Economist Alex Krüger believes the launch of the TRUMP memecoin signals a major shift in how crypto is used. He claims it’s ushering in “a new paradigm of capital formation via crypto.”
Billions Raised, Innovation Sparked?
Krüger points to the billions of dollars raised in just days after the TRUMP coin’s release as evidence. He suggests this could lead to a wave of similar “national coins” issued by governments for various purposes. These coins, he predicts, could be used for everything from replenishing central bank reserves to funding social programs. While acknowledging the idea might sound far-fetched, he believes it’s a likely future development, though it would need new regulations. He also expects a flood of new celebrity and charity coins to follow.
Dismissing the Naysayers
Krüger dismisses concerns that the TRUMP coin launch is bad for crypto. He calls the idea “idiotic,” arguing that people are letting their feelings about Trump or short-term price fluctuations cloud their judgment. At the time of writing, TRUMP was trading at $34.02 with a market cap of $6.825 billion.
Disclaimer: This information is for general knowledge and shouldn’t be considered investment advice. Always do your own research before investing in cryptocurrencies.
/p>
