Radio Atlantic
Why Is Trump So Into Crypto?
May 1, 2025
Annie Lowrey, an Atlantic staff writer focused on the economy and politics, discusses the dramatic shift in Donald Trump's stance on cryptocurrency, revealing potential threats to the financial system. She examines the proposal for a Bitcoin reserve, likening it to oil reserves, and worries about its implications. The volatility and risks of crypto are scrutinized, with parallels drawn to past financial crises. As political attitudes shift, Lowrey warns that without essential regulatory reforms, only a major economic downturn may compel necessary changes to safeguard consumers.
36:27
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Quick takeaways
- Trump's shift to endorse cryptocurrency raises concerns about increased risks in a traditionally volatile financial market.
- The integration of cryptocurrency with traditional finance could lead to regulatory gaps, risking economic stability for uninvolved individuals.
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