Why So Many Crypto Experts Hate Trump's Meme Coins | WSJ

President Trump’s cryptocurrency meme coin $TRUMP has already earned him billions of dollars on paper, but this is one of the most controversial investments ever made by a commander-in-chief. Trump has a long history of cashing in on his personal brand through products like shoes, guitars and bibles, but to many in the crypto world, his meme coin ventures are his most naked and predatory money grab yet. Once a bitcoin skeptic, Trump has promised to make the U.S. “the crypto capital of the planet.”

WSJ explores why the Trump meme coin and Melania meme coin are so unprecedented and why they’re so controversial to the crypto industry.

Chapters:
0:00 Trump’s meme coin
0:26 The Trump brand and crypto
2:44 Meme coin launch and ethical concerns
5:35 Meme coins, explained

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#Trump #Crypto #WSJ

[SalmanKhan-zezh]

Did anyone else attend the Scamming 101 course at Trump University?

[MAHDl]

A scam artist is scamming his followers?

[MSSIAH-]

Pssst. Trump is a con man. The meme coins was just the beginning. How do you think Trump is going to pay off his lawsuits and enrich himself? Elon, foreign gov, bribes etc etc.

[cuddlepoo]

Just another ripoff of his supporters.

[ZiggyBoon]

The Trump meme coins are the essence of what Trump the person is: An opportunistic grifter.

[Vader-twgg]

Vote a Joker to power
Watch a circus in an hour.

[KATHERINE-bnnn]

Plus, super unethical whilst in office

[zettaiengineer]

No surprise for a "billionaire" who convinced working class people to give him money.

[Pikestnt]

I’m still waiting for my 2007 Trump Steak to go up in value. I’m beginning to think I should have just eaten it.

[ChristianDoretti]

Voidzilla on WSJ wasn’t on my agenda😂😂😂

[Fgji]

Milei, facing calls for impeachment, down in Argentina. Launch of coin, libra, wasn't well received. $4.5 billion in market cap raised and lost in 5 hours.

[oliviao]

The repeated cruelty of lying to the working class never resonates with those people, revealing their fraud.

[kepe]

Just look what just happened in Argentina 🇦🇷

[kevinbowers]

Trump steaks, Trump University, Trump Casino remember those gems..

[arnoldspitz]

Emily’s analysis skills are highly impressive, and Her service delivery is top-notch. I am immensely grateful for Her assistance which has transformed me into a much better and more profitable trader.

[Travelbythought]

I generally support Trump, and am not into crypto, but I am not a fan of his Trump coin project. Politics should not be used as a get rich scheme. It sets a bad example for others.

[ktuma]

Your video serves as a calming beacon, particularly when financial markets are in tumult. Your analysis offers a prudent course of action, fitting seamlessly with the current stage of the economic cycle. Nonetheless, one cannot overlook the expanding mainstream adoption of cryptocurrencies since 2019, as well as the fervent discourse surrounding prospective XRP and XLM. Might these elements sustain the market in this particular cycle? Speculation abounds that we are on the verge of a significant market upswing, making this a moment of great import for any discerning investor. My own portfolio, enriched by 35 bitcoins in a mere seven-week interval, serves as a compelling testament to Roviaro Valerio financial wisdom

[tailwhup]

I can’t believe at one point I was actually a trump fan. I’m ashamed, but I’ll admit when I’m wrong and I was wrong. he’s a conman.

[yotest]

He did it and his acolyte in Argentina did it too

[local]

He would say anything to avoid criminal convictions.