Crypto shows Australia how to manage Trump

Narcissists appear capricious, volatile and difficult to manage. But, in truth, they are putty in the right hands:

At an event where vendors hawked red hats reading “Make Bitcoin Great Again,” the crowd erupted in applause when Donald Trump vowed to fire Gary Gensler, the Securities and Exchange Commission chair, and replace him with regulators who love the digital-asset industry should he return to the White House.

“I pledge to the Bitcoin community that the day I take the oath of office, Joe Biden, Kamala Harris’s anti-crypto crusade, it will end,” Trump told the Bitcoin 2024 conference in Nashville on Saturday, comparing crypto to the steel industry a century ago.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.