But they’re not investing in Trump crypto… This is literally a way to pay Trump. It’s foreign governments and influential families that need favors from him. It’s not poor investors losing their savings, it’s rich assholes and governments giving trump money out in the open.
It’s both. Trump has actively encouraged buy-in and credibly been accused of having first let key investors in on the ground floor, so the value skyrockets when it’s announced, the insiders sell at substantial profit, and the MAGA marks see the bottom fall out of their “investment” shortly afterwards.
I’m not sympathetic with the victims, but it’s still predatory.
But they’re not investing in Trump crypto… This is literally a way to pay Trump. It’s foreign governments and influential families that need favors from him. It’s not poor investors losing their savings, it’s rich assholes and governments giving trump money out in the open.
It’s both. Trump has actively encouraged buy-in and credibly been accused of having first let key investors in on the ground floor, so the value skyrockets when it’s announced, the insiders sell at substantial profit, and the MAGA marks see the bottom fall out of their “investment” shortly afterwards.
I’m not sympathetic with the victims, but it’s still predatory.
I was going to make a joke about misspelling “patsy” as investor, but damn you’re right.