Replying to Avatar BoomTown

Assuming Trump is indicted and the establishment makes a clown show out of it, Trump’s most aggressive anti-establishment, “drain the swamp” move is to publicly go on the record in support of bitcoin.

Some random thoughts:

(1) clearly he would have taken a large bitcoin position before he made this announcement

(2) he’d have a hard time making his bitcoin position about bitcoin and not about himself

(3) he’d cannibalize his real estate holdings and throw geopolitics into chaos, has anyone on his team done the work to understand the implications?
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hh 2y ago

Trump has never understood or supported BTC. He has many other tools to fight back his enemies.

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BoomTown 2y ago

There was one quote where he said (paraphrasing), “they better watch out or bitcoin is going to replace the dollar.” That signaled to me that (1) he kinda understood, (2) he was no friend to bitcoin, and (3) feels like he has an “me against them” view on the system