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Maddow Slams Trump and Calls Bitcoin ‘Scam’ – She Got These 5 Facts Wrong

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The Rhodes Scholar and liberal media commentator said in a segment that aired Thursday, March 6, that cryptocurrency is a scam. She also slammed the White House for “playing this game.”

President Donald Trump signed an executive order earlier that day establishing a national digital asset reserve.

White House crypto czar David Sacks said, “The US will not sell any Bitcoin deposited into the Reserve. It will be kept as a store of value. The Reserve is like a digital Fort Knox for the cryptocurrency, often called ‘digital gold.’”

“It’s worth looking at this crypto thing a little bit,” Maddow said on her show. “Only because it is a deeply, deeply old-fashioned simple scam. At this point, which points right to the White House.”

Here’s what Maddow said about Bitcoin and what she got wrong.

1. Unlike Beanies, Bitcoin’s Price Goes Up

“Helpfully, the broad strokes of crypto trading are not complicated,” Maddow said. “It’s like when there was the Beanie Baby craze in the late 1990s.”

“It was a Beanie Baby trading bubble,” she explained. “Other than some emotional value if you had one as a child, Beanie Babies did not have much inherent value.”

“But it was worth buying up a bunch of them because there was speculation on the premise that as collectibles, maybe one day your Beanie Babies collection could be worth a lot of money.”

There is, however, a key difference between Bitcoin and Beanie Babies. While Beanie Babies debuted in 1993 at the World Toy Fair in New York City, this toy fad reached its height six years later in 1999.

Following the dot com crash in 2000, the auction price frenzy for Babies never recovered to those levels again.

To get a realistic idea of the aftermarket value of stuffed toys, one need only study a local thrift store in their city. But unlike Beanie Babies, Bitcoin’s price has been going up ever since it launched on Jan. 3, 2009.

That’s 16 years of growth in daily exchange rate for the dollar that dwarves comparable ROIs from the highest- flying tech stocks in the stock market’s entire history.

During its periodic bear markets, which have so far occurred on a fairly predictable 4-year cycle, critics have repeatedly called Bitcoin a fad and declared it dead.

But every time the skeptics have turned out wrong when the price sets new all-time high records within four years. When it comes to historical records, there is no sensible comparison between Beanie Babies and Bitcoin.

While the toy collectibles peaked in 1999 and never recovered, Bitcoin created 84,000 new crypto millionaires in 2024, according to a report on CNBC.

2. Beanie Babies Markets Are Not Liquid or Transparent

“Cryptocurrencies operate on the same idea,” Maddow went on in her segment to say.

“They have no inherent value at all. The only value they have is that if you have some reason to believe that somebody else might want to buy them from you in the future.”

“What that means in very practical terms is that convincing other people that your crypto is popular and in demand— that is key to actually making money.”

But it’s not true that cryptocurrencies operate on the same idea as toy and fashion manias or that assets like Bitcoin have no inherent value.

Beanie Babies are not a financial product and do not bear qualities that would make them suitable for use as one. It is not as easy as sending an email to exchange a truckload of toy plushies, but it is very nearly that easy to exchange Bitcoin.

It’s also unfeasible to keep track of how many Beanie Babies are in the market and post up-to-the-minute daily trading data about each one.

It is not only feasible with Bitcoin and other cryptos like the ones going in the national reserve— computer developers engineered them that way.

That’s part of the value they provide that makes it possible to use these digital commodities as financial products and investment vehicles: liquidity and transparency.

3. Beanie Babies Are Not Durable and Fungible Like Crypto

Meanwhile, Beanie Babies are not durable and fungible like cryptocurrencies. Who wants someone else’s stuffed toy that they’ve been blowing their nose on and rubbing Cheeto grease into?

These inventories have market values that are highly sensitive to wear and tear, and the products are very vulnerable to deteriorating into a condition with a resale value marked well below retail.

Even when maintained in mint condition, after-market values for toy collectibles are more like the market for used automobiles. After being driven off the lot, they immediately and sharply depreciate.

The inventors of crypto assets BTC, on the other hand, paid careful attention to designing their economics or “tokenomics” to optimize them for resale value over time and for the foreseeable future.

Cryptocurrencies like the two mentioned above have supply limits that introduce scarcity economics. They are also not subject to deteriorating physical condition.

In fact, any unit of Bitcoin is always equal to any other equivalent unit in market value. This is called fungibility, and it is a system requirement for an asset to function as a currency.

