As I’ve written before, I see Bitcoin as a classic “pump & dump” security. Oddly, Trump and I seem to be in agreement on the vitality of bitcoin. That is, it’s a unique meme stock (aka pump & dump security) like his own stock (DJT on Nasdaq). As I write this post, both of these meme securities are trading ridiculously high.
This begs the question, when will they both fall down?