Kite Stacker on Nostr: My take on the shit coin reserve given in the most favorable light possible: It is ...
My take on the shit coin reserve given in the most favorable light possible:
It is obviously payback to his donors and cronies by providing them exit liquidity. Total grift. However there’s a little thought and utility behind it. By not mooning the BTC price if he would’ve announced BTC only, they can keep the price action reasonable longer and stack more BTC. They also need to pump the Trump and Melania coins needed to get the whole cRyptO market moving.
You’ve really got to think guys like Bessent, RFK, Lutnik, maybe his son Eric, know that this is a terrible idea. This is obviously grift and corruption, and we shouldn’t be surprised, but it would be pretty smart.
It is obviously payback to his donors and cronies by providing them exit liquidity. Total grift. However there’s a little thought and utility behind it. By not mooning the BTC price if he would’ve announced BTC only, they can keep the price action reasonable longer and stack more BTC. They also need to pump the Trump and Melania coins needed to get the whole cRyptO market moving.
You’ve really got to think guys like Bessent, RFK, Lutnik, maybe his son Eric, know that this is a terrible idea. This is obviously grift and corruption, and we shouldn’t be surprised, but it would be pretty smart.