Maddow criticizes Trump and calls Bitcoin “a fraud”

Rhodes researcher and liberal media commentator said in a clip broadcast on Thursday, March 6, that the encrypted currency is a fraud. It also criticized the White House for “playing this game.”

“A very simple fraud.”

It draws an amazing comparison between the children of Crypto and Beanie, saying: “Cryptos works on the same idea. They have no value at all, but people speculate, in the hope of … pic.twitter.com/knjrwrndd

Coinbureau office March 8, 2025

President Donald Trump signed an executive order earlier that day, as he established a national reserve for digital assets.

“The United States will not sell any bitcoin deposited in the reserve. It will be kept as a value store. Reserve is similar to a digital fortress for the cryptocurrency, which is often called” digital gold “,” said Crypto Crypto CZAR DAVID SACKS.

“It is worth looking at this thing a little encryption,” Mado said in her program. “Just because it is a simple and deep fraud process. At this point, which refers to the White House.”

This is what Mado said about Bitcoin and what she had sinned.

1. Unlike Benny, the price of bitcoin rises

“It is useful,” said Mado. “It seems as if there was a madness of a young child in the late 1990s.”

“The children’s trading bubble was in a small hat,” she explained. “Unlike some emotional value if you have a child as a child, children have a lot of worthy value.”

“But it was worth buying a handful of them because there was speculation for the hypothesis that they are as possessions, perhaps one day, Beanie Babies could deserve a lot of money.”

However, there is a major difference between Bitcoin and Beanie Babies. While Beanie Babies appeared for the first time in 1993 in The World Toy Fair in New York City, this game is a heresy I reached it He rose six years after 1999.

After the Dot Com collapsed in 2000, the auction rates for children were not recovered to those levels again.

To get a realistic idea of ​​the after -sales value of mummified games, one only needs to study the local savings store in their city. But unlike Beanie Babies, the Bitcoin price has increased since its launch on January 3, 2009.

This is 16 years of growth in the daily exchange rate of the dollar, which is close to the similar investment revenues from the highest technology shares in the history of the stock market.

During the periodic bear markets, which have occurred so far in a 4 -year -old course, critics have repeatedly called Bitcoin and announced that they are dead.

But every time the skeptical turns into a mistake when the price determines new records at all within four years. When it comes to historical records, there is no reasonable comparison between children between children and bitcoin.

While the Toy Complodles reached its peak in 1999 and was never recovered, Bitcoin created 84,000 million new encoders in 2024, According to To a report on CNBC.

2. Benny children’s markets are not liquid or transparent

“The cryptocurrency works on the same idea,” Madow continued in its category.

“They have no value at all. The only value they have is that if you have a reason to believe that someone else may want to buy it in the future.”

“What this means in very practical phrases is to persuade others that your encryption is common and in demand – this is the key to actually earning money.”

But it is not correct that cryptocurrencies are working on the same idea as Manias Toy and Fashion, or that assets like Bitcoin have no inherent value.

Beanie Babies are not a financial product and do not bear the characteristics that make them suitable for use as one. It is not easy to send an email to exchange a truck load of Plushies game, but it is very easy to exchange bitcoin.

It is also not possible to track the number of children in the market on the market and publish the daily trading data updated around each of them.

It is not only possible with Bitcoin and other encryption like those that occur in the national reserve – computer developers classified them in this way.

This is part of the value they provide, which makes it possible to use these digital goods as financial products and investment compounds: liquidity and transparency.

3. Kitting children are not solid and enjoyable like encryption

Meanwhile, children are not a subtle and enjoyable children’s hat like cryptocurrencies. Who wants another person’s game stuffed that they were giving their nose and leaving grease?

These stocks contain very sensitive market values, and the products are very vulnerable to deterioration to a state of resetting value much less than the retail sale.

Even when maintaining them in the case of mint, post -market values ​​for gaming holdings are similar to the market for cars used. After being expelled from the piece, it immediately a sharp decline unit.

On the other hand, the BTC encryption inventors have explained accurate interest in designing their economies or “Tokenomics” to improve the value of resale over time and the expected future.

Current currencies, like the above mentioned, have the limits of the supply that offer the economies of scarcity. It is also not subject to the deterioration of the physical condition.

In fact, any bitcoin unit is always equal to any other equivalent unit in the market value. This is called fungi, and it is the condition of the system for the origin to work as a currency.

4. Kitting children are not like Bitcoin

“The idea of ​​separating cryptocurrency is that people must buy soon, right?” Mado continued to show her.

“Enter the ground floor while it is cheap because it is about to go in value because there is a lot of attention to it. If you enter the ground floor now, you will create a package. It is all the noise. It’s all fraud.”

Although it is correct that participants in the encryption markets may participate in the unreliable and turbulent marketing tactics, this does not make the basic assets a fraud.

It also does not mean that there are no more intelligent reasons why financial geniuses like Larry Fink from Blackrock, members of the Shark Tank team Kevin OlieriOr the strategy, Michael Sailor, believes that investing in Bitcoin, and Blockchain not only a fraud – but the next stage of the development of the Internet and human civilization.

5. Bitcoin orders are real, not just noise

After making all these mistakes broadcasting, Maddow finally completely canceled her case with her closing ideas about this part.

“Imagine that Trump has just announced that the United States government will buy many children of children.” “We will create a federal government reserve for billions of children.”

“What do you think will happen to the value of children between me? It turns out that there is a huge guaranteed buyer for these things. They buy billions of them.”

The answer to her question is: It is possible that its value will rise as most analysts from Bitcoin expect. Due to the presence of a huge guaranteed buyer and this buyer is the American government.

It is not bad for fraud.