Bernstein: "Trump's Meme Coin Launch Opens New Virtual Asset Market"

Source
Suehyeon Lee

Summary

  • Trump's meme coin launch is analyzed as a signal marking the beginning of a new virtual asset market.
  • Meme coins are said to offer opportunities for innovation to virtual asset developers.
  • It was reported that politicians could directly appeal to the public and raise funds through meme coins.

An analysis has emerged suggesting that the launch of a meme coin by Donald Trump, the President of the United States, has opened a new virtual asset (cryptocurrency) market.

According to Decrypt on the 21st (local time), Bernstein stated, "A new chaotic virtual asset era has begun with Donald Trump's inauguration," and analyzed that "Trump has his own meme coin, signaling the advent of a new virtual asset era."

Furthermore, they added, "The launch of meme coins allows virtual asset developers to accelerate innovation, and for politicians, it provides a means to directly appeal to the public and raise funds."

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Suehyeon Lee

shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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