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.
I’m surprised your general, common and sober crypto takes get downvoted on Lemmy. I’m personally “done” with crypto (I made a lot and got it before the crypto winter) but your takes are correct.
I’ve found the Fediverse to be “bubblier” than places like Reddit in general. I think it’s simply that there are a lot fewer people here so it’s easier for a group to fall into groupthink, there are fewer outliers.
Not that most of Reddit is particularly “pro-crypto”, but you’re at least more likely to encounter those views now and then. That can lead to the challenging of assumptions.