Summary
- Jeff Dorman, Chief Investment Officer, stated that President Trump's Meme Coin issuance has opened a new era of adoption in the virtual asset industry.
- He emphasized that Trump's virtual asset issuance has eliminated the need to fear regulatory agencies.
- It is anticipated that various companies and organizations will likely use Meme Coins as a new bootstrapping mechanism.
The issuance of a Meme Coin by Donald Trump, the President-elect of the United States, has ushered in an era of massive adoption across the virtual asset (cryptocurrency) industry, according to some opinions.
On the 20th (local time), Jeff Dorman, Chief Investment Officer at Arca, stated, "Trump's Meme Coin has opened a new era for the digital asset industry," emphasizing that "now that President Donald Trump has become a virtual asset issuer and investor, there is no need to fear regulatory agencies."
He also predicted that Trump's issuance of a Meme Coin would widely publicize new use cases for blockchain.
He anticipated, "Just as various companies like Walmart, Domino, and JP Morgan began utilizing the internet after the dot-com boom, following Trump's Meme Coin issuance, all companies, local governments, universities, and personal brands will be able to use Meme Coins as a bootstrapping mechanism."
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