The fact that anyone “invests in Bitcoin” is exactly why it has failed as an actual currency, which is, coincidentally, also why it’s a bad investment.
Trump Media & Technology Group, the company owned by the President, said Tuesday that it would raise $2.5 billion to invest in Bitcoin
Submitted 3 weeks ago by davriellelouna@lemm.ee to technology@lemmy.world
https://www.reuters.com/business/trump-media-raise-25-billion-fund-bitcoin-treasury-2025-05-27/
Comments
Ulrich@feddit.org 3 weeks ago
dhork@lemmy.world 3 weeks ago
The worst thing that has ever happened to Bitcoin was for its price to skyrocket
card797@champserver.net 3 weeks ago
Is it a security?
acosmichippo@lemmy.world 3 weeks ago
it’s an insecurity.
MyOpinion@lemm.ee 3 weeks ago
Billions and billions of graft the Orange Turd is making.
apfelwoiSchoppen@lemmy.world 3 weeks ago
Everything is a scam with this guy.
dhork@lemmy.world 3 weeks ago
This is good for Bitcoin
IllNess@infosec.pub 3 weeks ago
They will raise the price and dump it. It’s an unregulated way for his billionaire friends to steal money from the poor.
dhork@lemmy.world 3 weeks ago
Bitcoin is pretty widely traded, though. By some accounts, it has a daily trading volume of 50B. 2B is just a drop in that bucket, so it’s not enough to directly manipulate the price.
No, if you want to make money by manipulating prices, you use a shitcoin. $TRUMP has a market cap of $2.5B, and a daily trading volume of 500M. A $2B investment in BTC can then be used on dodgy exchanges to buy and sell $TRUMP anonymously.
Lost_My_Mind@lemmy.world 3 weeks ago
Jimmy Carter sold his peanut farm because he felt it would be a conflict of interest for the president to own outside business ventures while running the country. The country shit on him for being “weak” as a president, and OVERWHELMINGLY threw their support for the incoming ronald reagan.
The same guy who set up many of the policies that normalized the same behavior we see today.
This concept of scamming the people, and scamming the government, set up by a 34x convicted convict who’s yet to see the inside of a jail cell isn’t some anomaly. It’s the logical conclusion to what’s been happening in this country for 40+ years.
You did this America. This is the result.
Dragomus@lemmy.world 3 weeks ago
You’re right … but I think it currently is the wrong argument to make that it’s been going on so long…
The (extreme) situational corruption of this sitting ruler is what needs to be halted now and make it the final drop to setup regulations against what happened for 40 years.