Bitcoin @ $100,000 on Trump's Inauguration Day

[NickyLouie]

79,455.14USD

 

Following

+2,717.73 (3.54%)today

 

 

Things are looking very nice 

 

[Digitalbanana]

All of us were very excited when Trump promised a new, crypto-friendly administration. We weren’t exactly sure what that meant, but clearly it had to be good news. But hold on, not so fast Sparky. Gary Gensler was still packing up his office when grifting season 2.0 officially opened. It didn’t take long for $TRUMP coin to kick-off the new Trump-and-dump economy. Everyone should be a little concerned when as leader of the free world, your first action is to launch the world’s largest meme coin Ponzi scheme. For your second act, of course make sure your wife gets in on the fun. Don’t worry though, no rich people were harmed during the middle of the night crypto launches. As oligarchs around the world rejoice, the average self-directed investor has to wonder how they can compete. How is this presidential and does anyone else worry about the future of marketplace integrity and the unapologetic abuse of power? At tasty we have spent our entire careers trying to level the financial playing field for individual investors. We believe in the American dream and in entrepreneurship through goodwill. So, what kind of message does it send to hard working, honest Americans when their new first family is Hawk Tuah’ing worthless meme coins with the sole intent to pocket tens of billions of dollars? If this is what judicial and political reform looks like, our democracy is in big trouble. The unmistakable silence from the new and gutless Washington D.C. swamp is telling. Imagine if Joe Biden had launched the Ponzi economy? Remember, these are the same people who lost their minds over Nancy Pelosi trading for peanuts. Be careful what you wish for America, eventually the suckers run out of money… 

 

Tom Sosnoff 2025-01-21

[bunnydrops]

I like this from Morningstar

 

"The price of the Trump Coin (TRUMPUSD) peaked at over $75 before plunging to the vicinity of $40 after the Melania Coin was announced on the former and incoming first lady's social-media account. Trump Coin then recovered to $63 before again falling to below $55. It had fallen further, to the vicinity of $44, by the time Trump was sworn in at the U.S. Capitol.

Neither the Trump Coin nor the Melania Coin has any underlying value. The Melania Coin's website characterizes the coins bearing her name as "not financial instruments or investments" and says that they are for "collecting and entertainment purposes only."

Trump Coin's valuation per available supply was $11 billion - ranking as one of the top 20, according to CoinMarketCap - and Melania Coin's was $2 billion. More of the coin supply will vest over time - Melania's in as little as a month, and the president-elect's in as little as three months.

Trump Coin's metIt appears the launch of the Melania Coin was hastily arranged after the eoric rise."

https://www.morningstar.com/news/marketwatch/2025012084/trump-coin-crashes-and-recovers-after-melania-coin-launch-whats-next-for-the-incoming-first-family-and-the-crypto-industry

[Will B Good]

Good luck