4. Beanie Babies Are Not Scarce Like Bitcoin

“The idea of hyping cryptocurrency is that people should buy in soon, right?” Maddow continued on her show.

“Get in on the ground floor while it’s cheap because it’s about to go way up in value because there’s so much interest in it. If you get in on the ground floor now, then you’ll make a bundle. It’s the whole hype. It’s the whole scam.”

While it is true that participants in crypto markets may engage in inauthentic, hyped-up marketing tactics, that doesn’t make the underlying assets a scam.

Nor does it mean there aren’t more intelligent reasons why financial geniuses like BlackRock’s Larry Fink, Shark Tank panelist Kevin O’Leary, or Strategy’s Michael Saylor believe investing in Bitcoin and the blockchain is not only not a scam— but the next phase of developing the Internet and human civilization.

5. Bitcoin Commands Real Demand, Not Just Hype

After making all these mistakes in her broadcast, Maddow finally undid her own case completely with her closing thoughts on this segment.

“Imagine Trump had just announced that the US government was going to buy up tons of Beanie Babies,” the MSNBC host said. “We are going to establish a federal government reserve of billions of Beanie Babies.”

“What do you think would happen to the value of Beanie Babies? Turns out there’s a huge guaranteed buyer for these things. They’re buying billions of them.”

The answer to her question is: Their value would probably go up like most analysts expect of Bitcoin. Since there’s a huge guaranteed buyer and that buyer is the US government.

Not bad for a scam.

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Cryptocurrency

100,000,000 ADA: Price Crash Incoming Following Extreme Offloading?

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TL;DR

  • Large investors sold over $70M worth of ADA, increasing selling pressure and potentially triggering further declines.

  • Analysts see $0.80 as key resistance, while a potential US SEC approval of a spot ADA ETF could fuel future gains.

Whales are Cashing Out

Cardano’s ADA attempted to get back on the green track over the weekend, with its price briefly climbing to $0.75. In the past several hours, though, the bears retook control, and the valuation dropped to $0.71 (per CoinGecko’s data).

ADA Price
ADA Price, Source: CoinGecko

Some factors, including the recent whale activity, suggest that the pullback might intensify in the near future. The popular X user Ali Martinez revealed that large investors have sold over 100 million ADA in the last week. As of this writing, the stash equals more than $70 million.

Such sell-offs increase the token’s circulating supply, which could lead to a downward pressure on the price (assuming demand doesn’t catch up the pace). Additionally, those actions might trigger panic among smaller players, making them dump their holdings, too.

It is worth mentioning that a price correction for ADA has followed some of the previous offloads. At the start of February, whales parted with over 330 million tokens (worth almost $250 million at the time). ADA’s valuation tanked by more than 10% in the following days.

Price Predictions

Despite being deep into red territory on a monthly scale, ADA remains the subject of optimistic forecasts. The X user Joe Swanson recently claimed that the valuation needs to surpass $0.80 to confirm bullish momentum. 

“A reclaim flips resistance to support, setting up higher targets. Watch for volume surge,” the analyst added.

For his part, Dan Gambardello opined that Cardano’s “supertrend” remains on pace, envisioning a price explosion to as high as $12.

Meanwhile, some important events that could happen in the following months could fuel a significant rally. One example is the potential launch of a spot ADA exchange-traded fund (ETF). The product will allow investors to gain exposure to ADA without directly buying, holding, or managing the cryptocurrency. 

The world’s largest digital asset manager, Grayscale, displayed its intentions to introduce such an investment vehicle, and the US SEC has already acknowledged its application. According to Polymarket, the approval odds before the end of 2025 currently stand at almost 70%.

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House of Doge and Dogecoin Foundation Unveil Board-Elect, Advisors and Global Dogecoin Adoption Plans

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[PRESS RELEASE – Miami, FL, March 17th, 2025]

Board-Elect and Advisory Team Include Top Executives in Payments, Sports, and Global Food & Beverage, With Additional Members Being Announced In the Coming Weeks  

House of Doge has shared key details of its previously announced exclusive five-year partnership with the Dogecoin Foundation. This milestone partnership, aimed at advancing Dogecoin ($DOGE) as a widely accepted global currency, establishes House of Doge as the official and exclusive partner of the Dogecoin Foundation. Today, the team is unveiling details on their corporate strategy to drive large-scale adoption, as well as their distinguished Board of Directors-Elect and Advisory Board, which includes some of the top minds in payments, sports, global food and beverage, cryptocurrency, and technology. House of Doge will lead the initiative to integrate Dogecoin into mainstream commerce, corporate ecosystems, and everyday transactions worldwide.

