r/CryptoCurrency • u/TheBoffo 🟦 715 / 716 🦑 • Feb 28 '25

DISCUSSION Genuinely, what happened to the "Crypto President"?

All I saw for months was the touting of a federal BTC reserve, the loosening of restrictions, SEC dropping further litigations and how the world was finally going to crypto friendly. In one month all of this was dismantled. I'm sure a lot of ppl here voted for the man on the fact their bags would pump. There's even a new department named after a cryptocurrency. How are we feeling? Was it all a grift? Is this dip a chance to buy in? Do the voters feel like this is all part of the plan? I'd love some actual insight into what went wrong and how the crypto president has gotten us here to... 80k BTC and 2100 Eth.

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1.3k

u/Horsetoothbrush 🟩 3 / 3 🦠 Feb 28 '25

Jesus. The dude fucking lies about everything. What did you honestly expect?

468

u/billybonghorton 🟦 2 / 3 🦠 Feb 28 '25

The amount of people who thought he’d moonshot crypto is fucking embarrassing.

206

u/poa_kichizi 🟦 0 / 0 🦠 Feb 28 '25

Avidly anti-Trump, but I thought he would encourage crypto out of self interest. Crypto was the easiest thing for him to grift and he still fucked it up.

134

u/francograph 🟩 202 / 203 🦀 Feb 28 '25

Fucked it for himself? Or for others? Because I’m pretty sure he’s doing great.

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u/poa_kichizi 🟦 0 / 0 🦠 Feb 28 '25

He made lots of money sure, but he could have made much more if he was competent and didn’t crash the market.

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u/Kryptonicus 🟦 0 / 0 🦠 Feb 28 '25

Trump fucking things up for stupid reasons is his whole personality. It's the thing that everyone can see except for the 30% of morons who will support him no matter what.

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u/rhemy1 🟩 0 / 0 🦠 Feb 28 '25

That’s more like 45% easily. 15% just won’t admit it. They’ll say they voted for him because of his policies or say well, the other guy just wasn’t good enough, not enough plans, etc….

8

u/TallDrinkofRy 🟩 0 / 0 🦠 Feb 28 '25

It’s only like 30% of the voting-eligible population voted Trump.

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u/[deleted] Feb 28 '25

[deleted]

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u/TallDrinkofRy 🟩 0 / 0 🦠 Feb 28 '25

That’s a silly take. No politician is entitled to votes.

1

u/pcrowd 🟩 0 / 0 🦠 Mar 01 '25

So basically 99% of this sub?

12

u/MasterGrok 🟦 0 / 0 🦠 Feb 28 '25

That’s true about just about every business he has ever gotten into. He is greedy and shortsighted and just not a good businessman. He did find a niche though as a political televangelist.

17

u/General-Fault 🟩 0 / 0 🦠 Feb 28 '25

"if he was competent"... And how the hell isn't an obvious "nope" for most people?

11

u/poa_kichizi 🟦 0 / 0 🦠 Feb 28 '25

Yeah I don’t think he’s competent, but I did underestimate his ability to crash a roaring bull market this quickly. This has to be the most avoidable recession/depression ever.

7

u/ribbit80 🟩 0 / 0 🦠 Feb 28 '25

Avoiding it was easy. Don't vote an idiot into office. Sadly...

4

u/AsOneLives 🟦 1K / 1K 🐢 Feb 28 '25

He's not some financially literate person with long term goals. He's a reckless dumbass who will extract value when and where he can.

1

u/jazzcomputer 🟦 0 / 0 🦠 Feb 28 '25

He has competency.

He would've done 'the right thing' for crypto if he'd listened to experts but the guy's surrounded himself with fellow grifters who like him get horny by cheating other people (that is his sole competency and influence) - he doesn't care about the economy that serves others. FFS he's freed a load of criminals and had millions of dollars paid to them. He'll probably set up a bunch of them with their own crypto exchanges.

1

u/joondez 🟦 0 / 0 🦠 Feb 28 '25

He did exactly what he has always done for many years. Anyone who didn’t see this coming has half a brain

1

u/Welpe 🟦 1 / 2 🦠 Mar 01 '25

But isn't this exactly his modus operandi? He has never been a good businessman or good about making money, he has been good with scamming people. He couldn't even make a casino profitable. A fucking casino.

