Trump names cryptocurrencies to be in strategic reserve; prices spike

Posted by hypsignathus

11 Comments

  1. Wonder how many of his cronies he tipped off ahead of time so they could make bank on the announcement.

  2. Archive link: https://archive.ph/qvU3Z

    Though the article only seems to be one paragraph. 

    > WASHINGTON, March 2 (Reuters) – U.S. President Donald Trump said on Sunday that his recent executive order on digital assets directed his team to create “a Crypto Strategic Reserve that includes XRP, SOL, and ADA.”

  3. WriterwithoutIdeas on

    Once more, Crypto fails to revolutionize any market but fraud (and online drug dealing).

  4. PersonalDebater on

    How hard will they crash when another administration decides to stop and dump all of it.

  5. Paying off the debt is trivial if you make the dollar worthless.

    Simply make a reserve of 100 billion Canadian dollars. Then switch to the Canadian dollar.

    That 100 billions becomes worth about a trillion in current dollars, meanwhile the dollar denominated debt becomes only valuable as a collectable.

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