Discussion

• @karlbode.com Karl Bode on bluesky

  hey what if we turned the government into a pump and dump scheme run by dodgy money-laundering oligarchs

• @michellekinney.com Michelle Kinney on bluesky

  In the same week that Hegseth secretly ordered that we stop offensive cyber operations against Russia.  —  I *know* that I am not the only one thinking that this is part of a larger plan to collapse the dollar and replace it with crypto.  —  It is all happening fast by design.  —…

• @lorak Lora Kolodny on bluesky

  yes & again foreign adversaries - especially Putin - will love this for making corruption (bribes, etc.) easier, hurting US markets & eroding dollar dominance [embedded post]

• @gottobeaspiriy James Meguerian on bluesky

  Under normal circumstances this would be criminal market manipulation

• @karaswisher Kara Swisher on bluesky

  Gimme to his rich friends www.wsj.com/finance/curr...

• @nickcosmo Nick Cosmo on bluesky

  Trump's family and several cabinet members have significant holdings in nearly all of these cryptos.  —  They fired federal employees providing key services to Americans and used our $ to enrich themselves.  —  www.reuters.com/world/us/tru...

• @deanobeidallah Dean Obeidallah on bluesky

  “Trump announces strategic crypto reserve including bitcoin, Solana, XRP and more” We now live in a broligarchy where crypto barons will be funding/controlling all campaigns-that is until crypto collapses and causes a massive recession.  (and it will)  —  www.cnbc.com/2025/03/02/…

• @kelseyhightower.com Kelsey Hightower on bluesky

  What a shame.  Now we have US tax payers propping up cryptocurrencies.  This is one of the biggest grifts of all time.  —  www.reuters.com/world/us/tru....

• @sanpages Santiago Sanchez-Pages on bluesky

  As if in 1634, Prince William II of Orange announced the creation of a “strategic tulip bulb reserve”.  —  www.reuters.com/world/us/tru...

• @jonathancohn Jonathan Cohn on bluesky

  Sorry, we have no more money for cancer research because we have to spend it all on crypto for Trump's scam artist friends or new overpricedcontracts for Elon Musk. www.reuters.com/world/us/tru...

• @maximillianquinn Max Quinn on bluesky

  Shocking....  www.reuters.com/world/us/tru...  “Trump on social media announced the names of five digital assets... spiking the market value of each.”  —  If the US had an actual Justice Department these days, they'd start looking into who stocked up on what before Trump posted t…

• @kwerb.com Kevin Werbach on bluesky

  Blockchain and digital assets are incredible technologies with huge potential value.  I've been studying and teaching about them for over a decade, published a book in 2018, and run global crypto regulatory roundtables.  —  This is disgusting.  And it will end VERY badly.  —  www…

• @gilduran.com Gil Durán on bluesky

  The Crypto Strategic Reserve is more than a money scam.  —  It's a plot to dismantle democracy and replace nation-states with “network states.”  —  Tech bros have openly discussed it for years.  —  For the @newrepublic.com, I wrote about their scary and dystopian vision. newrepub…

• @davidfrum David Frum on bluesky

  No taxpayer bailout for crypto scam artists

• @brijsingh Brij Singh on bluesky

  Looking at the choice of currencies and the careful manner in which the announcement was posted on Truth Social, it is clear how the grift is tied to “and other top cryptocurrencies” [embedded post]

• @electproject Michael McDonald on bluesky

  Going further into debt to buy crypto is basically every crypto bro's investment strategy [image]

• @goofrider @goofrider on bluesky

  US doesn't have a significant currency reserve.  And it's held by the Federal Reserve, which the WH can't direct its policy.  —  This is just pure theater, possibly to pump crypto prices.  Unless he plans on having it executed by a Trump stooge as fed chairman when Powell's term …

• @adamparkhomenko Adam Parkhomenko on bluesky

  Sorry you couldn't have eggs this morning here's your crypto reserve

• @danhon.com Dan Hon on bluesky

  Not only grift and corruption but also outright state-sponsored money laundering? [embedded post]

• @kolchak @kolchak on bluesky

  The United States has oil reserves because they have actual utility.  It's crucial to running the economy.  —  Crypto is not crucial to running the economy.  You can't fuel tanks or jets with it.  —  A crypto reserve would absolutely tank confidence in the dollar.

