Economy
Related: About this forumBitcoin Explodes Due to Trump - Joe Blogs
In this video I talk about why Bitcoin has surged to a record high following Donald Trump winning the USA Presidential Election and why this is having such a positive impact on Crypto Prices.
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There will be some winners with this gamble, but there will be even more losers. However, with the threat of Trump ruining the economy I can understand why some people may want to get out of the dollar and into another asset class.
kirby
(4,491 posts)All the speculators want a govt bailout.
TwilightZone
(28,834 posts)And speculators already know that.
Lovie777
(15,211 posts)RainCaster
(11,648 posts)Between Bitcoin and Truth Social stock going up like crazy, I shake my head. There is no value in those. What happens when they crash? Bubba will want a bailout, but there will be no money in the coffers to pay for it. So debt goes up like it always does under Republican rule.
TwilightZone
(28,834 posts)The value is whatever someone will pay for them. Overvalued stocks and other investments that aren't supported by commensurate assets are nothing new, particularly in the past 30 years or so. We had an entire tech boom and crash that was because of almost nothing but overvalued stocks.
Is nvidia Corp currently worth $3.5 trillion? Do they have assets to support that value? Nope.
RainCaster
(11,648 posts)Yeah, I know it's not hard assets, but much of the hard assets Intel reports are actually liabilities. They are touting some very old manufacturing plants that are environmental disasters IMO.
BradBo
(668 posts)louis-t
(23,777 posts)"they're selling air". Investors are still buying into djt, which has never shown a profit and lost over $60 million in 2 years.
PortTack
(34,830 posts)louis-t
(23,777 posts)Bigly.
Justice matters.
(7,585 posts)Welcome to a world without morals and true justice.
With climate change coming up big, it won't last long.