As a crypto dabbler, when Trump won the election and became recognized as a crypto president I was happy, but I had consumed a lot of Trump news to know that Trump is a scandalous guy as he's been known to have so many scandals.
In his first tenure he was impeached because he held back ungoing aid the US had pledged to Ukraine until Ukraine gives him some information on Hunter Biden and stuff like that.
He paid off Stormy Daniels, a pornstar, illegally, with campaign money and was caught.
He lied in documents about the size of his assets and was caught.
He incited the January 6 riot.
And so many other scandals.
My fear was that he'll bring this to crypto and have a crypto related scandal that would usher in some huge bears.
Now he seems to be fixing to do that because this guy is not that smart and he's so naturally crooked.
Everything he's been doing had been looking like he's manipulative. First he launched memecoins right in time to take advantage of the inauguration.
He didn't say anything about crypto during the inauguration. That was clearly a deliberate and calculated move.
Now, just before he announced the strategic reserve there was a dip that many viewed as a manipulated dip. Then just before the announcement hundreds of millions of dollars were placed taking the long position. Clearly insider trading. Trump isn't smart enough to make things less obvious.
Now people are talking about insider trading and if talks like these above made by Peter Schiff escalates it would be a scandal that rocks crypto.
Look at this:
It's clearly just a joke, but:
What happened to just loading your bags long before inauguration and benefiting from your crypto policies amd simply talking about crypto? Why does it have to be so manipulative like not talking about crypto on inauguration day, insider trading before an announcement, and shite like that?
Trump is already losing influence, I hope he makes the strategic reserve a reality ASAP at least. If it turns out he can't that would be really hurtful.
The End
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Hmm, this is deep. I think anyone envisages the sudden reverse and the sudden surge in the price of cryptocurrency, particularly btc, since there wasn't any negative news about the cryptocurrency market, so I wonder why we observed such a sudden movement.
If this manipulation continues like that, many investors might lose interest in cryptocurrency investment, and it won't be good at the end of the day. No one wants to invest their hard earned money in a venture. Only a few dictators dictate.
True
If everyone makes money, then nobody feels special. This is a reward for people who helped him.
That makes a lot of sense 🥲