Economy

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Bitcoin falls over 5% as volatility continues after Trump's bitcoin reserve plan (www.cnbc.com)

submitted 5 hours ago by lemmy_news@lemmy.wtf to c/economy@lemmy.world

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[–] Raiderkev@lemmy.world 2 points 2 hours ago

Russia has a lot of BTC to get around sanctions. This "strategic reserve" was clearly a payoff to Putin imo.

[–] wwb4itcgas@lemm.ee 15 points 5 hours ago

While we may joke that Trump can turn everything he touches to shit by mere proximity, making a currency drop in value by announcing the US is going to be invested in propping it up is legitimately impressive in the "literally nobody else could (or would) have pulled that off" sense.

It's damn near miraculous in a wine-to-water kind of way.