Josh Gay
π€ SpeakerAppearances Over Time
Podcast Appearances
But we're actually already starting to see the overall market follow along.
Crypto can be an indicator on how the overall market is going.
And we're going to keep an eye on that over the weekend and see how things open up on Monday.
But this is really surprising, especially since Trump, especially in this second term, has billed himself as the crypto president.
He took office and signed a ton of crypto executive orders, deregulating crypto, rolling back SEC enforcements.
He established a strategic reserve for Bitcoin.
And of course, he launched his own crypto through World Liberty Financial that came with a half billion dollar investment from Abu Dhabi.
As of last year,
It's estimated that Trump and his businesses had as much as $11.6 billion in crypto holdings and as much as $800 million in profits coming last year from crypto.
And there's allegations from congressional leaders like Jamie Raskin that Trump is using crypto to hide shady deals, deals that we haven't even heard of, and illegal deals with foreign countries and foreign investors.
Look, Trump once told us that crypto can facilitate unlawful behavior.
That's kind of his standpoint earlier in his political career, his first term.
I guess he's right.
I mean, Trump is now the one that's profiting off crypto, and he has allegations that he's using it improperly.
He's using it to cover up for improper investments and improper deals with other countries.
I'm telling you, he knows what he's doing when it comes to taking advantage of the crypto market.
And look, the point is here, conservatives, and we saw it with the Cato Institute, and we see conservatives all across the board, they're starting to see Trump for what he really is.
Highly unprincipled.
He's extremely volatile.
And he's ultimately only interested in himself.