Thrown into Con Fusion

“At the center of the concerns is a rise in borrowing. By this fall, public companies had taken out large loans to buy crypto. And investors had placed more than $200 billion in bets on future coin prices, a type of trade often made with borrowed money, which sets buyers up for major gains or crushing losses. The industry’s latest offerings have also linked crypto to the stock market and other parts of the financial world, raising the prospect of a chain reaction that spills a crypto crisis into the broader economy.” NYT (Gift Article): What Trump’s Embrace of Crypto Has Unleashed.

+ 45% of Gen Z adults say they would be happy to receive crypto as a gift this holiday season

+ Crypto is old news. This year, give the gift of cold fusion. “Trump Media and Technology Group stock surged more than 35% on Thursday after the parent company of Truth Social announced a merger with fusion power firm TAE Technologies. (I’m sure this will all play out in a totally legit and entirely not corrupt way…)