• @timmarchman Tim Marchman on bluesky

  If the US does not act now, critical stockpiles of copies of X-Men #1, Ken Griffey Jr. Upper Deck rookie cards, Pogs, and Beanie Babies could be amassed by adversary nations, undermining US dominance in strategic industries.

• @tyleraking.com Tyler King on bluesky

  A crypto national reserve is like a national reserve of Beanie Babies.  It serves no function.  There is no situation where it would be necessary.  Except to move massive sums of taxpayer dollars to private interests in exchange for worthless garbage.

• @cooperlund.online Cooper Lund on bluesky

  This was the end goal of crypto aligning behind Trump - the crypto economy has very few actual dollars in it and relies on finding new people to hold the bag to get their dollars.  The US government is the ultimate bag holder and they're going to use your tax dollars to bail out …

• @paleofuture Matt Novak on bluesky

  No matter which coins they choose, a “crypto reserve” is literally just handing government money to crypto bros.

• @vocino Travis Vocino on threads

  Trump just picked the crypto winners.  More than I expected.  Probably because a lot of his biggest supporters are deep in these tokens.  Bitcoin, Ethereum, XRP, Solana, and Cardano are set to be part of this Crypto Strategic Reserve.

• @carnage4life Dare Obasanjo on threads

  Quite incredible for the SEC to announce crypto memecoins have no intrinsic value and are just collectibles (like Beanie Babies) then a few days later, plans for a strategic crypto reserve are drawn up.  Maybe the strategic tulip and Beanie Baby reserves are next?

• @carnage4life Dare Obasanjo on threads

  “A U.S. crypto reserve will elevate this critical industry after years of corrupt attacks by the Biden administration, which is why my executive order on digital assets directed the presidential working group to move forward on a crypto strategic reserve that includes XRP, SOL, a…

• @davidsacks David Sacks on x

  Correct. I sold all my cryptocurrency (including BTC, ETH, and SOL) prior to the start of the administration.

• @davidsacks47 David Sacks on x

  President Trump has announced a Crypto Strategic Reserve consisting of Bitcoin and other top cryptocurrencies. This is consistent with his week-one E.O. 14178. President Trump is keeping his promise to make the U.S. the “Crypto Capital of the World.” More to come at the Summit.

• @peterschiff Peter Schiff on x

  I get the rationale for a Bitcoin reserve. I don't agree with it, but I get it. We have a gold reserve. Bitcoin is digital gold, which is better than analog gold. So let's create a Bitcoin reserve too. But what's the rationale for an XRP reserve? Why the hell would we need that?

• @cryptohayes Arthur Hayes on x

  Nothing new here. Just words. Lmk when they get congressional approval to borrow money and or revalue the gold price higher. Without that they have no money to buy #bitcoin and #shitcoins.

• @brian_armstrong Brian Armstrong on x

  Excited to learn more.  Still forming an opinion on asset allocation, but my current thinking is: 1.  Just Bitcoin would probably be the best option - simplest, and clear story as successor to gold 2.  If folks wanted more variety, you could do a market cap weighted index of cryp…

• @hhorsley Hunter Horsley on x

  Saw the Trump statement today, same as everyone else — I imagined a Strategic Reserve would be just Bitcoin. That makes the most sense to me. Many crypto assets have merits, but what we're talking about here isn't a US investment portfolio — we're talking about a reserve, and

• @bgarlinghouse Brad Garlinghouse on x

  I've said this before - the crypto industry will achieve our goals (and beyond), IF WE WORK TOGETHER. Appreciate the crypto President @realDonaldTrump's vision of a govt digital asset reserve representative of the industry. Maximalism is the enemy of the industry's progress.

