Zeke Faux

In this case, you've got people like... Dave Portnoy from Barstool Sports being like, hey, I just created this dumb coin. It does not do anything. It'll probably collapse eventually. Do you want to buy some? And people have sort of organized themselves into this kind of pack of degenerate gamblers who move from meme coin to meme coin and try to make money on it.

Yes. So it's kind of funny, but The cryptocurrencies that have actually found the most widespread use are ones that are backed by dollars. And this is because in my book, Number Go Up, I was really focused on this one called Tether. It's the biggest stable coin. It's gotten so large that... There's something like $130 billion worth of it outstanding.

Yes. So it's kind of funny, but The cryptocurrencies that have actually found the most widespread use are ones that are backed by dollars. And this is because in my book, Number Go Up, I was really focused on this one called Tether. It's the biggest stable coin. It's gotten so large that... There's something like $130 billion worth of it outstanding.

Yes. So it's kind of funny, but The cryptocurrencies that have actually found the most widespread use are ones that are backed by dollars. And this is because in my book, Number Go Up, I was really focused on this one called Tether. It's the biggest stable coin. It's gotten so large that... There's something like $130 billion worth of it outstanding.

And the pitch is that a tether will always be worth a dollar because it's backed by real dollars that tether the company keeps in the bank somewhere.

And the pitch is that a tether will always be worth a dollar because it's backed by real dollars that tether the company keeps in the bank somewhere.

And the pitch is that a tether will always be worth a dollar because it's backed by real dollars that tether the company keeps in the bank somewhere.

Yeah, I mean, that's certainly one popular reason. Criminals all around the world are figuring out that this is very handy because you can keep Tether in like an anonymous wallet and you could zap an unlimited amount to somebody other side of the world into their anonymous wallet. And unless law enforcement is able to figure out what your secret wallet address is, they would have no idea.

Yeah, I mean, that's certainly one popular reason. Criminals all around the world are figuring out that this is very handy because you can keep Tether in like an anonymous wallet and you could zap an unlimited amount to somebody other side of the world into their anonymous wallet. And unless law enforcement is able to figure out what your secret wallet address is, they would have no idea.

Yeah, I mean, that's certainly one popular reason. Criminals all around the world are figuring out that this is very handy because you can keep Tether in like an anonymous wallet and you could zap an unlimited amount to somebody other side of the world into their anonymous wallet. And unless law enforcement is able to figure out what your secret wallet address is, they would have no idea.

Compare it to like a bank or a credit card company that's going to ask a lot of questions about your transfers. You've got like Russia using it to evade sanctions. Chinese gangsters in Cambodia are using it to run this massive fraud and human trafficking operation. And also just crypto traders use it.

Compare it to like a bank or a credit card company that's going to ask a lot of questions about your transfers. You've got like Russia using it to evade sanctions. Chinese gangsters in Cambodia are using it to run this massive fraud and human trafficking operation. And also just crypto traders use it.

Compare it to like a bank or a credit card company that's going to ask a lot of questions about your transfers. You've got like Russia using it to evade sanctions. Chinese gangsters in Cambodia are using it to run this massive fraud and human trafficking operation. And also just crypto traders use it.

Basically, whether you're a criminal or you're selling sneakers, you don't want your currency to go up or down 10% in a day. So the stable coin is more attractive.

Basically, whether you're a criminal or you're selling sneakers, you don't want your currency to go up or down 10% in a day. So the stable coin is more attractive.

Basically, whether you're a criminal or you're selling sneakers, you don't want your currency to go up or down 10% in a day. So the stable coin is more attractive.

So it's three days before inauguration. He writes on Truth Social that My new official Trump meme is here. It's time to celebrate. And honestly, a lot of people in this meme coin world were waiting for this moment because they knew if Trump ever did launch a meme coin, there'd be a lot of interest and it would go up a lot. And that becomes kind of a self-fulfilling prophecy.

So it's three days before inauguration. He writes on Truth Social that My new official Trump meme is here. It's time to celebrate. And honestly, a lot of people in this meme coin world were waiting for this moment because they knew if Trump ever did launch a meme coin, there'd be a lot of interest and it would go up a lot. And that becomes kind of a self-fulfilling prophecy.

So it's three days before inauguration. He writes on Truth Social that My new official Trump meme is here. It's time to celebrate. And honestly, a lot of people in this meme coin world were waiting for this moment because they knew if Trump ever did launch a meme coin, there'd be a lot of interest and it would go up a lot. And that becomes kind of a self-fulfilling prophecy.

So Trump coin shot up as high as $72. On paper, Trump had $57 billion worth of Trump coin at that price. It's since...