Just a few days ago,Bienenstich Im Liebesnest full movie porn (1976) Mashable published an article investigating why Bitcoin and other cryptocurrencies were suddenly in a freefall. Of the four main reasons, three were attributable to Donald Trump and his actions as president.
This is not exactly what one would expect from Trump, who promised to be a pro-crypto president after its advocates helped him win the presidency.
But over the weekend, as Bitcoin lost roughly one-fifth of its value, Trump suddenly made an announcement that temporarily sent cryptocurrencies' values skyrocketing once again.
On his social media platform Truth Social, Trump announced that the U.S. government would create a "Crypto Strategic Reserve" and begin buying various cryptocurrencies. Trump specifically mentioned five: Bitcoin, Ethereum, XRP, Solana, and Cardano.
"A U.S. Crypto Reserve will elevate this critical industry after years of corrupt attacks by the Biden Administration, which is why my Executive Order on Digital Assets directed the Presidential Working Group to move forward on a Crypto Strategic Reserve that includes XRP, SOL, and ADA," postedTrump. "I will make sure the U.S. is the Crypto Capital of the World. We are MAKING AMERICA GREAT AGAIN!"
Crypto immediately went up across the market. Bitcoin, for example, shot up from the $85,000 range to the $95,000 range, ending a seemingly downward spiral that the crypto market was experiencing.
However, critics immediately called out Trump and his administration for the move. For one, it seemed like a bizarre strategy for an administration spearheading a cost-cutting initiative led by Elon Musk to use taxpayer dollars to buy up cryptocurrencies.
"Nobody announced a tax or a spending program," White House AI and crypto czar David Sacks saidto those critics. "Maybe you should wait to find out what’s actually being proposed."
This Tweet is currently unavailable. It might be loading or has been removed.
Sacks, a Silicon Valley venture capitalist, never shared precisely what was being proposed as a followup.
While most have likely heard of Bitcoin and Ethereum, the other three cryptocurrencies mentioned by the president serve very niche crypto audiences. Solana is probably best known as the platform on which many meme coins are built. For example, Trump's controversial meme coinis traded on the Solana blockchain. Some crypto advocates even criticized Trump's inclusion of XRP and ADA due to concerns regarding centralization and the lack of stablecoin issuers.
But speaking of Sacks, a big spotlight was also put on him and his seemingly coincidental connection to the five specific cryptocurrencies that Trump wants the U.S. government to buy.
Sacks was an early investor in Solana and, as a result, had a significant amount of Solana crypto holdings. Sacks claims he has since sold off all of his crypto holdings. However, Sacks has yet to speak to his venture capital firm Craft Ventures and its connection to the five specific cryptocurrencies.
Craft Ventures invests in crypto companies such as Bitwise, a crypto asset manager with significant crypto holdings. Its top five cryptocurrency holdings? Bitcoin, Ethereum, XRP, Solana, and Cardano.
We'll have to wait and see exactly what Trump and Sacks have planned to fully look into the ramifications here, but so far, it's not looking good.
As for Trump's attempt to help the crypto markets, the bounce appears to have been only temporary. As of publication, most cryptocurrencies have dropped back to their trading levels before Trump's announcement.
Topics Bitcoin Cryptocurrency Donald Trump Politics
Best Prime Day Apple deal: 17% off 5th gen iPad Air200+ October Prime Day deals still live on Amazon: Apple AirPods, Nintendo Switch, and moreThis Disturbing 1936 Cartoon Tells Springtime’s Origin StoryWho is Vecna in 'Stranger Things' and why is the internet talking about them?Watching Women Shop in ParisThe Night Men with Their Rude Carts, and Other News by Dan PiepenbringBest Prime Day Apple deal: 17% off 5th gen iPad AirNicholson Baker on the Joys of PocketsWhiting Awards 2016: Layli Long Soldier, PoetryAdventures at the NinetyBest Nintendo Switch deals of Prime Day 2 (updated)“The Solution,” a Poem by Sharon Olds (1985)The best Prime Day kitchen deals: Vitamix, KitchenAid, and moreWhiting Awards 2016: LaTasha N. Nevada Diggs, PoetryParis Match: A Puzzle by Dylan Hicks40+ Prime Day video game deals: Nintendo Switch, Xbox, moreRyan Gosling's Ken in 'Barbie' floods the internet with thirsty memesBest Beats deal: The Beats Studio Buds are 40% off for Amazon's October Prime DayWho's who in 'The Fall of the House of Usher': The Usher family treeAn Indulgence of Authors’ Self Tesla China lowers Model Y prices amid rising market competition · TechNode Apple to expand production of M2 chip Shein takes 1/3 stake in Forever 21 operator Sparc Group · TechNode Starbucks establishes innovation and technology center in Shenzhen, China · TechNode Kuaishou sees nearly 30% revenue growth in Q2, boosted by e Honkai: Star Rail’s global revenue exceeds $500 million · TechNode ByteDance’s subsidiary tests its AI robot Doubao · TechNode China holds 49.4% of global new energy light vehicles market by Q1 sales · TechNode Express courier firm SF Holding sees revenues fall in first half of 2023 · TechNode Google recruits staff for Google Home in China: report · TechNode Chinese EV maker Neta enters Indonesia with three models · TechNode Xiaomi releases the CyberDog 2, a smart quadruped bio Xiaomi reportedly developing its own OS · TechNode iFlytek unveils updated LLM SparkDesk V2.0 and new product iFlyCode 1.0 · TechNode Lenovo appoints former Goldman Sach director John Thornton as non TikTok to ban links to external retailing platforms · TechNode Beijing forbids generative AI in online medical prescriptions · TechNode Alibaba VP denies acquisition of former exec’s cross TikTok could lose over $500 million in US e Nio CEO says EV firm’s forthcoming phone is comparable with Android flagship devices · TechNode
2.4009s , 8225.234375 kb
Copyright © 2025 Powered by 【Bienenstich Im Liebesnest full movie porn (1976)】,Unobstructed Information Network