RFK jr. might have explained it to him in one of their non-leaked phone calls. RFK jr. holds 21 BTC, three for each of his 7 grandchildren.
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RFK jr. might have explained it to him in one of their non-leaked phone calls. RFK jr. holds 21 BTC, three for each of his 7 grandchildren.
Why would RFK jr want Trump to understand what Bitcoin is?
Trump is expected to be the next President. RFK jr. is bullish on BTC. My understanding is that one of the planks of his platform is for the US Government buy some huge amount of BTC to hold as an asset. If you had a money printer like the US Government it sounds like a great idea to me.
RFK Jnr is trying to be the next President himself. It doesn't make sense to me while he would be trying to help his competition pick up votes.
I don't believe for a second the US government would buy Bitcoin. The Federal Govt spends money on projects or allocates to the states for projects. The Federal Reserve might buy assets as part of a quantitative easing but they are supposed to be non-partisan and quantitative easing increases inflation.
Whatever may or may not have happened between the two candidates, Trump seemed crypto bullish while speaking at the Bitcoin2024 event in Nashville, which is covered in the link below.
https://hive.blog/hive-167922/@haveyoursay/will-fire-sec-ceo-on-the-first-day-of-his-office-said-trump-2ou
I absolutely believe he'd fire Gary and install a loyalist... but it absolutely does not make sense for government officials to advocate using taxpayer dollars to juice a speculative asset... that's not small government.
Seen that way you make a solid point. Just never have thought of BTC as speculative. It has continuously increased in value since receiving my first coins at about the $36/BTC range. They have never fallen below $36 in all those years.
Sure, but it's still speculative... the price is determined by demand.
With a company, if it goes bankrupt, at the very least you could sell off the assets to try and pay back investors. If the price of Bitcoin dropped dramatically, there's no way for investors to try and recover their investment. Personally I think it's unlikely, but there's technically nothing stopping the price of Bitcoin soaring or crashing, it's all up to the demand.