Yeah, what’s interesting is not just the mixed response he has received, but that there doesnt appear to be any sort of ideological line you can draw on what distinguishes the positive responses from negative. Most of what I’ve seen of the criticism is simply that he just isnt good at what he does and has been wrong about all the major issue in his professional lifetime. There has been nothing about him being an ideological crank as we now expect of important Trump appointments
I found this a pretty useful summary of the response as someone who knows nothing about the guy
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Crypto, or more specifically Bitcoin behaves a bit like an asset. I think it’s had the same sell off as gold and silver. It also hit a bit a barrier with the $100k and $110k prices and kind of tracked sideways for a while.
I should also say to that Bitcoin has traditionally followed the 4 year debt cycle the US has, until now that is. It’s gone sideways the last 12 months when all the signals say it should still be going up. Trump’s policies seem to be upsetting that trend.
The added risk there is that he has found his way to career redemption by appearing to be willing to do what Trump wants. The uncertainty is fundamentally around how real that is versus the views he was expressing over a decade ago.
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