Trump’s Dangerous Game in the Cryptocurrency Arena

Alireza Sarfarazi
2 Min Read
Trump's Dangerous Game in the Cryptocurrency Arena

Trump’s Dangerous Game in the Cryptocurrency Arena

Donald Trump has unveiled his new crypto platform

He has promised to turn America into the cryptocurrency capital of the world, continuing his activities in this field, which have recently peaked.

He recently spoke at a major Bitcoin conference, and a group of not-so-reputable activists in this area have promised him financial support of up to a hundred million dollars, which naturally must be received in crypto. It was not long ago that the story of Trump’s attraction to the crypto world became public.

Journalists revealed the identities of three Bitcoin and crypto enthusiasts who, by entering Trump’s circle and gaining the opportunity to speak with him, tempted him with promises of endless profit and income, ultimately attracting him, despite his longstanding disdain for this world, which he saw as a major threat to the economy and business.

In fact, more than those three, it was Donald Trump’s two sons who played the most significant role in this matter, and J.D. Vance, with his businesses that are active in the cryptocurrency field, won over Trump’s sons and encouraged them with substantial payments.

In the end, they convinced their father to choose Vance as his deputy. We haven’t heard from Trump himself about the true nature of this new platform’s operations; however, it has been his two sons who have talked about their dangerous plans and strange schemes for the future.

They have proposed the idea of starting extensive digital trading and turning this platform into a competitor of the banking system, and Eric Trump has spoken about the dangerous plan to start digital trading of tangible real estate assets on this platform, which is a scheme of trading worthless scraps of paper and undermining its value.

This trend will pave the way for limitless profiteering, and any kind of fraud and the loss of the deceived investors’ capital may occur.

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Master's in Western Philosophy from Iran Master's in International Political Economy with a specialization in Sanction Design from the UK PhD candidate in Political Management and Elections