Bloomberg: Trump's issuance of Meme coins is reigniting the cryptocurrency craze

According to BlockBeats, on January 20th, according to Bloomberg, Bitcoin soared to a record high of $109588. Trump and his wife Melania issued Meme coins over the weekend, which quickly skyrocketed in value and sparked criticism from cryptocurrency industry executives that these tokens weakened the credibility of the industry. Despite the small print on the website stating that its token is not an "investment opportunity, investment contract, or any form of security," Trump fans who are passionate about encryption immediately started buying it. The market value of Meme coin issued by Trump once reached $15 billion, but then briefly fell below $8 billion after Melania's token stole some attention. This further proves that Trump's election as the President of the United States is leading a new era of cryptocurrency fever.