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The Conversation
Erran Carmel, Professor of Business, American University Kogod School of Business

Crypto is soaring after Trump’s election − but is it a good ethical investment?

Crypto Bitcoin Cryptocurrency the Federal Reserve BitConnect The United States United States
A woman reviews Bitcoin prices outside a Bitcoin ATM on Aug. 4, 2024, in Rzeszow, Poland. Artur Widak/NurPhoto via Getty Images

An estimated 18 million Americans are invested in cryptocurrency, according to the Federal Reserve. And the United States just elected a pro-crypto president.

Cryptocurrencies such as Bitcoin have become a trendy digital asset. Supporters claim that crypto subverts capitalism because it bypasses traditional bankers. Crypto can offer quick riches along with an air of high-tech sophistication.

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