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lostnfound

(17,181 posts)

8. I invested a small amount of my 401K in an IBIT fund right after trump election

Reply to Lovie777 (Reply #1)

Mon Aug 25, 2025, 09:17 AM

Aug 25

it’s up 58%. I’m not a fan of it; but bought a small amount as an insurance policy against exactly this.
Under Biden, banks were told that if they wanted to use of crypto / stablecoin as part of their reserves, they needed pre-clearance.
Under trump, they said banks can use it as their reserves without pre-clearance.
This stablecoin is “stable” only if the entities that issue it actually have the dollar reserves to back it, but they aren’t regulated like banks are.

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Did Passage Of The Genius Act Allow Stablecoins To Replace The Dollar [View all] gab13by13 Aug 25 OP

I've read that crypto is not doing well.................... Lovie777 Aug 25 #1

Check BTC price. JCMach1 Aug 25 #6

I invested a small amount of my 401K in an IBIT fund right after trump election lostnfound Aug 25 #8

IBIT is a good ETF fujiyamasan Aug 25 #10

Are banks mandated to accept Crypto or can they refuse it? no_hypocrisy Aug 25 #2

You don't need a bank. Why banks are always trying to kneecap the industry... JCMach1 Aug 25 #4

Who benefits and how from Trump deliberatly weakening the dollar? Irish_Dem Aug 25 #3

Not Stable Coins as the peg to the $ JCMach1 Aug 25 #5

Shock Doctrine pattern: weaken currency lets vulture capital / foreigners buy up assets for "pennies on the dollar" lostnfound Aug 25 #9

China wants the yuan to be the global currency. Irish_Dem Aug 25 #11

Honestly stable coins look better and better as we are dealing with Visa/MC JCMach1 Aug 25 #7