Trump Crypto Plan Could End Bitcoin’s Anarchic Vision
A strategic US stake in Bitcoin, like with oil, would invite government interference and forsake the original libertarian philosophy.
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Source: Bloomberg
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There’s a bull market for cryptocurrency promoters. Donald Trump’s endorsement of Bitcoin is only the latest win for the digital asset. As Bloomberg News’ reporters note in this Big Take, his backing capped a complete about-face on an asset class he considered a crime-riddled scam when in office. There may also be a reversal from crypto bros now happy to back him. Their original libertarian concept was that the currency would break the hold of banks on the financial system, and of the government over the currency. The notion of benign anarchy had already seemed to be dying; official embrace now could bury it once and for all.