Rampell: Trump’s Crypto Coin Is a ‘Very Convenient Way to Pay Off the President’
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EXCERPT:
RAMPELL: "On the one hand, I think this is a massive scam of his own followers who are buying nothing, essentially, in the hopes that there will be a greater fool down the line to buy more. And right now, look, it‘s worth a lot, but they still need to be able -- people want to cash out, they need to find a greater fool who will pay more. On the other hand, maybe they‘re somewhat shielded from downside losses because there will be a reliable source of individuals, companies and foreign governments that see this, see buying these coins, these tokens, as a very convenient way to pay off the president for favors. You know, if you‘re the Saudi government, you no longer need to pretend to stay at a Trump hotel in order to give money to Donald Trump to bribe Donald Trump. You can just show your digital wallet, and that is sufficient."
