Trust me, I'm well aware that he was against Crypto his first term and that is why a year and a half ago I was saying the RFK Jr was the only one really making any sense to me.
I think Trump's sons and the fact that they saw RFK Jr being so popular with the younger generations that he changed his tune and convinced RFK Jr to join him.
The choice was mainly between word salad lady who was placed in there as a DEI hire and let 30 Million illegals spill across the border and Trump, RFK Jr, and Elon.
I only agree with maybe 40% of what Trump has done or is doing.
Regardless we are in trouble with $38 Trillion in debt and our only Exodus is Crypto so we don't need the SEC suing everyone trying to be in this sector.
I never understand why people get worked up about the debt. Nothing is going to happen if we don't repay it, and it's basically just a measure of how much money we have in circulation.
As for the illegals... if we want prices to come down, we're going to have to bring them back. They have literally been the driving impetus behind cheap produce and services for the last 60 years. American's standard of living will have to get a LOT lower before they decide it's worth it to replace that labor pool.
I don't like the SEC suing everyone, either. I don't even mind that Trump pardoned this guy, I'll just never believe that he did it for any reason other than someone paid him to. Probably the very guy he pardoned.
We aren't going to be able to repay it but once we start defaulting countries won't want to buy our debt and they will continue to flee from the Dollar hurting our purchasing power compared to other fiat currencies and compared to real money like Bitcoin, Litecoin, Dogecoin, Monero....etc
With all the replacement workers and illegals it devalues people's work and there willingness to stay in positions. People used to stick in positions for decades because if they thugged it out there was somewhat of a reward. Now no one wants to stick around because it won't get anywhere.
We pay for all this inefficiency of DEI and churn and burn game theory.
Getting rid of 30Million illegals and pulling in the military is the only way.
The only difference between digital currency and fiat currency is the ledger, which is easily applied to fiat, and the massive infrastructure required to make digital currency usable, which is a serious hindrance.
If fiat, and the infrastructure it supports, were to suddenly collapse, what good will your digital currency be? You can't access the Bitcoin network without an ISP.
Immediately what you are saying isn't true. Work is baked into crypto. You can't fictitiously print a Bitcoin or a Dogecoin but Trillions of USD can be popped out of thin air.
You are going to the absolute extreme and acting like all electricity and all routes to the Internet suddenly are destroyed. Like every node on Earth is instantly vaporized for all chains and the Internet is gone.
Yeah, things like that happen when pillars of society, like the fiat money system, collapse.
My greater point is that crypto by itself is not only unreliable, it's useless. You NEED electricity and an internet infrastructure for crypto to even work. I can fictitiously print all the Bitcoin and Doge I want, if nobody can check it against the ledger. Good currency needs to be usable in all situations.
If the electrical grid fully goes down globally there isn't going to be any money. It would just go back to trading food and weapons.
You are going to a far fetched extreme to where fiat currency and precious metals aren't going to have any value. It will all be about survival. Hunting and fishing or finding canned food.
The grid doesn't have to go down globally for your crypto to be useless, it just has to be down where you are. This is already becoming a real problem around the world as even fiat moves digital. When power goes out, stores become cash only, or they close. You can't go to an ATM, you can't withdraw from your bank, all you can do is argue with the store clerk, and ask someone to loan you money.
That's why crypto can't replace fiat. That's why credit can't even replace fiat, though it's been trying to for the last 40 years or so.
We do, technically, have the ability to get around this now, by distributing the internet across battery powered devices, but we aren't implementing it yet, and probably won't for quite some time, because it will cost the people with the server farms hundreds of billions of dollars a year in lost revenue.