Trump and Bitcoin: What's the Deal?

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nick_satoshiFull Member
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#1Dec 7, 2020, 05:40 AM
So apparently, Trump's family dropped $700k on ABTC.com. Honestly, not sure how he'll profit from that. Could be a win for Bitcoin or maybe he just wants to push his own stablecoins. What do you all think?
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#2Dec 7, 2020, 11:58 AM
Not from the US, but it looks like just another way to cash in where he can. If BTC had the same hype as ETH, he’d probably pick ETH. It's all about the money for him.
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MadNovaHero Member
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#3Dec 7, 2020, 04:58 PM
ABTC is actually a mining operation run by the Trump family, mainly Eric and Don Jr. Didn't hear anything about that domain purchase, though. They might use their influence to boost the price, but is it really worth it?
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greg365Member
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#4Dec 7, 2020, 08:57 PM
We can’t predict Trump, but knowing his history helps. He’s always gonna do what's best for him. The government is just a tool for his profit, and his supporters will back him no matter what.
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nick.orbitFull Member
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#5Dec 7, 2020, 10:21 PM
ABTC definitely has more Trump family involvement than most crypto projects. He’s not trying to replace Bitcoin, though, just wants a piece of the financial pie by being a major player.
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WildWolfMember
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#6Dec 8, 2020, 02:26 AM
If he focused on making Bitcoin better with real regulations, that would be awesome. But honestly, it feels like he’s just using it to manipulate voters into thinking they’ll get rich if they support him.
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WildNovaSenior Member
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#7Dec 8, 2020, 06:56 AM
I doubt US folks will be shocked by Trump and Bitcoin. Everyone knows he’s a business guy. Buying ABTC.com makes sense in the long run, even if we can’t see the reasons right now.
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#8Dec 9, 2020, 09:25 PM
Some Republicans don’t agree with him, but they’re not loud. Trump might not directly handle this investment, but he’ll push for more crypto adoption.
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0xDegenHero Member
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#9Dec 11, 2020, 01:03 PM
I heard this company went public and made a ton of money. Seems like they’re doing well, but not sure how it relates to Trump.
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0xOracleFull Member
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#10Dec 11, 2020, 05:38 PM
Trump treats Bitcoin mainly as a political tool. He uses it for his image, but it’s more about making profits for him and his family in the crypto scene.
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alpha365Member
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#11Dec 11, 2020, 10:07 PM
As a businessman, it’s clear he’s looking out for his own interests. I’m not surprised by these moves; he’s always trying to protect his investments.
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#12Dec 12, 2020, 02:23 AM
I think he’s just chasing publicity. He wants to rally voters, but I wouldn’t be surprised if he drops the crypto community soon after.
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chain2011Senior Member
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#13Dec 12, 2020, 05:59 AM
You really think he can reduce Bitcoin’s usage? I mean, Bitcoin is decentralized, he doesn’t have that kind of power. His stablecoin attempts flopped, too.
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#14Dec 12, 2020, 09:03 AM
Can we take anything Trump says seriously anymore? He’s like a clown at this point, not to mention he’s been linked to scams before.
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greg365Member
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#15Dec 12, 2020, 01:09 PM
If elections happened today, he'd still have a solid chance at winning. His party is 100% behind him, even with all the contradictions.
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diamond_minerFull Member
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#16Dec 13, 2020, 02:09 PM
Politics is full of liars. Trusting politicians is like asking for trouble. People forget promises real quick.
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WildWolfMember
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#17Dec 14, 2020, 07:17 AM
Main goal? Maximize profit for himself and his circle while the rest of us deal with losses. His influence is fading, though.
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nick_hawkMember
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#18Dec 14, 2020, 01:06 PM
But you know, once Trump’s out of the picture, Bitcoin might dip. So much of its value is tied to his name right now.
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greg365Member
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#19Dec 16, 2020, 07:23 AM
It’s pretty clear his team knows his name sells in crypto. He’s tried all sorts of products before, and not all of them worked out.
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l0rd2014Member
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#20Dec 16, 2020, 08:49 AM
He’s made money from NFTs now, but let's not forget his history of bankruptcies, too. It’s wild how he flips the narrative.
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