IF DONALD TRUMP’S sweeping global tariffs send household good prices soaring and drive the economy into recession, at least one industry could profit.
The Trump administration is considering using tariff revenues to buy Bitcoin for a “Strategic Bitcoin Reserve,” a top administration crypto official said in an interview last week.
The White House’s proposal is driving interest from crypto industry figures who have made building the reserve one of their top priorities.
It is uniting critics on the right and left, however, who have cast the reserve as a pointless industry giveaway that will come at the expense of ordinary taxpayers. Using tariff money would add insult to injury, they say.
Right… So what happens is you dump money into it, the government then dumps money into it, you cash out, then the government is out money and you grain money… Assuming you have capital to fuck around with prior.
Not quite. They’ll pull the rug before you get to cash out.
Is that why the kids have been calling money “bread”?
Dough
…except the thing you cashed out into is undergoing rampant inflation.
All the people panic-selling their investments are just reinvesting in USD
Oh look, another buy-the-dipshit
I’m not sure that’s sound investing advice…
GME ahead of the game somehow. Would be nice if we could benefit from the pump/dump.