President-elect Trump launched his own cryptocurrency overnight and swiftly appeared to make more than $25 billion on paper for himself and his companies.

Why it matters: The stunning launch of $TRUMP caught the entire industry off-guard, and speaks to both his personal influence and the ascendancy of cryptocurrency in his administration.

  • It also speaks to the nature of the crypto industry that someone could have $25 billion worth of something that literally did not exist 24 hours previously.
  • @Yawweee877h444
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    911 month ago

    This is so fucking stupid. Everything. I feel like we’re living in a fucking clown show.

    • @BothsidesistFraud
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      161 month ago

      Can’t decide if I’m annoyed that this poorly-disguised influence scheme will go unpunished, or if thrilled that many very deserving people will be separated from their money.

      • @NoSpotOfGround
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        71 month ago

        Why would you be happy about their money going to even less deserving people?..

    • @MothmanDelorian
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      51 month ago

      Think of it this way I can’t bribe Trump but if I bought 20% of this shitcoin I might be able to get his ear.