Donald Trump has already begun to contradict to some of his allies. The sector of cryptocurrenciesthat the president embraced in his campaign Presidential while sending millions of dollars in donations, it now has high expectations put in the Promised deregulation. But, three days before his investiture, Trump launched his own cryptocurrency. Specifically, one ‘Memecoin’ (Literally, a ‘meme currency’) that It does not have none current value but they only have one speculative function. This gesture, read as a Power exhibition for only lucrative purposes, He sat like a jug of cold water In a sector that feels years fighting why Take seriously and advances the multiple conflicts of interest to have an entrepreneur to take advantage of the White House.
In just two days, Trump’s cryptocurrency reached a Total hypothetical value of 72,000 million dollarsaccording to the family business Trump Organization, which is the last owner of the 80% assetsthat is some 58,000 million dollars. This would have turned him little) into One of the richest people on the planet. However, this is a theoretical assessment, since it was based on a fictional calculation of all the currencies that expect to put into circulation, of which they have only put 20%. In addition, they are tremendously Volatile. In fact, after 24 hours, his wife, The first lady took out a coin identical with his name, Melaniaand the displacement of some of the buyers from one product to another made the ‘Memecoin ‘presidential will devalue to the half.
Of the joke to speculation
Las ‘Memecoins’ are not a real currencyunlike for example bitcoin y etherthe two best known, which were created in an attempt to emulate and improve the traditional money courseespecially pay purchases online. The first ‘memecoin’ in history (and also the most valuable to date) is called Dogecoin (from the English ‘dog’, dog), since it began with a Photo of a dog what had been done viral and that became the face stamped on the currency icon. Many ‘memecoins’ have the pet symbol, but Trump’s uses a image of the Republican with the fist at high After the shot he received in his ear in a campaign rally.
The only utility of the ‘memecoins’ is collect them or raise money by buying them and selling them at a higher price. This is what the Trump family and its closest circle are doing. Shortly before the elections, Trump, his three children and one of his main advisors announced the creation of a company called World Liberty Financialwhich was dedicated to the purchase and sale of cryptocurrencies. He maintained a low profile until last Sunday, the eve of Trump’s investiture, when a family friend investor bought assets from World Liberty Financial by value of value of value $ 145,000. Since then, renamed $ Trump, they have been sold at an increasingly high price. The firm has raised at least 300 million dollars Since it was founded in October, mainly from the Trump and Melania coins.
The creators of Dogecoin, some skeptics Of the cryptocurrencies, they threw it for make fun Of those who believed in them but, paradoxically, to which this kind of joke made them funny, they started buying them, raising their theoretical price. In the same way as if it were a shirt or a cap of campaign merchandisinglos more faithful followers Trump and also entrepreneurs who want to bring positions, launched to buy the currency with the image of Trump, making him win, at least theoretically, a lot of money.
The promise to the sector
Trump passed of hate to love for cryptocurrencies After a meeting with ‘crypt’ businessmen in June, during the campaign, in his Mar-A-Lago mansion in Florida. After meeting hours, the Republican published on its social truth platform that Cryptodivisas users should “Trump! “Because he would face”Biden hate towards Bitcoin“. Your promise: deregulate the sector.
He enthusiasm He translated into money. It is calculated that The ‘crypt’ industry invested at least 131 million dollars in the elections From 2024 to Congress and Senate, while Crypto multimillionaires supported Trump individually. Only for the day of the investiture, the sector put 10 million dollars to pay the event. Trump has already rewarded his support.
In his first days in office, he has signed Executive orders to revoke the control measuresl that he had approved his Democratic predecessor. The approved measures establish a working group to work in legislation that covers growth from the sector and open the door to one of the main demands: Create a National Reserve of Digital Coins controlled by the government, in the style of a central bank that guarantees stability Economic.
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