• @cz_binance @cz_binance on x

  Attention of all bag holders is on this one word now. 🤣 Chill guys. No need to overanalyze. More “valuable crypto” are likely to be added over time. More countries will follow. It's a fantastic start of something really good. Be happy. Keep building. [image]

• @naval @naval on x

  The US taxpayer should not be exit liquidity for cryptocurrencies that are decentralized in name only.

• @bitcoinnewscom @bitcoinnewscom on x

  🚨INSIDER TRADING ON TRUMP'S CRYPTO RESERVE ANNOUNCEMENT?! 🚨 Yesterday, a whale went 50x long on BTC and ETH, using just $4M to create a $200M position. He has now closed most of his trades, raking in over $6.8M in a day. His timing? Perfectly aligned with Trump's Truth [image]

• @stockviking @stockviking on x

  In twenty years of investing, this is the most corrupt thing I've ever seen in financial markets. $SOL $XRP $ADA $TRUMP [image]

• @saylor Michael Saylor on x

  Bitcoin is the foundation of the crypto economy. [image]

• @gaborgurbacs Gabor Gurbacs on x

  So the U.S. will use taxpayer money on XRP, SOL and ADA? Why would one build a strategic reserve of something you can just print? Bad look. Bitcoin and stablecoins are the only actual assets with strategic significance. [image]

• @apompliano Anthony Pompliano on x

  It is objectively hilarious that Trump announced a crypto strategic reserve, yet Wall Street can't participate because they have antiquated hour of operations at their exchange.

• @robert_e_kelly Robert E Kelly on x

  Please explain in layman's terms why we need a crypto-reserve? The US government, by definition, prints a fiat currency - one widely used around the world & quite reliable for a century now. That suggests a USG crypto hoard is not, in fact, strategic or necessary.Honest question

• @buccocapital @buccocapital on x

  Crypto grifters said it was “time to build” then plowed into every crypto grift they could find. It failed So they infiltrated the government, paid off regulators, and announced a strategic crypto reserve to buy their bags You're not angry enough

• @can @can on x

  Department of Conflict of Interest

• @krystalball Krystal Ball on x

  They are destroying social security while just committing outright theft to cash out their shitcoins.

• @thestalwart Joe Weisenthal on x

  Conceptually, it makes sense for the government to hold “strategic” stockpiles of any asset that: A) It could presumably have a liability in, at some point B) It can't instantly acquire with money So for example, oil (especially when we didn't produce much here) made sense.

• @a_stille Alexander Stille on x

  Pretty funny that #crypto which boasted of liberating us from govt has become the biggest GOP campaign donor and dependent on govt favor. It serves none of the purposes it claimed to serve.

• @1914ad Justin Bechler on x

  This you, bro? [video]

• @epsilontheory Ben Hunt on x

  @davidsacks47 It's 100 years from now, and your great-great grandchildren are guaranteed great wealth but your name lives on like Charles Ponzi, as a synonym for avarice and a betrayal of the public trust. In your own lifetime, even your ‘friends’ mock you behind your back. Jesus…

• @dmartkc Derek Martin on x

  Crypto Czar @davidsacks47 has a massive conflict-of-interest with this announcement that folks should be aware of.  A new level of corruption.🧵 [1.  First, Sacks' company @craft_ventures has been invested in a startup called @BitwiseInvest since at least 2017.  David Sacks is lis…

• @ryangrim Ryan Grim on x

  This is a direct transfer of wealth from the U.S. treasury to David Sacks and other crypto barons. The railroad and coal tycoons of the 19th century could never have dreamed of this level of heist

• @obrien Chris O'Brien on x

  I thought the point of cryptocurrency was to create a decentralized currency that was not sovereign. Wasn't this a movement against government control?

• @gilduran76 @gilduran76 on x

  The Crypto Strategic Reserve is more than a money scam. It's a plot to dismantle democracy and replace nation-states with “network states.” Tech bros have openly discussed it for years. For the @newrepublic I wrote about this scary dystopian vision: https://newrepublic.com/...

