It’s almost certainly like Musk having Tesla buying up crypto, that almost certainly isn’t going to be used to do shady things.
…though Tesla continues to hold around 10,000 bitcoin worth around $1 billion on its balance sheet.
Earlier this year, Trump floated the idea he could use bitcoin to “pay off our $35 trillion—hand them a little crypto check, right? We’ll hand them a little bitcoin and wipe out our $35 trillion,” he said.
In July, Trump promised to create a “strategic national bitcoin reserve” and predicted bitcoin could eclipse gold’s $16 trillion market capitalization during an appearance at the Bitcoin 2024 conference.
Earlier this month, Trump confirmed he plans to create a U.S. bitcoin reserve.
It’s almost certainly like Musk having Tesla buying up crypto, that almost certainly isn’t going to be used to do shady things.
…though Tesla continues to hold around 10,000 bitcoin worth around $1 billion on its balance sheet.
Forbes Dec 27, 2024