Bernstein analysts think it was a controversial move. Solana, President Trump meme launch Friday should be seen as an opportunity by investors—even if some in the crypto industry considered it a "cringe" move.
Investment analysts at the firm predicted that the future of the digital assets industry was to be dominated by blockchain technology. “chaotic,” But that doesn’t mean people shouldn’t invest in the things they consider to be good investments “more valuable” Parts of space
Donald Trump became the 47th president of the United States of America on Monday. His team had been preparing for weeks. Released A Solana meme coin is one of the largest cryptocurrencies in terms of market capitalization. The President Campaigning Help the industry by reducing regulation.
“Whichever way you see it, we think a new chaotic crypto era is here,” The Monday Report is available.
“The President of America has his own coin,” Bernstein continued. “Our view would be to view the event as a signal that a new crypto regulatory era is here to stay and invest in the more valuable parts of the ecosystem.”
Analysts added that meme coins could inspire builders to innovate. Bernstein said that Trump would also have gained from having the extra space. “crypto tech allows politicians to go direct to the audience to crowdfund their election campaign and garner support.”
Donald Trump’s meme token TRUMP is the 28th largest cryptocurrency. The market cap was once over $14 billion. Data from CoinGecko shows that the figure is now around $8 billion.
Insiders in the crypto-industry and their influencers were divided on whether or not this project was good. —digital assets based on internet culture and jokes—usually have no utility other than to make some lucky investors huge returns.
BitcoinBefore Trump’s inauguration, has risen to new heights of almost $109,000. It’s Now Trading About $104,000. In a speech late on Sunday, President Obama alluded the rapid growth of cryptocurrency and hinted that he was responsible.
Editor by Andrew Hayward