Wendy Sherman: “There is substantial discussion of cryptocurrencies. It was one of the things that I agreed with Donald Trump on when he…”

“There is substantial discussion of cryptocurrencies. It was one of the things that I agreed with Donald Trump on when he tweeted in 2019, back when he was on Twitter: ``I am not a fan of Bitcoin and other cryptocurrencies, which are not money and whose value is highly volatile and based on thin air. Unregulated crypto assets can facilitate unlawful behavior, including drug trade and other illegal activity.'' ``We have only one real currency in the USA, and it is stronger than ever, both dependable and reliable. It is by far the most dominant currency anywhere in the world, and it will always stay that way. It is called the United States dollar.'' Donald Trump got it right in 2019 because he hadn't figured out that there was a way to get money by getting it wrong. Since then, he has flip-flopped. He has decided that he likes cryptocurrency. Why is that? First, he may have discovered that those who are doing crypto mining are creating enormous amounts of greenhouse gases, entire mothballed electric plants have been taken out of mothballs. These are coal-burning plants, and the entire output is used to do highly complex calculations in order to mine cryptocurrency. That is to say, whoever does these calculations, the system gives them crypto. Maybe it is the enormous amount of greenhouse gases, but I don't think that is it. What Trump has discovered is that there is an enormous amount of money for him by embracing crypto. What is crypto? Why does it have a value?…”