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’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.