Ben McKenzie
๐ค SpeakerAppearances Over Time
Podcast Appearances
Well, look at the history, right?
Crypto was kind of floundering after all these guys were arrested, after all these trials, all these lawsuits got filed.
And then in the spring summer of 2024, Donald J. Trump, who had as recently as 2021 described Bitcoin as a scam,
decided he loved Bitcoin and cryptocurrency.
We end the movie on a clip of him talking about this.
He says, have fun with your Bitcoin and your crypto and everything else you're playing with.
That's a terrible Trump impression, but as he embraced it, people said, hey, if he wins the presidency, he can do a lot to boost crypto.
And so they started betting on it.
Sure enough, he won and the price went way up to $120,000.
So it's actually basically back to where it was the last high.
It's almost exactly at the top, which is fascinating because if you allowed it to drop a little further, psychologically, there might be a real hell to pay, right?
If it went into 50, people might really panic.
But somehow it's just managed to stay in the 60s range for quite a while, which is really interesting, especially in a highly illiquid market controlled by a very small number of whales that hold the vast majority of Bitcoin.
But anyway, the reason that these things can last forever is obviously, as I point out, the manipulation of...
come on man the deepest of all ironies the supposedly decentralized thing that's fighting back against the government now needs to kiss the ass of the corrupt president of the united states who's the most powerful man in the world in order to basically carve out their own rules and not have to follow the rules so that they can keep the ponzi scheme going and the vast percentage of the people that invest in those things like trump coin or melania coin or or or come rocket one of my favorites