Bitcoin was created in 2009, 16 years ago.
On a logarithmic scale it has increased by a factor of 10 every three years.
Past performance is no guarantee of future results.
Posted on 09/30/2025 10:45:00 AM PDT by E. Pluribus Unum
President Donald J. Trump, in his triumphant return to the White House.
Indeed holding the record of getting more things done than most of all the presidents.
It’s what ticks of the democrats and that’s a good deal.
How much of that $37T were Iraq and Afghanistan?
Thanks to GWB, scion of a banking family that goes way back.
Well, it made his family a billion dollars. So I guess it works for him.
The thought that stablecoin purchases (which need to be supported with Treasuries) is going to act like Gold Reserves is hopeful thinking.
At some point, Congress is going to spend us into oblivion. The rest of the world will decide that the dollar is not the end-all, be-all reserve currency anymore. No stablecoin is going to help survive that mess.
But “Crypto” is a generic term. We won’t have a Central Bank Coin (which is good) but the major crypto currencies (Bitcoin, Etherium, etc) are not controlled by any government. So if YOUR government is behaving poorly you could move your “dollars” into one of those currencies to allow for individual ownership. The government is not printing more Bitcoin, so it should retain its long term value.
That’s the plan. We are a long way from it being realized. And $200k bitcoin is a while away. It’s not happening in 2025 unless things go really badly for the US Dollar.
“”””President Donald J. Trump, in his triumphant return to the White House, is unleashing a crypto revolution that’s poised to slay this debt dragon.””””
Yeah, by hiding the debt with this new-fangled way to print more money.
While I support Trump, he does have a dollar problem.
Since he took office, the dollar has dropped in value as the other foreign currencies have increased in value.
Bitcoin was created in 2009, 16 years ago.
On a logarithmic scale it has increased by a factor of 10 every three years.
Past performance is no guarantee of future results.
Maybe I read the article incorrectly this morning. Trump’s move isn’t about the govt buying crypto. It’s more like letting the govt maintain the crypto it confiscated by people convicted of using crypto for money laundering. Like Sam Bankman-Fried, who used crypto for the Dims to get around political campaign / bribery rules. IMHO, Trump is proclaiming to the Dims not to do that again or he/Vance will be in charge of it after it’s confiscated by the govt.
Anyone who thinks crypto will fix the US debt problem is stupid.
This article says absolutely nothing.
I still don’t understand crypto.
Vietnam+Iraq+Afghanistan+Ukraine
Trillions lost in Treasure, immense loss of blood. What do we have to show for it?
Vietnam is communist.
Iraq is FAFO
Afghan ruled by Taliban
Ukraine is unlivable.
But DC is richer than ever.
don’t worry, Trump has an ‘AI and Crypto Czar’ (David Sacks) in his cabinet (paid by your tax dollars as well) to help convince the public how great crypto is
To me, it sounds like I give someone some dollars and they tell me I have a certain amount of ether. Then, it appreciates and depreciates wildly. As long as no one steals it by hacking or me forgetting some obscure password, I am free to move about the country.
But what about Grenada? That was a blowout the likes of Ohio State vs Slippery Rock in football.
There’s bad news. Unless crypto goes to quantum keys it’s doomed, and soon. Quantum computing can crack crypto in seconds.
The government doesn’t have enough crypto in their “fund” to amount to much against the Debt. They have 195,000 bitcoin. If they are not going to buy more thats not going to get them very far.
The government doesn’t have enough crypto in their “fund” to amount to much against the Debt. They have 195,000 bitcoin. If they are not going to buy more thats not going to get them very far.
Well, ya ain’t dead yet. There is time to learn. Ha Ha.
Well, ya ain’t dead yet. There is time to learn. Ha Ha.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.