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crypto investorsVerge
•Business
Business & Economics
65% Informative
President Donald Trump announced a “strategic national bitcoin stockpile” on the campaign trail.
The only thing a crypto stockpile accomplishes is enriching Trump ’s crypto donors.
The US dollar is a source of American soft power and a tool for setting fiscal policy.
It amounts to an endorsement of tokens that the US has no control over, which are widely used for crime.
A Bitcoin reserve is a terrible idea in its own right, but the addition of extra currencies really gives away what’s happening.
Bitcoin is open source, and its creator (or creators), the Satoshi Nakamoto entity, has disappeared.
The only surprise is that Trump didn’t stick his own shitcoins in the reserve.
Fortunately, the crypto reserve stands a good chance of never happening. After all, the executive order Trump made in January says only that the US will evaluate creating a digital asset stockpile. The funniest possible outcome is also the most crypto possible outcome: the president manipulated the market for political ends, and the crypto stockpile never gets off the ground..
VR Score
59
Informative language
52
Neutral language
27
Article tone
semi-formal
Language
English
Language complexity
44
Offensive language
likely offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
detected
Time-value
short-lived
External references
27
Source diversity
23
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no affiliate links