At the heart of this partnership is a shared commitment to Dogecoin’s core philosophy: Doing Only Good Everyday (D.O.G.E.). By leveraging House of Doge’s strategic initiatives and corporate outreach, the Dogecoin Foundation can redouble its focus on open-source technology, accelerating Dogecoin’s adoption as a functional and accessible digital currency.

House of Doge Announces Board of Directors-Elect

The company has announced the Board-Elect who will provide strategic oversight as House of Doge advances its mission. The seats have been accepted, and all Directors-Elect are set to assume their official roles as soon as legally permitted following the closing of the previously announced public listing. House of Doge and the Doge Merger Sub are expected to complete the go-public transaction in the second quarter of 2025, as disclosed in the March 3, 2025, joint announcement.

The Board-Elect includes Sarosh Mistry, President and CEO of Sodexo North America, Timothy Stebbing, Executive Director and CTO of the Dogecoin Foundation, and Michael Galloro, Managing Partner at ALOE Finance. Additional board seats will be held by the incoming CEO, while the fifth seat will be occupied by a prominent attorney. Their names will be disclosed when legally permitted.

“The payments industry is rapidly evolving, and cryptocurrencies are at the very forefront of innovation as corporations look for integrations to streamline their business.” Said Sarosh Mistry, President and CEO of Sodexo North America and Director-Elect of House of Doge. “Spearheaded by House of Doge and the SuchPay platform, dogecoin payments will pave the way for major enterprises who process millions of transactions daily to access a fast, cost-efficient crypto payment system with lower fees than traditional credit card processors. “

“We are thrilled to have House of Doge as our official commercialization partner, and to sit on the board amongst this esteemed group,” said Timothy Stebbing, Director of the Dogecoin Foundation and member of the Board of Directors of House of Doge. “This partnership allows for the Foundation to focus on developing world-class open-source technology while House of Doge leads adoption efforts through corporate collaborations, infrastructure development, and education. We are confident that through this partnership 2025 will be a defining year for Dogecoin.”

Advisory Board Appointments

The Advisory Board brings together Jens Wiechers, Executive Director of the Dogecoin Foundation, Doug Wall, Managing Partner of Dallas based Crypto private equity firm Shadow Partners, and Roger Rai, Vice Chairman of the Toronto Blue Jays.

Roger Rai, Vice Chairman of the Major League Baseball’s Toronto Blue Jays and Director-Elect of House of Doge affirmed the enthusiasm, saying “Dogecoin has the most loyal, vibrant community that has a demographic in the sweet spot of sports fans that teams like the Blue Jays and major leagues from stick and ball sports to motor racing want to keep entertained. Implementing Dogecoin which is a fast and easy currency enhances the entire experience and why I’m supporting House of Doge.”

Executive Team Appointments

House of Doge has appointed a CEO and President, an exceptional team with longstanding expertise in payments and financial technology. This team most recently built and led a highly successful payment platform, which was in early 2025 acquired by one of the world’s largest financial processors. Aligned with the Board’s vision, they are passionate supporters of the Dogecoin mission. Their names and strategic roles will be announced as soon as legally permitted.

Expanding Partnerships for Widespread Dogecoin Adoption

House of Doge is in active discussions with no less than 20 corporate partners to drive Dogecoin adoption across industries. Potential partners span fast food chains, global retailers, global food service providers, city councils for payments and ticketing, professional sports leagues, auto dealerships, and travel companies. As interest continues to surge, the list of companies looking for Dogecoin integration expands daily.

Key Focus Areas of the Partnership

  • Payment Integration – House of Doge will help businesses seamlessly incorporate Dogecoin into their payment systems, ensuring fast and frictionless transactions.
  • Consulting and Education – Businesses and individuals will gain access to expert guidance, educational resources, and consulting services on integrating Dogecoin.
  • Infrastructure Development – Strengthening Dogecoin’s network infrastructure to support secure, scalable, and efficient transactions.
  • Research & Development Funding – Ongoing investment in technological advancements to keep Dogecoin at the forefront of digital currency innovation.

House of Doge is also in negotiations to introduce financial products and alternative investments, including the tokenization of Real World Assets (RWA). These initiatives will further enhance Dogecoin’s utility, positioning it as a foundational asset within the evolving digital financial ecosystem.

