this post was submitted on 23 Jul 2025
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The company behind Truth Social is converting its cash into crypto, creating a high-stakes link between its future and the volatile digital currency.

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[–] ExtremeDullard@lemmy.sdf.org 16 points 2 days ago (1 children)

Now would be a very satisfying time for the crypto bubble to collapse.

[–] Canconda@lemmy.ca 6 points 2 days ago

It's not gonna collapse until it becomes properly regulated. The rich have realized they can pump and dump crypto and leave retail investors holding the bag.

https://www.investopedia.com/news/bitcoins-2017-rise-was-market-manipulation-tether-study/

[–] Teal@lemmy.zip 2 points 1 day ago

May North Korea (or anyone really) steal every bit of it. They pulled off the largest single bitcoin heist so far earlier this year. How difficult could this bozo’s crypto be for them?

[–] Canconda@lemmy.ca 6 points 2 days ago

It'll work to because MAGA supporters will see the USD tanking and buy right into the grift.

[–] nymnympseudonym@lemmy.world 2 points 2 days ago

I don't get it

You have hundreds of millions to billions of dollars worth coming in

Totally... well, legit as far as banks are concerned

Why TF would you store it on an unencrypted public blockchain where everyone can see every. Damn. Move.

A credit or debit card is way more private; at least only the bank, its affiliates, and your government are watching your transactions -- not the entire internet