Kelvin Koh
Kelvin Koh|Jan 22, 2025 04:09
Seeing quite a number of tweets in thepast few days criticizing the launch of TRUMP token as being net negative for the ecosystem given that it sucked liquidity away from most altcoins. I have a different perspective, even though my altcoin bags are down also. I see the TRUMP token as a real time market indicator for how crypto investors think President Trump is doing with respect to his crypto initiatives. And the fact that Trump insiders own so much of it means that they are heavily incentivized to make sure it goes up in value, which ties directly to real world actions they need to take to grow the crypto space. As crypto market participants, we can't on the one hand claim that Trump's tenor is bullish for crypto and will usher in a golden age for crypto, and yet bearish on TRUMP. That makes no sense. Based on what he has done so far in the past few days (World Liberty Financial, TRUMP token launch, new SEC crypto task force, pardoning Ross Ulbricht), I think we are doing to be surprised to the upside.
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