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by slicerdicer2 443 days ago
One factor that the media has missed is that the "dork right" who support trump have the bitcoin put option.

Elect trump -> his crazy ideas work -> stonks go up -> get rich

Elect trump -> his crazy ideas destroy USA -> USD collapses -> BTC goes to infinity -> get rich

4 comments

BTC/USD is down as we speak 6% around 78k... if anything the riskier the asset the more downside there is
BTC is a risk asset owned by US institutions, so that won't happen. It's basically another version of QQQ.
QQQ hasn't gone up 1000000% in 15 years
Any gain can be a 1000000% gain with enough leverage.
I don't follow. If the economy collapsed, nobody would want fake money you can't spend whose value relies on someone else with excess income.

Gold is a significantly better, safer purchase.

Or everyone moves to the euro/yuan and BTC is unchanged