bitcoinlasvegas2026

While the Eric Trump, infamous co-founder of “American Bitcoin”, was speaking from the podium at #BitcoinLasVegas2026 , declaring that #BTC is in its "greatest period ever", “Forbes” “slyly stabbed him in the back”. With an unflattering article: "How Eric Trump Got Rich From Bitcoin While Losing Investors a Fortune". The journalists reported that American Bitcoin had “lightened the pockets” of its investors by $500 million, while the personal wealth of the venerable mr. Trump himself had increased from approximately $190 million to $280 million.
Damn it, spectacular naughty boy! :)
And despite “Forbes” attempt to "cynically divert" media attention from Mr. Trump's brilliant speech, it's not at all difficult to see the accuracy and insight of the head of American Bitcoin's theses.
First, #TRUMP Jr. accurately identified the transform-growth points for the industry: 1) the launch of a record number of #BitcoinETFs ; 2) growing institutional demand; 3) the integration of cryptocurrency into traditional finance. “What Bitcoin has accomplished in the last six months compared to the previous three years is transformational”.
Secondly, the growing trends in the tokenization of traditional segments of the global economy were quite accurately noted. A crucial conclusion regarding the migration of policy in the banking sector. Trump declaim: “Major banks now offering bitcoin-backed mortgages and custody services as evidence of a Wall Street reversal”.
A vivid description of the latest attempt to use the crypto industry as a market driver. Its use as a new form, an additional container for "excess" #financialcapital , which has desperately concentrated (and perhaps even painfully accumulated) in accumulation centers. The good old problem of solving capital excess, given capitalism's inherent inability to apply the mechanism of progressive resource redistribution in favor of lagging sectors (peripheral economies, global socioeconomic challenges and problems).
For example, the UN's global goal of eradicating poverty as part of sustainable global development. According to UN statistics, approximately 1.2 billion people worldwide live in extreme poverty (or "multidimensional poverty"). The authors of the thematic report express concerns that the situation will worsen amid a looming recession and the growing debt burden of 54 developing countries.
Back in 2024, the World Bank reported that 44% of the world's population lived on less than $6.85 a day, considered the poverty line for upper-middle-income countries! From the World Bank report states: "Since 1990, due to population growth, the number of people below this poverty line has remained virtually unchanged... On average, global incomes today would need to increase five fold to reach $25 per person per day—the minimum standard of well-being for high-income countries".
And… returning to mr. Trump's speech in Las Vegas… "We're living through the best period I've ever”. And all of this is wonderful, of course… and all of this is wonderful, of course, and as we observe the latest evolution of the existing system of industrial relations, we personally rejoice at the successes of esteemed global financiers and the profits of venerable investors. However, the state of affairs in the world as a whole appears extremely bleak.
Amid the enthusiastic reports, forecasts, and expectations of stakeholders from the crypto industry, in the rest of the "real" world, there is poverty, need, hunger, destitution, deprivation, war, and the hopeless doom of the absolute majority to "envious Atlanteans" in a purely passive voice...
"Production is becoming social, but appropriation remains private." The public means of production remain the private property of a small number of individuals. The general framework of formally recognized free competition remains, and the oppression of a few monopolists over the rest of the population becomes a hundred times heavier, more
palpable, and more unbearable", - Vladimir Lenin ("Imperialism as the Highest Stage of
Capitalism").
Yes...
The unbearable ease of social existence grows stronger with each passing day. Decisively stronger...