America Is a Crypto Country Now
Donald Trump wants to get back into the casino business. These days, the onetime owner of the infamous Taj Mahal casino is not interested in slot machines. He is set on a much newer kind of gambling: crypto. Yesterday, the president signed an executive order creating both a “Strategic Bitcoin Reserve” and a “Digital Asset Stockpile” made up of different kinds of cryptocurrencies. The bitcoin stockpile, which presumably will be the larger of the two, amounts to “a virtual Fort Knox for digital gold,” Trump said during a crypto summit at the White House earlier today. “‘Never sell your bitcoin.’ That’s a little phrase that they have. I don’t know if that’s right or not. Who the hell knows.”
There are reasons for…
