cross-posted from: https://lemmy.ml/post/26662591
this post was submitted on 02 Mar 2025
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This whole thing is so silly. It costs hundreds of millions and something like 18 years to build a rare earth mine. What company would be willing to risk that investment without any sort of meaningful security arrangement?
The dream is more important than reality.
This is how some of Trump's real estate endeavors worked before he got into politics: hype, and sell to the public markets at an inflated price. For all people criticize him, he’s very good at encouraging the masses to buy things they really shouldn’t buy.
And later? Doesn’t matter, someone else is holding the bag after that, and it’s onto the next thing. Sounds a lot like crypto TBH.
https://www.cnbc.com/2025/03/02/trump-announces-strategic-crypto-reserve-including-bitcoin-solana-xrp-and-more.html
You don’t say
A strategic crypto reserve? Hahaha hahaha hahaha oh my god.
Has he checked with Elon about this and gotten approval? Dogecoin seems to be missing.