I find the timing of this statement interesting considering how speculative everything is right now. He could have denounced Bitcoin at any point but chose to now during the revival of GME/AMC. Does Trump expect us to be making a lot of money in the near future and need some guidance on what to do with it? Some will heed Trump's advice and others will not, but personally I will now be putting more of my money into precious metals instead of crypto once I take it out of GME.
Also consider how Trump chose to make this statement now when Bitcoin has been trading sideways and less spotlight is on it. If he had said this when it was at 60k and it suddenly tanked, the media would plaster his face everywhere. Really smart timing by Trump unless I'm just reaching here
I find the timing of this statement interesting considering how speculative everything is right now. He could have denounced Bitcoin at any point but chose to now during the revival of GME/AMC. Does Trump expect us to be making a lot of money in the near future and need some guidance on what to do with it? Some will heed Trump's advice and others will not, but personally I will now be putting more of my money into precious metals instead of crypto once I take it out of GME.
Also consider how Trump chose to make this statement now when Bitcoin has been trading sideways and less spotlight is on it. If he had said this when it was at 60k and it suddenly tanked, the media would plaster his face everywhere. Really smart timing by Trump unless I'm just reaching here
Make sure you buy physical metal and not stocks for metal.