President-elect Trump launched his own cryptocurrency overnight and swiftly appeared to make more than $25 billion on paper for himself and his companies.
Why it matters: The stunning launch of $TRUMP caught the entire industry off-guard, and speaks to both his personal influence and the ascendancy of cryptocurrency in his administration.
- It also speaks to the nature of the crypto industry that someone could have $25 billion worth of something that literally did not exist 24 hours previously.
There’s that, but then again if I would have had managed to exit before the crash (which apparently already somewhat happened) I would’ve been practically stealing money from some MAGAs. But probably only those MAGAs who least deserve to be stolen from. The actual demons know exactly when to exit and are only going to profit from this.
You still would have helped Trump make money.