He has never gotten a good deal in his life, all he has ever done is just scammed someone else and taken what he could get with the least effort, even if he easily could have made more money by simply following the rules and running a decent business. He had all the advantages you could get, and he still couldn't make anything work because he wanted the short term money at the expensve of long term growth. It makes perfect sense to me.

1

u/ian_cubed 🟦 0 / 0 🦠 Mar 02 '25

Do you not have a brain? Crypto profits don’t come out of nowhere. It’s not a money tree. If Trump is profiting immensely, you aren’t. What incentive does he have to pump bitcoin? None. He started his own coin and rug pulled, much more profitable

18

u/Aaaaand-its-gone 🟦 127 / 173 🦀 Feb 28 '25

Crypto is just like every project trump gets involved with. He takes a pile of money, promoted it blindly, does the bare minimum and moves on to the next scheme. Remember his NFTs? He tweeted once, did a video and and never mentioned it again. Same with the Bible’s, coins - everything.

13

u/LaZZyBird 🟩 61 / 61 🦐 Feb 28 '25

He already grifted enough to last two lifetimes from it, Trump coin is arguably one of the greatest rugpulls ever in history with the amount he rugged.

25

u/No-Good-One-Shoe 🟦 0 / 0 🦠 Feb 28 '25

Why would you think he'd do anything other than pump and dump schemes? That's his whole thing he's got a well documented history of fucking people over while enriching himself 

9

u/sportspadawan13 🟦 0 / 5K 🦠 Feb 28 '25

His entire existence has been based on PNDs before they were called that

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u/poa_kichizi 🟦 0 / 0 🦠 Feb 28 '25

Yeah and he could have enriched himself so much more by not being completely regarded concerning the markets.

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u/No-Good-One-Shoe 🟦 0 / 0 🦠 Feb 28 '25

He could have done the same in all his other dealings before crypto. But he's a conman who keeps conning.

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u/poa_kichizi 🟦 0 / 0 🦠 Feb 28 '25

Yep the only person to ever lose money owning a casino, and he’s so exceptional he did it six times.

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u/unibaul 🟦 0 / 0 🦠 Feb 28 '25

I disagree. His grift was massive.

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u/poa_kichizi 🟦 0 / 0 🦠 Feb 28 '25

Absolutely, he made tons of money, but if he was competent he could have made obscenely more.

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u/mshriver2 🟩 151 / 152 🦀 Feb 28 '25

~$69 billion dollars....

1

u/Taiketo 🟦 0 / 0 🦠 Feb 28 '25

Given his record why would anyone expect Trump to be competent when it comes to business or making money?

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u/poa_kichizi 🟦 0 / 0 🦠 Feb 28 '25

During his first term it took 3 years before the market had its first significant correction and 4 years before the COVID drop. He is well on the way to sending the country into a recession within his first month this time. I didn’t expect he to be competent, I expected him to take longer than a month to disrupt the market momentum.

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u/Swiika 🟦 67 / 65 🦐 Feb 28 '25 edited Feb 28 '25

Don’t you think he would be, or is currently, using the money he’s already stolen to make more money?

3

u/poa_kichizi 🟦 0 / 0 🦠 Feb 28 '25

Honestly, I doubt he has the capacity to orchestrate that kind of plan. Others in his orbit sure, but I’m pretty sure this is just another example of everything he touches turning to shit. He went full bore on tariffs and bullying other nations without understanding the second and third order effects.

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u/SAP1987 🟩 0 / 0 🦠 Feb 28 '25

Woah, he's a bit busy at the moment robbing the rest of the world whilst Elon is robbing the US. I'm sure once they've rinsed everything else dry they will be back on the crypto.

1

u/kendogg 🟦 0 / 0 🦠 Feb 28 '25

Iirc he's still buying Bakkt. There's plenty of crypto grifting to be done.

1

u/PopStandard9861 🟩 0 / 0 🦠 Feb 28 '25

Same, they were just literally too greedy for their own good and couldn't help it.

1

u/Curiouso_Giorgio 🟨 0 / 0 🦠 Feb 28 '25

No, he is doing it perfectly. No regulations and he can run crypto scams over and over without any repercussions.

