Bitcoin Explodes Due to Trump - Joe Blogs

[TexasTowelie]

In this video I talk about why Bitcoin has surged to a record high following Donald Trump winning the USA Presidential Election and why this is having such a positive impact on Crypto Prices.

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There will be some winners with this gamble, but there will be even more losers. However, with the threat of Trump ruining the economy I can understand why some people may want to get out of the dollar and into another asset class.

[kirby]

1. Wait till it crashes and...

All the speculators want a govt bailout.

[TwilightZone]

3. It's not government backed or guaranteed.

And speculators already know that.

[Lovie777]

2. Bad move..

[RainCaster]

4. The market is going crazy on worthless stuff

Between Bitcoin and Truth Social stock going up like crazy, I shake my head. There is no value in those. What happens when they crash? Bubba will want a bailout, but there will be no money in the coffers to pay for it. So debt goes up like it always does under Republican rule.

[TwilightZone]

5. "There is no value in those."

The value is whatever someone will pay for them. Overvalued stocks and other investments that aren't supported by commensurate assets are nothing new, particularly in the past 30 years or so. We had an entire tech boom and crash that was because of almost nothing but overvalued stocks.

Is nvidia Corp currently worth $3.5 trillion? Do they have assets to support that value? Nope.

[RainCaster]

6. Invidia has more orders recorded than AMD & Intel combined

Yeah, I know it's not hard assets, but much of the hard assets Intel reports are actually liabilities. They are touting some very old manufacturing plants that are environmental disasters IMO.

[BradBo]

7. Wait till Trump starts issuing his threats,it will crash.

[louis-t]

8. During the dotcom era, my brother would say

"they're selling air". Investors are still buying into djt, which has never shown a profit and lost over $60 million in 2 years.

[PortTack]

9. I guess 6 bankruptcies doesn't mean anything ....everything he touches dies

[louis-t]

10. And he WILL screw this up.

Bigly.

[Justice matters.]

11. Not one word about it being a dirty money-laundering paradise...

Welcome to a world without morals and true justice.

With climate change coming up big, it won't last long.