jakiro
In the past two days, Trump’s popularity has continued to ferment in various media.Many people even called out that the crypto ecosystem is now the only one left in Bitcoin and Trump.
The reason for this statement is that on the one hand, Trump influenced the number of participants too large.
Previously, Trump had issued his own NFTs on both Polygon and Bitcoin, but those NFTs did not have such a big impact as Trump. The main reason may be:
– NFT has a very limited audience, far less theoretically than Meme Coin, which allows all users with crypto wallets to participate;
– NFT’s liquidity is not as good as Meme Coin, which allows participants to immediately realize their gains or losses, and have an immediate impact on the market.
On the other hand, the president’s issuance of coins has broken people’s perception.Everyone is worried that the trend of the crypto ecosystem will be highly tied to him in the next four years.
Why is he bound so closely alone?
In the past U.S. government, although officials were appointed by the president, officials often had greater discretion.Judging from Trump’s past style of conduct, the discretion of the officials he appointed may be very limited. As long as they are not in line with his wishes, they can be replaced at any time–even the Secretary of State cannot be spared.
Therefore, the US crypto policy in the next four years can be said to be basically his policy.
And this person who really formulates the policy is extremely uncertain in his actions.
Finally, this person who influences the crypto ecosystem has now involved too deep and too large interest relations in the ecology, and will affect all aspects of the entire crypto ecosystem for a considerable period of time.
I have always believed that the biggest driver of meme coins is emotions, and the duration of emotions can last is very limited.
Starting from Dogecoin, only Dogecoin’s popularity has continued to this day among all the meme coins so far.All other meme coins (including SHIB that created the myths back then) slowly faded out of the public’s vision as the public sentiment faded.
The reason why Dogecoin’s popularity has continued to this day is because Musk continues to “bless” and has come to this day.
The reason why Musk’s blessing can continue to work is essentially because he has made amazing progress and impressive results in several disruptive technology industries at the same time and has repeatedly hinted from time to time that he will bring the business dividends of these industries andDogecoin peg.
Now the story of Musk’s blessing on Dogecoin will be repeated on Trump’s blessing on Trump.
But there are still big differences in the blessings of the two:
Musk’s blessing is at most to let people see the possible prospects and potential narratives of Dogecoin————————————————————————————————————————————————————————————————————————————Almost no effect.
But Trump’s blessing will not only affect Trump’s possible prospects and potential narratives–he will affect the development of all areas of the entire crypto ecosystem, because his personal views, where he is, and the power in his hands will affect American cryptocurrencyPolicy directions, such as:
– Bitcoin is included in the U.S. National Reserve
– Compliance operations of crypto assets
– Rules for issuing crypto assets
– Tax issues with crypto assets
– POS staking issue
……
We can make a long list of just thinking about it.
More complicated is that he issued his own meme coin, which inevitably leads to a major conflict of interest with the crypto ecosystem in many aspects:
A typical phenomenon is the seesaw effect of Trump and other crypto assets during this period: Trump rises, other coins generally falls; Trump falls, other coins resume rising.Every such fluctuation affects almost all participants in the crypto ecosystem.
What will he do in the future when his crypto policy and Trump token inevitably create conflicts of interest?
If Trump coins had previously brought the widely circulated wealth effect and stories of getting rich to the crypto ecosystem, I think what is more worrying about next is what negative impact Trump coins will bring to the crypto ecosystem andEmotional fluctuations.
I am particularly worried that when the interests of Trump tokens conflict with the overall interests of the crypto ecosystem, he will make obvious biased decisions, and this decision will affect the supervision of the crypto ecosystem in the future and other countries around the world.manner.
