I was texting with a friend in the US this week. We were discussing the world of crypto and this blog piece captures some of the highlights of our text chat.

So often a discussion with a crypto person feels like a pump & dump conversation. It is like everyone is trying to find a greater fool to help keep the price high.

A case in point with the American President. His $TRUMP crypto currency has raised billions, and it seems like one big ploy to get rich off dumb people. Also, it presents a new way you can bribe him while maintaining plausible deniability.

I don’t really understand the world of crypto. Well, not any more. But it sounds like anyone can make up a new virtual currency. The success is a matter of marketing. Dogecoin, for example, was created as a joke by some guy who was trying to show how absurd it is. Musk decided to promote it and now it is worth $50 billion.

Trump and Melania both have cryptocurrencies. $TRUMP and $MELANIA. That is what they should put on their gravestones.