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Cryptocurrency
With his promotion, the value of $Libra coin soared to more than $4 but an alleged sell-off by insiders saw the price collapse to less than a dollar
Rather than any principled position, the pardon was more likely meant to appease the crypto-libertarians who rallied behind him
People lost thousands in the Hawk Tuah girl’s scheme this week
His conversion may have to do with campaign donations in bitcoin
The president-elect has threatened huge tariffs, although the levels are so unrealistic no one believes they will actually happen
Many of the vice president’s ideas are an incoherent mess
He speaks for the vast majority, who don’t really understand the possibilities of crypto, yet who are open to the concept
The embrace of Bitcoin will shift his second term of office, if he wins one, in a very different direction from the first
It was born of a specific macro-economic climate, the low interest rates after the global financial crisis, when capital sloshed around the world looking for returns
