When Dropped coin with the slogan $TRUMP Friday No one was shocked by the evening. Or at least, they shouldn’t have been. He Has a tendency to self-promote and jump into things he feels he could make money out of, which often ends up in disaster. Some These ventures include Trump Airlines, Trump Vodka, Trump Steaks, Trump University, Trump Magazine, Trump Plaza Hotel You can also find out more about the following: Casino, Trump Mortgage, Trump: The Game. Crypto is the next game in town he’s decided to throw his hat into.
I’ve already written articles and talked at various lengths about Trump Leaning on the crypto-space to win votes during this election was in many respects quite successful. At Bitcoin Nashville In an attempt to raise support for the presidential campaign, this summer, Mr. Trump made a number of public appearances. Trump There are some noteworthy things to note, including America will become “the crypto capital of the planet and bitcoin superpower of the world,” that he would fire Gary GenslerHe wants to make all bitcoins remaining in America This is a highly unlikely scenario from the decentralized perspective. He Also famously, he said he would commute his sentence to Ross Ulbricht On, Day One, if I am the first one to acknowledge his efforts. (For You can find out more by watching this recent video. Reason Video on Why? Ross Then, you should free yourself.
Crypto It is a good idea to use a bilingual translator Donald Trump’s next frontier and combines several things he absolutely loves when it comes to business deals – Quick Self-promotion is a great way to make money. America The first message is sent, but there are few bureaucratic barriers. SoWhat is the Trump coin $?
It’s built on the Solana The blockchain has a supply total of one billion tokens. InitiallyCIC holds the rest of 800,000,000 tokens. 200 million can be circulated. DigitalA Trump Organization Affiliate, subject to three-year locking-up period. Trump family holds 80% of supply…). Following its launch, the $TRUMP coin's market cap surged, reaching approximately $6 billion. The coin's price peaked at $33.7. The As a way for Trump supporters to demonstrate their loyalty, the $TRUMP coins were marketed. Trump's ideals, rather than as an investment opportunity, which is hogwash for the pump and dump self-enrichment scheme that he is in my opinion immoral and unethical for creating, and investors (oops, guess we should say “fans”) are stupid for taking part in.
With On the occasion of the inauguration, Monday, we’re entering uncharted territory where it’s likely Trump Will issue Executive Orders The president’s lack of concern about legal issues, as well as the support from his supporters have me convinced that whatever he decides, he will be okay. As He famously quoted "I could stand in the middle of Fifth Avenue and shoot somebody, and I wouldn't lose any voters, OK?”
Some of these actions could be positive for the Bitcoin industry and advocates in the United States. But many of his actions could also equally benefit the broader crypto space that is rife with pump-and-dump scam coins and useless get rich quick schemes for wealthy insiders and people who have lobbied him throughout this last cycle. The pump and dump crypto landscape, his goofy coins and NFT’s, make sense to Trump. In fact, I’m betting he truly believes this is crypto’s purpose, while knowing little about Bitcoin. Trump has repeatedly said he has “fun with crypto” and ended his keynote address at the Bitcoin Conference this past summer by saying “have a good time with your bitcoin and your crypto and everything else that you're playing with.” Trump’s experience in and views of crypto and bitcoin are around fun and making easy money. But with Bitcoin, many of us in the space are fighting for much more, which includes Bitcoin’s many use-cases as censorship resistance digital currency, digital gold, a medium of exchange to use in self-custody and via privacy preserving tools, a powerful tool for human rights, and much more. This isn’t a gamble for us…it’s the future of money that challenges the dollar and central bank rule.
If Trump really began to grasp this, based on his track record and previous statements on Bitcoin, he’d be quite against this use of Bitcoin. Or perhaps he knows what Bitcoin is at some level, and would rather promote the “fun” meme coins, and maybe Bitcoin as digital gold, but nothing more. He did after all say in 2021, quite clearly, "BitcoinI think it’s a scam. I don't like it because it's another currency competing against the dollar." He added that he wanted the dollar to be "the currency of the world.” (For more on this concept I’d highly recommend following Mark Goodwin His work on Bitcoin Dollar is also noteworthy.
Trump wants you to keep playing with crypto, funneling money to his organizations, but it’s unlikely he’d be a fan of anyone using bitcoin as a competitor to the dollar, circumventing traditional finance or using privacy tools (particularly if you are an adversary or from what he deems a left/woke cause, which perhaps one day he’d classify our nonprofit The Progressive Bitcoiner as). I’ll keep promoting Bitcoin as resistance money, and hope you’ll join me, rather than endlessly gambling on crypto “and everything else you’re playing with.”
This This is a post written by a guest. Trey Walsh. Opinions BTC does not endorse the views or opinions of any third parties. Inc The following are some examples of how to use Bitcoin Magazine.
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