About House of Doge

House of Doge team believes the future of money is already digital, and with Dogecoin’s speed and efficiency, it’s the ideal solution for the modern financial ecosystem. The team’s goal is to make Dogecoin a widely accepted decentralized currency for everyday use worldwide. To achieve this, House of Doge focuses on aggregating Dogecoin liquidity through robust operations in the U.S., creating a strategic reserve that will support its seamless use in commerce and government transactions. They are building the infrastructure necessary to ensure secure, efficient, and scalable Dogecoin transactions.

About Dogecoin Foundation

The Dogecoin Foundation is a nonprofit organization committed to developing open-source technology that enhances Dogecoin’s accessibility and utility as a peer-to-peer digital currency.

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BinaryX Hits New ATH After 35% Pump, Could New Altcoin Solaxy Explode Next?

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BinaryX (BNX) has just shattered its previous all-time high after surging 35% in the past 24 hours.

This GameFi platform on the BNB Chain has caught fire – proving that the blockchain gaming sector is alive and well.

But could the new Solana Layer-2 project, Solaxy (SOLX), be the next altcoin to pump after BNX?

BinaryX Explodes as GameFi Platform Hits Record High

Think of BinaryX as a playground for blockchain-based games, where players can earn crypto and be entertained simultaneously.

Originally a derivatives platform, BinaryX made a shift to gaming and now hosts popular titles like CyberDragon and CyberChess.

But BinaryX offers more than just games.

It also provides a launchpad for other game developers, helping them get their projects off the ground with funding and support.

All of this is governed by the community – BNX holders get a say in how things are run through a DAO.

And this brings us to BNX’s latest rally.

The token hit a new all-time high of $1.98 earlier today, and though it has since cooled off slightly to around $1.72, the bulls remain in control.

Spot trading volumes have surged 306% to $637 million, making BNX the 14th most-traded crypto globally.

It’s even outpacing Litecoin and Sui in trading activity.

What’s Behind BinaryX’s Price Surge?

What’s behind BinaryX’s incredible rally?

It’s a combination of factors that all seem to be hitting at the same time.

First, there’s the FORM token swap situation.

BinaryX rebranded its launch platform from Four.Meme to just “Four” – but this caused a key issue.

Its native token, FOUR, is widely used in the meme coin sector, so the team has decided to change the ticker to FORM.

BNX holders will be able to swap their tokens for FORM at a 1:1 ratio.

This news has been well-received by the community, and with the swap kicking off this week, the excitement is clearly driving the price action.

Then there’s the token burn that occurred in July of last year.

That burn saw 74% of the BNX supply permanently destroyed – and the impacts are now being felt as the token rallies.

BNX’s technicals also look strong, with resistance around $1.25 being broken convincingly.

All of these factors help explain why BinaryX is the top altcoin gainer today.

Could This Solana Layer-2 Be the Next Crypto to Explode? Solaxy Raises $26.7M in Presale

Could Solaxy be the next to surge after BinaryX?

This new Layer-2 project, built specifically for Solana, has raised $26.7 million in its presale, with the native SOLX token currently priced at $0.001666.

Popular YouTuber ClayBro believes SOLX could “run fast” after the presale ends – but why all the hype?

The main reason is that Solaxy addresses Solana’s occasional hiccups.

These include congestion issues and failed transactions that often occur during peak times, such as meme coin launches.

Solaxy does this by bundling transactions off-chain, smoothing out the process, and then settling them on the main Solana blockchain.

The developers are also building a bridge between Solana and Ethereum, allowing assets to flow freely between the two.

And on top of all that, there’s a staking app for SOLX, offering huge APYs.

No wonder the token has been listed on popular crypto-ranking sites like CoinSniper and ICOBench.

Unlike established Layer-2s like Base or Arbitrum, Solaxy focuses solely on Solana, giving it a unique selling point.

Investors are excited about this, believing its potential first-mover advantage could lead to a massive price surge once SOLX hits the open market.

Members of Solaxy’s Telegram channel are confident this will be the case.

Only time will tell, but Solaxy is definitely one to watch for BinaryX-style gains once its presale ends.

Visit Solaxy Presale

Disclaimer: The above article is sponsored content; it’s written by a third party. CryptoPotato doesn’t endorse or assume responsibility for the content, advertising, products, quality, accuracy, or other materials on this page. Nothing in it should be construed as financial advice. Readers are strongly advised to verify the information independently and carefully before engaging with any company or project mentioned and do their own research. Investing in cryptocurrencies carries a risk of capital loss, and readers are also advised to consult a professional before making any decisions that may or may not be based on the above-sponsored content.

Readers are also advised to read CryptoPotato’s full disclaimer.

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