President Trump’s Cryptocurrency $TRUMP: Good Idea or Bad Call?

Photo by Luke Stackpoole on Unsplash

The date was January 20, 2025. This was when President Donald Trump stepped back into the Oval Office. Nobody could’ve seen what he was going to do before entering office.

He dropped a bombshell on the cryptocurrency world by launching his own cryptocurrency — the $TRUMP memecoin.

No President had ever done this before.

Heck, no celebrity or influential person at this level had done something at this level.

Interestingly, this unprecedented move sent quite the shockwave through both political and crypto circles.

Was this going to be great for cryptocurrencies and Bitcoin?

A Feeling Of Euphoria

What followed after the news and announcement of the release was nothing short of mayhem and chaos.

It was clear FOMO.

The market cap of $TRUMP almost touched $30 billion. For reference, Solana, the cryptocurrency with the 6th highest market cap, has a market cap of $90 billion.

It was absolutely insane to watch.

Investors couldn’t help but feel ecstatic about this. A President created his own memecoin.