Balaji, the former Chief Technology Officer of Coinbase, wrote about the "first cryptocurrency president" in his tweet, pointing out that the sudden surge of Trump's $TRUMP meme coin has ushered in a new era of the integration of cryptocurrencies and politics. If airdrops and regulatory compliance are implemented, its influence may reshape the rules and wealth structure of the global cryptocurrency market.
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ToggleWhat does $TRUMP bring as Trump takes office?
Balaji pointed out that the proportion of cryptocurrencies in the net worth of the incoming US President Trump has skyrocketed overnight (worth about $59 billion); what he has changed is not only his asset allocation, but also the far-reaching impact on the global political and financial markets.
The growth of cryptocurrency allocation is imperative as fiat currencies depreciate
Balaji believes that the huge changes in Trump's asset allocation seem to have unveiled the potential future trend:
As fiat currencies decline in relative value, billions of people around the world may experience similar investment structure reorganizations, and cryptocurrencies may become the new carriers of wealth.
He added, "This rapid rise of cryptocurrencies in asset allocation is similar to the experience of early Bitcoin, Ethereum and Solana investors."
Will it trigger a celebrity coin issuance trend?
At the same time, the successful launch of the $TRUMP meme coin has attracted the attention of global politicians, celebrities and internet influencers. They are closely monitoring the political and financial implications of this phenomenon:
If $TRUMP can continue to exist, it may prompt other celebrities to issue their own meme coins.
Currently, from Tesla CEO Musk to the Bitcoin President of El Salvador, Nayib Bukele, they are all the focus of close attention from the community.
Promote cryptocurrency compliance and resolve conflicts of interest through public welfare
With the issuance of his own token, Trump now has a stronger incentive to promote the legalization of cryptocurrencies, which has become one of his key political strategies. Even though it may raise controversies over conflicts of interest, Trump may claim that his approach is transparent, thereby defusing related criticisms.
In addition, Balaji also jokingly suggested that Trump could consider airdropping $TRUMP assets to supporters or all American citizens to eliminate concerns about conflicts of interest:
He could airdrop $100 worth of $TRUMP to 77 million supporters, costing only $7.7 billion, but significantly expanding the base of support.
He added, "This will create a new social contract, establishing a direct connection between the government and the people."
Can the $TRUMP craze continue?
Facing the rise and fall of many celebrity tokens in the cryptocurrency field, Balaji pointed out that $TRUMP has unique advantages that make it different from other meme coins:
- Over 100 million potential fans
- Constant media exposure every day
- Presidential immunity
- Control over the government
These factors may give $TRUMP greater resilience, but its long-term performance still needs to be observed.
As of the editorial deadline, the trading price of the $TRUMP token on Binance was around $58, with intraday volatility reaching 47%.
New possibilities in the era of crypto-equity
Finally, in Balaji's latest tweet, he also mentioned that the current phenomenon may also drive the birth of the "crypto-equity" market:
Transferring equity from traditional spreadsheets and stock exchanges to the blockchain not only improves technical efficiency and transparency, but also attracts global investors to participate.
And it is supplemented that "smart contracts can also realize functions such as asset lock-up, dividend distribution and repurchase, with comprehensive and complete functions."
Now, the success of the Trump meme coin may change the rules of the cryptocurrency market, and will usher in a new era of the integration of cryptocurrencies and politics, and we are at the beginning of this transformation.
Risk Warning
Cryptocurrency investment is highly risky, and its price may fluctuate violently, and you may lose all your principal. Please carefully evaluate the risks.
