1. A Nobel Prize winner directly fires back: This is a scam for laundering money for the rich!
A writer named Gerard Connolly directly wrote a letter to Trump's lawyer calling them out: 'Your plan is just the dumbest speculative game! Trump wants to hoard Bitcoin with taxpayers' money while his family is raking in money behind the scenes!' He gave a heartbreaking example: Trump's 'TRUMP' Dogecoin alone made $100 million just in transaction fees, and the ordinary people have to foot the bill?
Connolly exposes the Trump family's crypto empire:
Son Eric and little Donald shout 'financial freedom' every day, but in reality, they are just pulling a bunch of rich people into a 'decentralized casino'.
Old Trump's AI advisor David Sacks secretly holds shares in a cryptocurrency fund, and his confidants manipulate regulatory policies by speculating on Dogecoin.
The most absurd thing is that they claim to hoard BTC, ETH, and XRP, but behind each of them stands a company associated with the Trump family! Connolly directly demanded the Treasury Department to hand over documents to check whether these people are using public power for personal gain.
2. The White House is stubborn: not spending a penny! But the market is already scared stiff.
Trump suddenly announced on March 2 that he would create a 'national Bitcoin reserve', and as a result, he was criticized and trending the next day. Defense Secretary Mark Harper directly called it a 'Euro scam', and now Connolly has added that this is not a petroleum reserve at all, but a way to gamble with the people's money!
Market reaction: Bitcoin can’t even hold at $80,000 now; if it falls below $70,000, this pile of 'faith coins' may crash overnight.
White House defense: They say they won't spend any money, but experts point out that just 'researching' this budget will cost billions of dollars, and in the end, isn't it the case that the wool comes from the sheep?
3. The interest chain is too dark! Even the SEC can't stand it.
Connolly exposes explosive information: Trump's team may use government bonds as collateral to buy coins, and once Bitcoin crashes, the government can only print money to save the market—this is just a disguised QE, right? More ironically, Trump himself is under SEC investigation for insider trading, yet he turns around and wants to engage in 'financial innovation'; it’s truly the thief shouting to catch the thief!
4. How should ordinary people view this? This operation is simply adding fuel to the fire!
Regarding the market: Bitcoin has always relied on the faith of retail investors; now that the government is entering the arena, it will only give the big players more reason to take advantage of the small investors.
Regarding Trump: He criticizes Musk for 'manipulating the market', yet he himself is engaging in even more dangerous financial speculation; his double standards are nauseating.
Regarding ordinary people: Don’t be fooled by the 'national endorsement'! Look at historical lessons—when the Federal Reserve raised interest rates in 2022, all 'safe-haven assets' still crashed, and Bitcoin plummeted by 40%!
To summarize:
Trump's operation this time is like using a nuclear bomb to swat a mosquito—completely ignoring the consequences! Even his own Nobel Prize winner can’t stand it, indicating that this matter has rotted to the core. Ordinary people should stay away from this farce and not be fooled into becoming the scapegoats by 'patriotic sentiment'!
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