2025 Celebrity Coin Issuance Collective Collapse, Half Cut Again Many brothers ask me: What is the logic behind celebrities issuing coins? These digital assets backed by personal reputation, Is TMD a wealth code or a foam trap? When the consensus on the value of currency shifts from individual institutional credit to celebrity and national prestige, Is a game of trust and scarcity redefining the cryptocurrency industry? one ️⃣ First, let's take a look at the paper currency. The emergence of paper currency was earth shattering. Metal currency requires mining, human and material resources, and metals, especially gold and silver, are scarce. Scarcity means that people's demand exceeds the supply quantity. To achieve it, one must pay a price. This is the value. Paper is not scarce, paper currency can flood at any time. The reason for the economic collapse of the Yuan Dynasty was the indiscriminate printing of paper currency. But later on, paper currency became popular and completely replaced metal currency. It is because the central bank established by the government artificially controls the supply of paper currency. More importantly, the government is a long-term presence and can compel everyone to use it. People accept paper currency out of confidence in the above. That is to say, the value of paper currency comes from trust and the consensus formed from it. Looking at Bitcoin again, this is the most profound and dramatic currency revolution since paper currency. How can Bitcoin be valuable without government endorsement and without even physical assets? Because Bitcoin is built on the foundation of blockchain. Blockchain is an immutable transaction record. The immutability is due to the protection provided by encryption technology, which has a high cost of modification and is therefore extremely reliable, which creates trust. In addition, Bitcoin is released according to a program or algorithm, with a fixed quantity and scarcity. Mining, which is the process of finding specific random numbers, incurs actual costs. two ️⃣ Let's take another look at celebrity coins. Celebrities are scarce, so they are called celebrities. Others are just personal names. Celebrities also have their recognized side because they excel in certain aspects. This has led people to trust celebrities, at least in some aspects, forming a consensus. This is the mass base for them to issue coins. Celebrities have face, and we often say to give them convenience or face based on my reputation. This face saving is a credibility guarantee that will bring value. Guarantee is based on this principle. Unlike works, the works of a celebrity painter are inherently valuable, but also due to their scarcity. After the emergence of blockchain, the value of this aspect is reflected in NFTs. Celebrity coins are not NFTs, they rely purely on the reputation of celebrities themselves. For example, Trump, as well as his wife and children, have all issued coins. Because they are the first family in the United States, they are considered scarce. It cannot be denied that the President and his family have credibility. Trump has taken advantage of it, and some say he has betrayed people's trust. For example, Xue Manzi is also issuing coins. Xue Manzi is a celebrity, although he also has an unpleasant past. But his past glorious experiences are rare and unparalleled. The so-called unbearable past, in an open 🌼 Society is certainly ugly in name, but it cannot be called evil. There have been many such notorious figures in history, some of whom still hold great fame, such as Martin Luther King Jr. In the cryptocurrency community, due to years of active participation, Xue Manzi's appeal ranks among the top. This is not to say that he truly understands cryptocurrency technology, but rather that everyone knows him and it is difficult for others to replace him. Additionally, he has another advantage, which is honesty and openness. This has increased everyone's trust again. Someone said he cheated on food and drink, but I think to be honest, this accusation is not very valid. Others use their influence instead of real money and silver, and their promotion for you is considered their investment. Recently, it was rumored that he had passed away, causing a huge public opinion storm, which shows that his influence cannot be underestimated. Some people may ask if this is Xue Manzi's self promotion or if someone is blacklisting him? It should be the latter. Because the value of Xue Manzi's coin relies entirely on his existence. If he no longer exists, this coin will immediately reset to zero (although he may also reset to zero if he exists). So he spread a rumor and said that he was in good health and would continue to live for a long time. The people who criticize him may be due to investment losses or jealousy from peers. Xue's coin has a minting process that has already involved over 10000 people. The minting process involves endorsing it for others to see. Everyone hopes to make money with Xue Manzi's fame. Argentine President Millet, who is a super fan of Trump and a so-called Austrian economist, also supports cryptocurrency. He once threatened to abolish the central bank. Many people like him, but I am not optimistic about this person, nor am I optimistic about Argentina's economy. Populism is not good for the economy. He also issued personal currency. He first publicly admitted that he was the one who issued the coin, but immediately deleted the relevant information, and the coin immediately approached zero. Millet belongs to the category that is both appropriate and upright. This undermines the value foundation of celebrity coins. He is not as good as Xue Manzi in this regard. The leader of another African country also issued currency. But it cannot be compared to Trump. Because the influence is too small. It can be expected that celebrity coin issuance will continue and may become popular. Because currency is not actually mysterious. It's just a game that fans enjoy endlessly because of trust. In the short term, celebrity coins have drained liquidity, but in the long term, they have indeed brought a lot of new traffic to the cryptocurrency industry. Life is like a dream and a play, and ultimately BTC is the true value.