Summary
- Bernstein predicts that the issuance of Trump's meme coin will bring a paradigm shift in the crypto asset industry.
- The Official Trump Coin showed a tremendous surge, entering the top 20 in market capitalization.
- Bernstein emphasized that this signifies an era where governments can directly engage with the public using crypto assets.
The issuance of a meme coin by Donald Trump, the President-elect of the United States, is expected to bring a paradigm shift in the crypto asset (cryptocurrency) industry.
According to The Block on the 20th (local time), global investment bank Bernstein emphasized, "Trump's issuance of a meme coin signifies the arrival of an era where governments can directly engage with the public using crypto assets."
President Donald Trump launched the Official Trump Meme Coin based on the Solana blockchain ahead of his inauguration. The Official Trump Coin recorded a tremendous surge over the weekend, entering the top 20 in crypto asset market capitalization.
Bernstein explained, "Previously, it was difficult to actively expand businesses due to significant crackdowns on U.S. crypto asset builders and enforcement actions related to token activities, but with Trump directly launching a token, we can see that a new regulatory era has arrived."
YM Lee
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