Anonymous wrote:I can't wait for every single person who followed trump for "financial/economic" reasons crashes and burns. It's just getting started now as the grift unwinds.

Anonymous wrote:I thought the whole purpose of these alleged digital assets is that they were an alternative finance to the established financial system. Why the f do they now need that system to save them? I agree with the late Charlie Munger. Bitcoin is rat poison and based on fraud and delusion. I’m sure there’s “intrinsic value” in there — why not ask your boy Michael Saylor to bail you out. He wants you all to hold after all. And isn’t his firm a digital treasury company? GMAFB.

Anonymous wrote:It’s impossible to bailout crypto since it is decentralized. You would have to buy up trillions on an open exchange through financial institutions.

However, financial institutions are exposed and if they get too close to destabilization you can bet they will get bailed out. Such assurances were probably part of their decision to get involved in the first place. Retail investors will be the bag holders as always.

Anonymous wrote:The Trump family is heavily invested in crypto. Of course the federal government is going to bail them out. As we saw in 2008/2009, the fed and the federal government will go to any lengths to save the elite from themselves. Moral hazard are foreign words for those in power. And Trump hates losing money. He will use every lever to preserve his wealth.

Anonymous wrote:I don’t put anything past Trump to announce now is a good time to add to the “crypto reserve” mainly to save his own family’s crypto investments.