Trump promises to transform the US into the main hub for cryptocurrency globally at the biggest Bitcoin event

[peacefan]

Internewscast Journal
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Donald Trump recently spoke at the largest Bitcoin event globally, with a goal to show that he is the best choice to support the cryptocurrency market and shield it from excessive government oversight.

Addressing a crowd of over 10,000 attendees at the Bitcoin 2024 conference in Tennessee, Trump, the Republican nominee for president, promised to make the United States a major hub for cryptocurrencies and Bitcoin if re-elected for a second term.

​

He emphasized his vision for the U.S. to become a leading force in the cryptocurrency world, stating that under his administration, the value of Bitcoin could even surpass that of gold in the future.

... ..

Remote : Sat, 27 Jul 2024 2320 +0000
Local : 2024-07-28(Sunday) 01 : 20 : 20
Found via World Headlines on nicer.app

thoughts? i'm hardly an economist myself

 

[candycorn]

Internewscast Journal
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This Post: Trump promises to transform the US into the main hub for cryptocurrency globally at the biggest Bitcoin event first appeared on Internewscast Journal



Remote : Sat, 27 Jul 2024 2320 +0000
Local : 2024-07-28(Sunday) 01 : 20 : 20
Found via World Headlines on nicer.app

thoughts? i'm hardly an economist myself

A make-believe billionaire hawking make-believe currency. It fits.

 

[rampart]

Internewscast Journal
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This Post: Trump promises to transform the US into the main hub for cryptocurrency globally at the biggest Bitcoin event first appeared on Internewscast Journal



Remote : Sat, 27 Jul 2024 2320 +0000
Local : 2024-07-28(Sunday) 01 : 20 : 20
Found via World Headlines on nicer.app

thoughts? i'm hardly an economist myself

we are not going back to a gold standard.

"conservatives" hate "fiat currency" so badly that trump is quite likely to move us to a blockchain standard.so we can all be crypto billionaires like the el salvadorans.

 

[JackOfNoTrades]

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This Post: Trump promises to transform the US into the main hub for cryptocurrency globally at the biggest Bitcoin event first appeared on Internewscast Journal



Remote : Sat, 27 Jul 2024 2320 +0000
Local : 2024-07-28(Sunday) 01 : 20 : 20
Found via World Headlines on nicer.app

thoughts? i'm hardly an economist myself

Good luck with that.
Interesting that a grifter would show up and speak at a grifter's convention.

 

[BULLDOG]

Snake oil and magic potions will be on sale at the entry gate and in booths at the end of the stage.

 

[wamose]

First of all, I don't understand how cryptocurrency works. But I can see that it's becoming more mainstream all the time. It's also used internationally. So, I think Trump is doing the right thing by learning more about this. Who knows what these currencies might become. And that's the great thing about having an intelligent, open minded person running the show. I don't know ANY Democrat politician who is even capable of comprehending cryptocurrencies, especially Kamala. Good for Trump and the US. MAGA

 

[BULLDOG]

First of all, I don't understand how cryptocurrency works. But I can see that it's becoming more mainstream all the time. It's also used internationally. So, I think Trump is doing the right thing by learning more about this. Who knows what these currencies might become. And that's the great thing about having an intelligent, open minded person running the show. I don't know ANY Democrat politician who is even capable of comprehending cryptocurrencies, especially Kamala. Good for Trump and the US. MAGA

Learning more about it makes sense. Advocating replacement of our monetary system even slightly with it is horrendous.

 

[Harpy Eagle]

It is sort of ironic that the same group of people that whine about "fiat currency" being bad are now all in on cryptocurrency, all because their cult leader told them to be

 

[wamose]

Learning more about it makes sense. Advocating replacement of our monetary system even slightly with it is horrendous.

China is actively trying to undermine the US dollar. They want to replace it as the worlds reserve currency. They're also players in the cryptocurrency markets. For Trump to be informed about these markets and how they can be used to remove the dollar as the reserve currency is very smart. Trump will see what's coming and act accordingly. And none of this will be about his desire to replace our monetary system. It's about keeping pace with international trends which could end up hurting us if we're asleep. At the very least, we need crypto knowledge to defend our own currency. In the worst case, we'll need that knowledge to compete in a world where crypto is king. Either way, we need knowledge to keep our country on top, and that goes for 5G, AI and crypto too. MAGA

 

[Moonglow]

Cryptocurrency undermines the US Constitution's authority.

 

[peacefan]

Cryptocurrency undermines the US Constitution's authority.

how?

 

[JackOfNoTrades]

how?

Because it is, quite literally, backed by NOTHING.

 

[Moonglow]

how?

The Constitution stipulates who can create money.

 

[BULLDOG]

China is actively trying to undermine the US dollar. They want to replace it as the worlds reserve currency. They're also players in the cryptocurrency markets. For Trump to be informed about these markets and how they can be used to remove the dollar as the reserve currency is very smart. Trump will see what's coming and act accordingly. And none of this will be about his desire to replace our monetary system. It's about keeping pace with international trends which could end up hurting us if we're asleep. At the very least, we need crypto knowledge to defend our own monetary policy. In the worst case, we'll need that knowledge to compete in a world where crypto is king. Either way, we need knowledge to keep our country on top, and that goes for 5G, AI and crypto too. MAGA

knowledge is good. Trump promised to make the US the Crypto capitol of the planet. That's not just gathering knowledge.

 

[sparky]

You folks should know we lost the dollar as global fiat to the Brics recently

~S~

 

[peacefan]

You folks should know we lost the dollar as global fiat to the Brics recently

~S~

link please?

 

[Moonglow]

You folks should know we lost the dollar as global fiat to the Brics recently

~S~

Not completely and Argentina has withdrawn.

 

[JackOfNoTrades]

Well, this really doesn't qualify as breaking news as Russian and China have been trying to do this for years.
And don't get me started about the offshoring to India.

“BRICS” Alliance Seeking to Shatter the Dollar’s Mantle of Dominance - American Cornerstone Institute

The idea of combining multiple regions together to create a larger economic force is not a new concept by any means. However, statements from Russian Duma Deputy Chairman Alexander Babakov has caused intrigue and sparked a fear of global de-dollarization. At a recent international...

americancornerstone.org

 

[sparky]

link please?

The US - Saudi Petro Dollar Agreement Has Official ENDED

The Petrodollar agreement between the United States and Saudi Arabia has officially expired, marking a significant shift in global economics.

www.islamicity.org

Saudi Arabia ends petrodollar agreement: What it means for the USD, Bitcoin, and gold

The Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.

kitco.com

https://www.reuters.com/markets/currencies/what-is-brics-currency-could-one-be-adopted-2023-08-23/

WSJ News Exclusive | Saudi Arabia Considers Accepting Yuan Instead of Dollars for Chinese Oil Sales

Saudi Arabia is in active talks with Beijing to price its oil sales to China in yuan, people familiar with the matter said, a move that would dent the U.S. dollar’s dominance of the global petroleum market and mark another shift by the world’s top crude exporter toward Asia.

www.wsj.com

~S~

 

[sparky]

Well, this really doesn't qualify as breaking news as Russian and China have been trying to do this for years.

indeed so Jack

~S~