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Politics : View from the Center and Left
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From: S. maltophilia10/14/2025 3:00:30 PM
1 Recommendation

Recommended By
Sam

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An essential TACO ingredient:

....No, Trump was almost certainly reacting to the markets. Stocks fell sharply Friday, but the really striking action came in crypto, where Bitcoin fell 20 percent and smaller, less liquid tokens fell even more. Here, to take an arbitrary example, is what happened to the value of the official Trump coin:





Also, it just so happens that Trump himself holds an estimated $870 million worth of Bitcoin, so he suffered large personal financial losses from the crypto crash....

paulkrugman.substack.com
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