I’m not saying it’s not legitimate. I’m saying that millions of people can’t do their own research, think for themselves, and need to be told what is “legitimate”. The market will eventually will educate them, but If we want the adoption of btc to accelerate then these people are reliant on the information provided to them by the “experts”.
Discussion
Those people will now buy trump coin, wrapped Bitcoin, and eth because of the government.
Maybe, but I think the same people who would’ve bought them before will. I don’t care about them. Small fry.
I don’t care about them either but you mentioned above that the millions of people who can’t think for themselves need a government or group of “experts” to tell them to buy Bitcoin. But this same group is now telling them to buy shitcoins. So this is causing more harm to people and many will associate that harm with all of cryptocurrencies including bitcoin.
The same group? It’s the president, Donald Trump and his family. Sure, many gamblers will get wrecked, but I don’t see financial advisors, pension fund boards, the boards of large wealth funds, money managers advising their clients to buy trumps fucking meme coin. He will milk dumb people, like rich people have always done. It sucks, it’s immoral, and is absolutely unethical, but that has no effect on the mission and what has been accomplished. He’s one man. I care more about the others who will be integrating btc into every nook and cranny and making it such an integral part of the world’s financial underpinnings everyone in the world will have exposure to it, without even knowing.
I’ll be very surprised if endowments, SWF, pension funds, and legitimate nation states buy meme coins.