• @pitdesi Sheel Mohnot on x

  Really appreciate the intellectual honesty of the crypto folks calling out the “crypto strategic reserve” It's a big government idea that undermines the dollar, enriches the wealthy and has no real strategic purpose. fwiw my largest single position across assets is BTC

• @dmartkc Derek Martin on x

  Right now, @BitwiseInvest is celebrating because the main crypto coins going into the Crypto Strategic Reserve fund **just so happen to match Bitwise's top 5 crypto holdings.** https://x.com/...

• @jbsdc Justin Slaughter on x

  For people who aren't in crypto, a primer: - Pretty much everyone in crypto hated the Biden Admin, which refused to do regulations but expressed hostility - Most crypto owners backed Trump, but about 40% backed Harris - The new crypto reserve is controversial within crypto

• @thestalwart Joe Weisenthal on x

  All the big DeFi stuff is on SOL and ETH. Most of the NFTs you hear about are on SOL and ETH. You would, intuitively, think that SOL and ETH would have built up some gigantic market cap gap over others like ADA and XRP. And yet...

• @thestalwart Joe Weisenthal on x

  Even prior to today There are a lot of professional people in crypto who have been denigrating coins like XRP and ADA for a long time. And yet... they're still here, largely riding the same beta, and performing not much differently from SOL and ETH. Why is that?

• @svdate @svdate on x

  Biggest, most brazen theft of US taxpayer money is now underway.

• @armanddoma Armand Domalewski on x

  TRUMP: we simply cannot afford to pay park rangers and cancer researchers ALSO TRUMP: we must spend billions on shitcoins [image]

• @el33th4xor Emin Gün Sirer on x

  The announcement of a strategic crypto asset reserve by president Donald Trump marks a pivotal shift in how our industry is being viewed globally. This is a massive step forward for us all and Avalanche is primed to provide critical infrastructure during the oncoming

• @buccocapital @buccocapital on x

  We have an administration who thinks bailing out venture capitalists is a better use of my tax dollars than feeding starving children. It's the most ashamed I've felt of our government in a long time

• @parkerconrad Parker Conrad on x

  We're all going to pay more in taxes to fund Sack's exit from his crypto positions.

• @devahaz Deva Hazarika on x

  “Don't waste taxpayer money on national parks and weather research!” “Buy crypto with it instead.” [image]

• @jakluge Janis Kluge on x

  This “crypto reserve” makes zero sense, except if you or your family own these coins for some reason. All three coins mentioned by Trump are up 30% in the last hour. I guess nobody will check the trades of Trump's people before the announcement for suspicious activity. [image]

• @cyberspartanx @cyberspartanx on x

  Remember the guy that opened a 50x long on both ETH and BTC with a couple million $ earlier today? The guy increased his position a couple minutes later and then the trump news came about Strategic Crypto Reserves for the USA 💀 yeah, 100% insider stuff lmao [image]

• @martiniguyyt That Martini Guy on x

  🚨 TRUMP INSIDER TRADING OF STRATEGIC RESERVE ANNOUNCEMENT🚨 A whale went 50x long on BTC & ETH hours before Trump confirmed a U.S. Crypto Reserve on Truth Social. With just $4M, he built a $200M position so risky that even a small dip would have wiped him out: 🔹 ETH Long: [image]

• @nikitabier Nikita Bier on x

  @JTLonsdale This is getting egregious. Every 2 weeks there is a kickback to the family. Completely delegitimizes all the work DOGE is doing.

• @functi0nzer0 Laurence on x

  Genuinely hilarious stuff This is going to be one of the funniest days in a while [image]

• @bennpeifert @bennpeifert on x

  Daddy Trump is coming to bail out a16z's underwater crypto funds and borrow fiat currency to have the government prop up cyberpunk libertarian censorship-resistant currencies

• @luke_metro @luke_metro on x

  The Strategic Crypto Reserve is the first time that I've heard about Ripple in years. Greta work Brad Garlicbread

• @mimidancer @mimidancer on x

  It seems like the US is using the USD to rescue crypto investors. The Crypto Strategic Reserve is essentially the government putting real money into something that isn't even real. I call this BS. Just follow the money.

