The Inquiry Is Trump building a crypto economy?
Oct 7, 2025
Once a skeptic, Trump now embraces cryptocurrencies, signing legislation to integrate them into mainstream finance. His family’s ventures have sparked profit and interest in digital currencies, raising questions about the US dollar's future. The podcast dives into crypto's rapid growth, regulatory challenges, and the influence of campaign donations on pro-crypto policies. It also examines El Salvador's Bitcoin experiment and the implications of integrating crypto into traditional finance, warning of potential risks amid the hype.
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Bitcoin's Origin And Decentralisation
- Bitcoin began in 2009 as a reaction to the 2008 financial crisis and aimed to create money outside government control.
- Its decentralised blockchain ledger removed single-entity control and enabled cryptocurrencies to operate independently of banks.
Exchange Collapses Shook Confidence
- Early exchanges sprang up to make buying crypto easier, but many were unregulated and vulnerable to collapse like MT Gox in 2014 and FTX in 2022.
- These high-profile failures left investors facing huge losses and reinforced crypto's ‘Wild West’ reputation.
Irreversible Transactions Raise Risk
- A core vulnerability in many cryptocurrencies is irreversible transactions, which make thefts hard to reverse and recovery challenging.
- That technical trait, combined with regulatory gaps, increases both volatility and operational risk for investors.