TrumpCoin, and "Everyone Is Getting Hilariously Rich And You’re Not"
IMO Trump is using this for a few things:
1. Get some of his base familiar with crypto
2. Reward his friends (if you don't think his buddies knew the launch date ahead of time, yes, you are retarded)
3. Punish his enemies (SEC head left just hours before he launched it)
and most importantly
4. Signal to the world that his administration is going to endorse & adopt cryptocurrencies
5. Probably making himself a nice stack of cash
Superb analysis of our global monetary predicament.
IMO Trump is using this for a few things:
1. Get some of his base familiar with crypto
2. Reward his friends (if you don't think his buddies knew the launch date ahead of time, yes, you are retarded)
3. Punish his enemies (SEC head left just hours before he launched it)
and most importantly
4. Signal to the world that his administration is going to endorse & adopt cryptocurrencies
5. Probably making himself a nice stack of cash
Superb analysis of our global monetary predicament.