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How Long Will the Trump Crypto Boom Last?
- pseudolus 2y agohttps://archive.ph/SdLNF https://archive.ph/SdLNF
- kristianp 2y ago> During the crypto bust of 2022-23, which coincided with a spike in interest rates, three banks with ties to the crypto industry failed: Silvergate, Silicon Valley, and Signature This is disingenuous, at least Silicon Valley collapsed due to overreliance on bonds, whose prices fell as interest rates rose. Nothing to do with crypto.
- ttyprintk 2y agoAs bubbles go, the major pillar under Trump’s crypto boom is waves of bailouts. Future Americans will foot the bill, and know it. The selling point for pumps in 2025 will be, “but this one will be bailed out” and also still make the gains of a digital asset rather than a security. The big one, the one Musk will ride atop X coins, will initially be framed as a gamble to pay off the national debt.