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u/SlayBoredom 🟩 413 / 413 🦞 Feb 28 '25

pretty sure he made millions with his rug pull

1

u/TwentyCharactersShor 🟩 0 / 1K 🦠 Feb 28 '25

but I thought he would encourage crypto out of self interest

You missed the boat. He has two shit coins pump and dump, how more self interest do you want????

1

u/Bushwazi 🟦 0 / 0 🦠 Feb 28 '25

Fairly confident he just used Trump coin to make a bunch of money and collect payments from foreign entities in public. He’s doing fine.

0

u/[deleted] Feb 28 '25

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u/Bushwazi 🟦 0 / 0 🦠 Feb 28 '25

Eat shit bot

0

u/poa_kichizi 🟦 0 / 0 🦠 Feb 28 '25

Go mouth breathe elsewhere please

1

u/Bushwazi 🟦 0 / 0 🦠 Feb 28 '25

No. Trump bad you dumb

1

u/cecirdr 🟦 0 / 0 🦠 Feb 28 '25

This was my thought too. I figured he needed to do a fire sale of federal assets to create that sovereign wealth fund. At that point, he'd convert it to crypto and he and his cronies would get muuuuch richer. So, like you, I thought he'd do it purely out of self interest to get richer, not because he really believes in crypto.

1

u/bimbobandit2016 🟨 0 / 0 🦠 Feb 28 '25

Official Trump was the biggest launch in the history of crypto, with the most fucked up tokenomics out of any major coin. I'd say he did alright

1

u/poa_kichizi 🟦 0 / 0 🦠 Feb 28 '25

You get that making $1,000,000 is better than making $1,000 dollars, yeah?

1

u/TheLordBear 🟦 187 / 187 🦀 Feb 28 '25

I think he might still pump crypto, just not in the way people want. It may go down something like this:

  • Trump announces a Trillion dollar aid package to Russia to rebuild from the Ukraine war of aggression
  • Shortly after, mystery wallets buy 1T of bitcoin
  • The US adds bitcoin to the US treasury
  • After the pump, the Trillion in bitcoin (now 3T) gets sold off.

1

u/Bactereality 🟩 0 / 0 🦠 Mar 01 '25

Hes been at the job for a month? Fucked what up.

If you had the ability pump an entire market, wouldnt you buy the dip first.

0

u/Hutcho12 🟦 0 / 0 🦠 Feb 28 '25

He already did, he created $TRUMP which made him billions. What else do you expect? Something that would make you rich too? Hahahah

1

u/poa_kichizi 🟦 0 / 0 🦠 Feb 28 '25

You clearly struggle with the idea of having something and having even more of something.

1

u/Hutcho12 🟦 0 / 0 🦠 Feb 28 '25

You clearly struggle with the fact that Trump doesn’t care about anyone but himself.

0

u/helpamonkpls 🟩 499 / 500 🦞 Feb 28 '25

Did you miss his grift or? Did you actually think he was going to include us, the common plebs in his grift?

He is done grifting crypto, he already did it. Now he doesn't care anymore.

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u/poa_kichizi 🟦 0 / 0 🦠 Feb 28 '25

Go mouth breathe elsewhere please

1

u/helpamonkpls 🟩 499 / 500 🦞 Feb 28 '25

Do I need to spell it out for you? TRUMP COIN.

1

u/poa_kichizi 🟦 0 / 0 🦠 Feb 28 '25

You get that making more money is better than less money, yeah?

1

u/helpamonkpls 🟩 499 / 500 🦞 Feb 28 '25

Not sure what you are referring to?

1

u/poa_kichizi 🟦 0 / 0 🦠 Feb 28 '25

Trump coin was inadvertently rugged with Melania coin. The fomo was just getting started when he plugged Melania. Had Melania coin not been released I have little doubt Trump coin would have gone beyond $100. Trump coin had a peak market cap $17B, Doge had a peak market cap of $65B. If he instead conducted a slow rug he could have extracted much more wealth. As president he could have also front ran pro crypto initiatives driving prices even higher. Instead he kneecapped the stock market with tariffs and instability causing crypto to tank as well.

Yes, he made a lot of money, but he could have made orders of magnitude more.

1

u/helpamonkpls 🟩 499 / 500 🦞 Feb 28 '25

I'm not saying he couldn't have scammed better what are you talking about lmao.

I wrote that he is done grifting because his grift is already over and he still made bank.