Dear Reader, |
I've been watching politics for 40 years, and I can usually spot when a politician is pandering versus when they actually believe something. |
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So when Trump started talking about making America "the crypto capital of the world" during his campaign, I figured it was just another campaign promise. You know the type - sounds good, gets applause, gets forgotten after election day. |
Then he won. And something interesting happened. |
Instead of quietly backing away from the crypto talk like most politicians do with their campaign promises, Trump doubled down. Started nominating people to key positions who actually understand this stuff. |
That got my attention. |
Because here's what I've learned about Trump over the years: the man might be a lot of things, but he's not stupid about money. When he commits to something financial, he usually has a reason that goes beyond politics. |
So I started digging into what changed his mind about crypto. |
Turns out, it wasn't just the campaign donations from crypto companies (though those didn't hurt). It was something bigger. Something that cuts to the heart of why America became an economic powerhouse in the first place. |
Innovation leadership. |
Think about it. For the past century, whenever a new technology emerged that could reshape global finance, America led the way. We created the modern banking system. We built Wall Street. We established the dollar as the world's reserve currency. |
But with crypto, we've been sitting on the sidelines while other countries sprint ahead. |
El Salvador made Bitcoin legal tender. The European Union created comprehensive crypto regulations. Even China - despite banning crypto trading - is racing ahead with their digital currency experiments. |
Meanwhile, what was America doing? Threatening to ban it. Suing crypto companies. Creating so much regulatory uncertainty that our best innovators started moving overseas. |
Trump figured out what a lot of politicians missed: this isn't just about digital money. This is about economic leadership in the 21st century. |
And that's when something clicked for me. |
I've been thinking about crypto as just another investment option. But maybe that's thinking too small. |
What if this is actually about preserving American financial dominance? |
Consider where we are right now. The dollar is still the world's reserve currency, but that's not guaranteed forever. China wants to replace it. Russia and Iran are trying to trade around it. Even our allies are starting to question whether they want to be completely dependent on our financial system. |
Bitcoin changes that equation entirely. |
If America becomes the global leader in crypto innovation, we're not just competing with other currencies. We're creating an entirely new category that we control from the beginning. |
It's brilliant when you think about it. Instead of fighting to defend the dollar against other government currencies, we lead the development of something that transcends government currencies entirely. |
And because we're leading the innovation, American companies, American investors, and American technology set the rules for how this new system works. |
This is probably why Trump's team isn't just talking about allowing crypto. They're talking about strategic Bitcoin reserves. Government policies to encourage innovation. Making America the place where crypto companies want to be based. |
It's not just about being crypto-friendly. It's about making sure America leads the next phase of global finance. |
That perspective shift has me looking at Bitcoin completely differently. |
I've been thinking about it as protection against inflation or as a speculation play. But what if it's actually about positioning yourself alongside the future of American economic leadership? |
What if buying Bitcoin isn't just an investment decision, but a vote of confidence in America's ability to innovate and lead? |
That changes the whole calculation, doesn't it? |
Now, I'm still not ready to bet the farm on crypto. And I certainly don't make investment decisions based on politics. |
But I am starting to think that dismissing Bitcoin as "fake money" might be like dismissing the internet as a "fad" back in the 1990s. |
Sometimes the things that seem strangest at first turn out to be the most transformative. |
And when a guy who built a multi-billion dollar empire by spotting trends before everyone else starts talking about crypto as essential to American leadership... well, maybe it's worth paying attention. |
Stay sharp, |
Glenn Short |
P.S. I never thought I'd be writing about cryptocurrency as a patriotic investment. But then again, I never thought I'd see the day when our own government seemed more interested in hampering American innovation than leading it. Strange times make for strange strategies. |
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