Trump does not understand Bitcoin

”I won on the border, and I won on groceries. Very simple word, groceries. Like almost — you know, who uses the word? I started using the word — the groceries. When you buy apples, when you buy bacon, when you buy eggs, they would double and triple the price over a short period of time, and I won an election based on that. We’re going to bring those prices way down.”*

Comment by JDB-667 at 09/03/2025 at 01:11 UTC

211 upvotes, 7 direct replies

So let's state the facts here:

Trump does not understand crypto / Bitcoin.

He is just rewarding the people (crypto bros) who helped him.

Stating "never sell your Bitcoin" is setting up people who will be the exit liquidity of the crypto bros who helped Trump -- i.e. Saylor, Sacks, Chamath, Srinivasin, Selkis, et al.

What you should take away? Sell your Bitcoin when it becomes life improving money.

Comment by ScubaAlek at 09/03/2025 at 04:38 UTC

16 upvotes, 2 direct replies

Trump quite literally is known to not know how to use a computer. How would he understand bitcoin?

Comment by Dalferious at 09/03/2025 at 01:46 UTC

33 upvotes, 3 direct replies

Remember when Trump said he doesn’t like Bitcoin and crypto in general?

https://x.com/realDonaldTrump/status/1149472282584072192?lang=en

Comment by Mr-R0bot0 at 09/03/2025 at 01:36 UTC

45 upvotes, 1 direct replies

He doesn’t understand anything.

Comment by Affectionate_Bass273 at 09/03/2025 at 02:02 UTC

15 upvotes, 4 direct replies

If the strategy of the reserve is to never sell or loan what will its purpose be? If tax payers merely hodl government bitcoin forever it doesn’t accomplish anything.

Comment by Rent_South at 09/03/2025 at 04:06 UTC

15 upvotes, 3 direct replies

PSA about the Strategic Bitcoin Reserve and stockpile announcement:

The U.S. is locking up seized Bitcoin instead of selling it.
A Strategic Bitcoin Reserve has been officially established.
The Treasury & Commerce Departments will explore budget-neutral ways to acquire more BTC.
If more is needed, Congress will be asked to approve additional purchases.
No additional altcoins will be acquired beyond those seized in forfeitures.
Bitcoin has been officially recognized as a finite, secure store of value, "digital gold."
This cements Bitcoin as a strategic asset in U.S. policy.
Paves the way for further national Bitcoin accumulation.

Comment by jeffdanielsson at 09/03/2025 at 14:48 UTC

6 upvotes, 1 direct replies

Really is wild how much power billionaires have amassed in the last few months. I never thought I would say this but bitcoin is in their hands forever now.

Comment by InclineDumbbellPress at 09/03/2025 at 00:58 UTC

15 upvotes, 0 direct replies

Credits: https://x.com/boldleonidas/status/1898226688611566075[1][2]

1: https://x.com/boldleonidas/status/1898226688611566075

2: https://x.com/boldleonidas/status/1898226688611566075

Comment by IdiocracyToday at 09/03/2025 at 01:40 UTC

17 upvotes, 1 direct replies

Has everyone on this sub forgot hodl?

Comment by MR-M-313- at 09/03/2025 at 01:43 UTC

9 upvotes, 0 direct replies

Mr president, Is the bitcoin in the room here with us?

Comment by JohnTheGambler at 09/03/2025 at 04:52 UTC

6 upvotes, 0 direct replies

What a circus

gif [IMG]

Comment by Voilent_Bunny at 09/03/2025 at 05:20 UTC

4 upvotes, 0 direct replies

He doesn't understand anything

Comment by Convict_felon at 09/03/2025 at 01:41 UTC

15 upvotes, 1 direct replies

Government filled with old folks trying to inject themselves into crypto and regulate it so they can tax common folks. These law makers and politcians are not trying to understand crypto. All they are in for is to take from it, find out who got how many and take from them by taxing or imprison the person with Bitcoins

As soon as governments get involved the shit goes to shit (if you know what I mean)

Regulation is not done for your safety it's done so they can tax you or imprison you if you evade/decline or wrongfully fill in your tax papers

Comment by nonula at 09/03/2025 at 03:04 UTC

7 upvotes, 1 direct replies

Um yeah well, he said multiple times the other day that the US wants Ukraine’s “raw earth” so … I’m not sure we should be surprised when he doesn’t understand things.

Comment by Medic_Induced_Comma at 09/03/2025 at 03:56 UTC

8 upvotes, 0 direct replies

No shit. He doesn't understand anything. He's a fucking goon.

Comment by OohDeLaLi at 09/03/2025 at 03:28 UTC

3 upvotes, 0 direct replies

"Will it make money? Ok, slap my name on it. And how're my steaks coming along!" - Trump

Comment by applechestnut at 09/03/2025 at 05:48 UTC

3 upvotes, 0 direct replies

Me neither. But I’m also not regularly surrounded by ostensibly smart people who could explain it to me like I’m 5. All I know is that I missed out on it was cheap as hell and that the numbers have gotten bigger.

Comment by HarmadeusZex at 09/03/2025 at 05:51 UTC

3 upvotes, 0 direct replies

Never sell so we can confiscate it

Comment by mickalawl at 09/03/2025 at 06:04 UTC

3 upvotes, 0 direct replies

Apparently, they have to draw pictures for him every time there is a briefing , so he gets whatever the topic is. And he still doesn't.

Comment by VladTheSimpaler at 09/03/2025 at 07:32 UTC

3 upvotes, 0 direct replies

Stable genius