jakiro
Author: Lou Kerner Source: medium Translation: Shan Oppa, Bitchain Vision
Trump announced the launch of $TRUMP on Truth Social at 9 p.m. Thursday at 9 p.m. (45 minutes before it was announced on Twitter).
I entered the crypto space in June 2017, partly because I don’t think the U.S. government is our friend, and this has been proven through numerous events, including Operation Choke Point.
I also entered the crypto world because, according to Ray Dario’s chart (see below), I believe the United States is inevitably heading for recession, which is exactly the same fate as all empires.Interestingly, from the chart, the rise of the United States over 200 years is almost a straight line, no matter which faction the ruling party is, the same is true for the 60-year recession.
However, the best thing about Bitcoin is: Although government behavior will have an impact in the short term, in the long run, I personally think that none of these matters.
However, in the short term, government actions may still have a significant impact.I think $TRUMP is very good in the short term because:
Cryptocurrencies go mainstream and need people to take action
People need a reason to start with “zero”.The most favorable event I witnessed during my last 7 and a half years of crypto journey ahead of $TRUMP was the collapse of Silicon Valley Bank (SVB).In this regard, I have written:
Bitcoin soared 50%+ in the month after the crash.
According to Moonshot, within 24 hours of $TRUMP launch, 400,000 newcomers joined the cryptocurrency:
Who knows how many millions of people $TRUMP will bring into the crypto space?But this undoubtedly seems like an important moment in cryptocurrency history.Because once these people enter the crypto world, many will inevitably turn to Bitcoin and other tokens.
Who knows if they will add practical uses to $TRUMP?But designing some methods to drive demand over the next four years is simply simple.
My two predictions:
1.Trump will claim $TRUMP should be considered part of any crypto strategic reserve.
2.$TRUMP launches its own Layer 1 blockchain and ecosystem.If you were $TRUMP, wouldn’t you do that?Why keep all the value in Solana’s ecosystem?
I understand why many people think this is terrible for the industry, but I think they ignore the bigger picture.As Chris Burniske wrote about $TRUMP:
“Unrestricted innovation is wild and chaotic, sometimes extremely embarrassing – but it is indeed a microcosm of society as a whole. I encourage everyone to understand all aspects of things and their impact, even if the first reaction can be negative.”
