they wanted from his change of heart in July. First, to promise not to spend from a Federal strategic reserve. Later, he mentioned paying down the debt, which his administration was largely responsible for. Finally, he talks about a sovereign wealth fund, which implies he doesn’t plan to buy bitcoin with money.