• @buccocapital @buccocapital on x

  Launching a Crypto Strategic Reserve is more disrespectful to the Oval Office than not wearing a suit [image]

• @modestproposal1 @modestproposal1 on x

  What did y'all think a crypto czar meant? Vibes? Essays? Papers?

• @francissuarez Mayor Francis Suarez on x

  I turned Miami into the crypto capital of Florida, now we're turning the U.S. into the crypto capital of the world! Thank you for your leadership @POTUS—this is the future! [image]

• @jtlonsdale Joe Lonsdale on x

  Taxation is theft. It should be kept to a minimum. It's wrong to steal my money for grift on the left; it's also wrong to tax me for crypto bro schemes. Efficient defense, courts, national parks (should fund themselves), prisons, etc - fine. Cut it out with these schemes guys.

• @profa06 @profa06 on x

  Events today just prove how rigged our space and whole world is. You can't tell me this guy who longed $123M ETH and $72M BTC (50x leverage) didn't have any inside info on today's Trump announcement. You may ask why didn't he long ADA, XRP or SOL? Because it would be too [image]

• @jason @jason on x

  Only one conservative Trump supporter has come out and said what an insane grift the Crypto Strategic Fund is as far as I can see But 99% of them are thinking it but are too scared to disagree with Trump Let's pause: If you're too scared to challenging the President when he

• @buccocapital @buccocapital on x

  They are talking about being good stewards of taxpayer money while simultaneously using your taxes to buy Cardano and Solana They don't respect you. They are not looking out for you. They are here to enrich themselves while people cheer

• @jason @jason on x

  If this tweet is true (yes, I am braking my Trump 72 hour rule for this one): 1. It's a terrible idea to spend tax payer money buying the crypto bags of the people who donated many millions to him 2. It's an even worse idea to pick winners like this Why not a USTech strategic [im…

• @yashar Yashar Ali on x

  President Trump's post about a crypto strategic reserve, in which he mentions specific cryptocurrencies, led to a significant surge in the prices of these digital assets. [image]

• @geiger_capital @geiger_capital on x

  Bitcoin should be the only crypto in the Strategic Reserve, or at worst ~90% of it. Will need some transparency into how XRP, SOL and ADA were chosen, and who will directly benefit from those being purchased with taxpayer dollars.

• @cburniske Chris Burniske on x

  $SOL up 20% the day after it was supposed to go to zero. Unlocks are important, but in *bull markets* they tend to get priced in more before the unlock, rather than after - many need to learn this lesson. Bear market different story, as there's not as much buying interest.

• @jtlonsdale Joe Lonsdale on x

  To be clear I am PRO CRYPTO. I own BTC and some of these. And I agree the SEC has been terrible, and that we should support the sector with clear laws and precedent. But to me, that doesn't include government money buying in! Not the proper, principled role of government.

• @plantmath1 @plantmath1 on x

  The US President is spending his Sunday pumping shitcoins, while “someone” last night went 50x leverage on said shitcoins. Eventually people will realize that MAGA isn't a political philosophy, it's a wealth extraction machine. But by then it will probably be too late.

• @fed_speak @fed_speak on x

  Two of these the three are literal scams and the other is simply providing exit liquidity for Sacks and his friends. Congrats on your crypto president, you guys. Great work all around. [image]

• @unfilteredboss1 @unfilteredboss1 on x

  President Trump just pumped these 3 crypto currencies with one post. It would be good to know if he, his sons, or anyone in the administration owns any of these tokens. Lastly the government shouldn't be owning any assets that can lose 75-90% of their value at any moment. [image]

• @patdennis Pat Dennis on x

  The president should not be spending our tax money to buy cryptocurrency from his campaign donors https://www.coindesk.com/...

