Yik Yak logo
Download TikTok Instagram X
Yik Yak icon
Join communities on Yik Yak Download
US Politics icon
US Politics 3w
The trump organization owns a bunch of crypto, right? Probably just a coincidence
link

How bitcoin and gold went from a slump to an MVP week in just a few days

apnews.com

comment

4
upvote 12 downvote
default user profile icon
Anonymous 3w

They have insider traded everything for years

upvote 3 downvote
default user profile icon
Anonymous 3w

They’re extremely corrupt but they can’t manipulate the prices of bitcoin or gold. The markets for those are too big for them to manipulate. The increases were due to economic fundamentals (rising borrowing costs, highest treasury yields in years, Bessent’s failed bond market intervention, and renewed prospects for crypto legislation passing)

upvote 1 downvote
default user profile icon
Anonymous replying to -> #2 3w

So when Trump announced the crypto summit in the White House bitcoin jumped like $7000

upvote 1 downvote
default user profile icon
Anonymous replying to -> #1 3w

Yeah ik, bitcoin basically trades on thin air (hype) and weakness in the market. Gold meanwhile is held my many foreign governments as a reserve currency. When the dollar weakens, gold increases since so many other countries hold gold and dollars. It was a combination of multiple catalysts that made both move in a directionally consistent manner.

upvote 1 downvote