The “Let’s Go Brandon” cryptocurrency is a digital meme coin inspired by the refrain mocking President Joe Biden.
“LGB legends. … Tomorrow we go to the moon!” Cawthorn wrote on his Instagram page in response to a photo posted on Koutoulas’s account.
The next day, the value of LGBCoin surged by 75% after NASCAR driver Brandon Brown announced that the cryptocurrency would be the main sponsor of his 2022 season.
IT's going to be a real stretch to "whatabout" the crypto fiascos. I assume because Republicans have the domain of greedy people who don't want to do valuable work market cornered. Not to say that all Republicans are in that bucket, but that those people are landing in the Republican bucket.
Donald Trump is seemingly now in the cryptocurrency game after he was gifted 500 billion “Let’s Go [Brandon]” tokens by a blundering Trumpworld crypto investor.
One might think an association with the former president would boost the meme coin’s value. But instead, the opposite has occurred.
NY Times libs have a suggestion.
But let’s leave market predictions aside and ask what’s with the deepening alliance between Bitcoin and MAGA?
The answer, I’d argue, is that Bitcoin was supposed to create a monetary system that functions without trust — and the modern right is all about fostering distrust. Covid is a hoax; the election was stolen; California’s forest fires had nothing to do with climate change, and they were started by Rothschild-controlled space lasers.
In this context it’s perfectly natural for MAGAesque politicians to demand an end to a monetary system that runs through banks — we know who controls them, right? — and rests on a currency that’s managed by government-appointed officials. There’s no evidence of widespread monetary abuse, but that doesn’t matter on the extreme right.
To me the short answer is that the far Republican fringe thinks that the government shouldn't be taxing or regulating, and they see crypto as a way to essentially cheat this terrible communist agenda that wants to take their stuff. Tying this also into the closest thing to carrying around gold, but far more convenient. Though who is going to accept their crypto as payment is a funny question to pose.
To be sure, Democrats run crypto companies and invest in crypto. But they don't treat it with cult like status and name it after political slogans AFAIK.