• @0xgaut Gaut on x

  lmaoooo some people thought Trump would let shitcoins die under his presidency????

• @jconorgrogan Conor on x

  ADA, XRP, and SOL are each traded on American exchanges at a higher % of volume compared to offshore exchanges, and American firms custody a higher % of these assets than any other of the top 20 (outside of DOGE) Trump's move disproportionally benefits the USA, like it or not [im…

• @0xgaut Gaut on x

  Eric definitely called Trump like “hey I hold mostly ETH can you specify”

• @0xgaut Gaut on x

  lmffaoooooo [image]

• @silvermanjacob Jacob Silverman on x

  A direct wealth transfer from taxpayers to crypto industry donors, VCs, and shitcoiners like the president. It's not a “critical industry” — it's remarkably economically unproductive.

• @austinreid21 Austin Reid on x

  US is driving crypto markets and now the most friendly regime in the world. Markets and companies operating in the space haven't priced in how profound of a shift we're seeing. Giddy up

• @2ragu Raghu Yarlagadda on x

  Crypto crossed the inflection point, entering a new chapter of growth led by the US. Exciting times ahead. 🚀 [image]

• @cz_binance @cz_binance on x

  People often ask me what the next driver/pump for crypto will be. I usually say I dunno, but adoption often happens in the most unexpected ways. No boring days in crypto. Hope you held. 🙏

• r/thebulwark r on reddit

  President on brink of bailout for bitcoin

• r/btc r on reddit

  How much do you think Trump charged the random crypto projects he has no clue about to tweet about them by name?  What do you think is his paid influencer pricing?

• r/allinpodofficial r on reddit

  The real reason crypto dipped

• r/economicCollapse r on reddit

  Trump names cryptocurrencies in strategic reserve; prices spike

• r/QuiverQuantitative r on reddit

  Looks like Trump is preparing the final exit strategy for Techbro crypto holders/

• r/politics r on reddit

  Trump announces strategic crypto reserve including bitcoin, Solana, XRP and more

• r/moderatepolitics r on reddit

  Trump announces strategic crypto reserve including bitcoin, Solana, XRP and more

• r/ethtrader r on reddit

  Stategic crypto reserve announced: ETH, BTC, ADA, XRP, SOL.  MARKET PUMPS.

• r/politics r on reddit

  Trump announces strategic crypto reserve including bitcoin, Solana, XRP and more

• r/Buttcoin r on reddit

  Trump announces strategic crypto reserve including bitcoin, Solana, XRP and more

• r/GoldandBlack r on reddit

  Trump announces strategic crypto reserve including bitcoin, Solana, XRP and more

• r/Libertarian r on reddit

  Trump announces strategic crypto reserve including bitcoin, Solana, XRP and more

• r/americancoup r on reddit

  Looks like Trump is preparing the final exit strategy for Techbro crypto holders/

• r/wallstreetbets r on reddit

  Trump names cryptocurrencies in strategic reserve

• r/btc r on reddit

  Trump names cryptocurrencies to be in strategic reserve; prices spike

• r/CryptoCurrency r on reddit

  Crypto strategic reserve to include Ethereum And Bitcoin

• r/CryptoMarkets r on reddit

  Trump just mentioned BTC and ETH

• r/news r on reddit

  Trump Names Cryptocurrencies to be in Strategic Reserve; Prices Spike

• r/economicCollapse r on reddit

  Trump names cryptocurrencies to be in strategic reserve; prices spike

• r/Economics r on reddit

  Trump names cryptocurrencies to be in strategic reserve; prices spike

• r/italy r on reddit

  Trump annuncia la “riserva strategica” di criptovalute: includerà Ripple, Solana e Cardano

• r/neoliberal r on reddit

  Trump names cryptocurrencies to be in strategic reserve; prices spike

• r/CryptoCurrency r on reddit

  Crypto Strategic Reserve will include XRP, SOL, and ADA

• r/XRP r on reddit

  President Trump (@realDonaldTrump) announces a Crypto Strategic Reserve that includes XRP