Are the tech billionaires taking over?
How a burgeoning class of billionaires envisions the future.
According to a recent financial disclosure, President Trump made more than $1.4 billion last year from business dealings in cryptocurrency. Though the White House has denied Trump was profiting from the presidency, he has been championing crypto in recent days — describing himself in one news conference as a, "big crypto guy".
Trump’s embrace of crypto raises big questions about the future of the technology. But according to the new Ä¢¹½¶ÌÊÓÆµ documentary, 'The Tech Billionaire Takeover', Trump’s support is just a fraction of the story. Presenter Matt Shea shows how cryptocurrency’s wealthiest advocates are steadily growing their power, and in some cases, even advocating for a total overhaul of government and commerce as we know it.
Today, Shea joins us to explain what the tech billionaire takeover really is - and whether it is already begun.
Audio for this episode was updated on 14 July to correct a factual error. The original audio said that the Trump family receives 75% of net profit every time the USD1 coin is sold. In fact, they receive 75% of net profit from a different crypto coin called $WLFI.
(Photo: Reporter Matt Shea with Crypto billionaire Justin Sun in Hong Kong. Credit: Ä¢¹½¶ÌÊÓÆµ)
Producers: Xandra Ellin and Aron Keller
Executive producer: Bridget Harney
Sound engineer: Travis Evans
Senior news editor: China Collins
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