The President's Portfolio: Why Trump's Crypto Stock Moves Are a Political Signal, Not a Market Signal

The code does not lie; only the founders do. That principle applies to balance sheets as much as it applies to smart contracts. I have spent the last decade dissecting the mechanics of crypto markets, from reentrancy exploits to algorithmic stablecoin failures. So, when I see a headline about a political figure's stock trades, I do not look at the narrative. I look at the numbers. Specifically, I look at what the numbers do not say.