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this post was submitted on 13 Nov 2024
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Elon also is heading the Department of Government Efficiency (DOGE)... I bet they will substitute crypto for cash and pump/dump the nation. Honest opinion? Buy doge coin and bitcoin because inflation will skyrocket if Trump gets to print dollars and slap 100% tarrifs on food and Chinese imports (aka all products you buy). People will park their money in transient currencies and hard assets like houses and watch trump lower interest rates to refinance his real estate and his buddies too. Refinance your home, borrow cash and buy crypto, ride that wave before it burns down.
Crypto is for fools.
Yep, it is a cryptographic tool that has lead to a comodities market that, while large enough to sustain itself for now, is mathamaticly a ponzi scheme. Someone will be left holding the bag, if you have friends invested heavily in crypto, make sure they have an off-ramp.
Seriously. There are far better inflation hedges. There's inflation-indexed treasury bonds, land, bonds, stocks, gold, etc.
I heard Donald Tapped Him and Vivek ramaswamy for that, now I get what Donny gets out of this.