President-elect Trump launched his own cryptocurrency overnight and swiftly appeared to make more than $25 billion on paper for himself and his companies.
Why it matters: The stunning launch of $TRUMP caught the entire industry off-guard, and speaks to both his personal influence and the ascendancy of cryptocurrency in his administration.
- It also speaks to the nature of the crypto industry that someone could have $25 billion worth of something that literally did not exist 24 hours previously.
lol crypto is worth jack shit. I can just keep sending the same money to myself and it would cause the price to go up…
This isn’t your everyday crypto scheme.
This is foreign bribes being laundered.
That’s not how markets work…
it’s how crypto markets do. Since anonymity is a feature, any transactions will increase its value due to it being “used” more