According to price of Bitcoin anyway. People started buying bitcoin when Trump won. Bitcoin is like the S&P500 of crypto.
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The silent majority seems to support Trump
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Laodicean60
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Maybe not but they are the smart ones as it stands looking at the chart, only if you're into trying to make a little extra money.
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The silent majority of citizens doesn't participate in polls either.
The statistical sample size is only a small % of the voting population.
The same can be said for crypto holders and they can be regarded as statistical sample. A few months ago, no one could guess the majority of crypto holders support Trump. It could be half of them will support Harris and half will support Trump. But now after election results, it's fairly clear more crypto holders support Trump.
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Laodicean60
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At first, I couldn't see the silent majority in Bitcoin, but when you consider it, money and survival are at the forefront of people's minds and yes this is another avenue to preserving or increasing your wealth. The technology isn't going anywhere.
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DaisyDay
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The people making the most money in cryptocurrency, especially meme coins, are the grifters and rug pullers. And they make a ton of money.
That said, Bitcoin (a particular cryptocurrency) is the most used and the most stable. Etherium's Ether is a close second.
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Paulos23
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I never understood Bitcoin and other cryptocurrencies. They are not based on anything tangible, like bonds or stocks, and are very vulnerable to market swings and cons.
It is definitely something that takes active watching.
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Laodicean60
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I didn't understand the internet either and missed an opportunity. This is why I am open to new technology but late to the game. My son would be able to explain it better but it's the blockchain more efficient in ledger transfers. How the "Bitcoin" comes from this I don't know. So I bought 0.00000000000000000000000000000000001 coins lol, but I wish I had bought 1 Bitcoin when it was down around 20k but I balked. My nephews bought several when it was in the hundreds per coin.
I invest in the top 2, Ethereum and mainly Bitcoin because after all Blackrock is in it so can't be all that bad. All that other stuff is questionable.
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