Series Of Shameful Scams Hurt The Case For Bitcoin
President of Argentina Javier Milei of La Libertad Avanza on November 19, 2023 in Buenos Aires, … [+]
A series of high-profile “meme coin rug pulls” is fueling concern that the “crypto” frenzy is tarnishing bitcoin’s reputation as a sound monetary asset. From Argentina’s $LIBRA scandal to the Trump administration’s embrace of a $TRUMP token and even a First Lady-endorsed meme coin, these speculative mania have captured headlines and blurred the distinction between bitcoin – digital money that looks increasingly likely to power the 21st century economy – and speculative pump-and-dump schemes.
Bitcoin will be fine either way. What may not endure is Trump’s…
