I was zonking out in front of the screen during a particularly tedious Zoom meeting when a statement of unmitigated gall woke me up: “Trump’s election is a dream come true,” the crypto captain told us, his face glowing with glee. I shouldn’t have been surprised: he happened to be sitting on a big pile of bitcoin, which had appreciated nearly 40 per cent since Donald Trump beat Kamala Harris.

Now, this crypto baron was not as pleased as Marc Andreessen, Silicon Valley’s top venture capitalist and a particularly loud crypto booster. Because the Biden administration’s policies amounted to “repression,” for him Trump’s victory has “felt like a boot off the throat  …  Every morning I wake up happier than the day before.”

Project Syndicate