# WP: Conservative activists press big companies to buy bitcoin

**URL:** <https://boards.straightdope.com/t/wp-conservative-activists-press-big-companies-to-buy-bitcoin/1011956>\
**Category:** Politics & Elections\
**Tags:** trump\
**Created:** [December 21, 2024, 2:01am UTC](https://boards.straightdope.com/t/wp-conservative-activists-press-big-companies-to-buy-bitcoin/1011956 "2024-12-21T02:01:38Z")\
**Posts on this page:** 4\
**Page:** 1

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**Author:** ![Stranger\_On\_A\_Train](https://avatars.discourse-cdn.com/v4/letter/s/13edae/32.png) [@Stranger\_On\_A\_Train](https://boards.straightdope.com/u/Stranger_On_A_Train)\
**Post date:** [December 21, 2024, 2:01am UTC](https://boards.straightdope.com/t/wp-conservative-activists-press-big-companies-to-buy-bitcoin/1011956/1 "2024-12-21T02:01:38Z")

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[_Washington Post_: “Conservative activists press big companies to buy bitcoin”](https://wapo.st/3ZKI00E)

> _The new strategy comes amid a broad embrace of crypto by conservatives, including President-elect [Donald Trump](https://www.washingtonpost.com/donald-trump/?itid=lk_inline_manual_8), who told advocates in July that he intends to make the United States the [“crypto capital of the planet,”](https://www.washingtonpost.com/business/2024/07/27/trump-bitcoin-support-2024-cryptocurrency/?itid=lk_inline_manual_8) with promises to take a much lighter regulatory approach to the volatile market than the Biden administration has._
> 
> _Crypto investors have spent hundreds of millions of dollars to influence lawmakers in Washington and elect pro-crypto candidates this past election cycle. Trump and [some of his Cabinet picks](https://www.washingtonpost.com/business/2024/11/09/lutnick-treasury-tether-sanctions-transition/?itid=lk_inline_manual_9) have financial interests in the industry, while the president-elect has expressed interest in creating a [national stockpile of bitcoin](https://www.washingtonpost.com/business/2024/11/27/trump-strategic-bitcoin-reserve-plan/?itid=lk_inline_manual_9)._

I lack the words to describe how stupid and openly corrupt all of this is.

Stranger

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**Author:** ![survinga](https://avatars.discourse-cdn.com/v4/letter/s/cab0a1/32.png) [@survinga](https://boards.straightdope.com/u/survinga)\
**Post date:** [December 21, 2024, 4:40am UTC](https://boards.straightdope.com/t/wp-conservative-activists-press-big-companies-to-buy-bitcoin/1011956/2 "2024-12-21T04:40:30Z")

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Smells like another conservative con.

What good uses does crypto have? None, except for some criminals.

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**Author:** ![DeadTreasSecretaries](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/deadtreassecretaries/32/4817_2.png) [@DeadTreasSecretaries](https://boards.straightdope.com/u/DeadTreasSecretaries)\
**Post date:** [December 21, 2024, 5:52am UTC](https://boards.straightdope.com/t/wp-conservative-activists-press-big-companies-to-buy-bitcoin/1011956/3 "2024-12-21T05:52:37Z")

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Apparently getting in the next too-big-to-fail financial product and having the government take on all the risk.

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**Author:** ![Velocity](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/velocity/32/18006_2.png) [@Velocity](https://boards.straightdope.com/u/Velocity)\
**Post date:** [December 21, 2024, 5:54am UTC](https://boards.straightdope.com/t/wp-conservative-activists-press-big-companies-to-buy-bitcoin/1011956/4 "2024-12-21T05:54:41Z")

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I’m guessing they just want the value of bitcoin to be goosed up further so they can sell for higher profit.