Author: Bo Wen
Everyone knows that the market will fluctuate before Trump officially takes office; but no one could have imagined that Trump would actually issue a coin himself.
Bai Lu believes that Trump's coin issuance will have three impacts:
First, Bitcoin will be completely legalized globally and become part of the U.S. national reserves. The United States can legally use the Web3 financial revolution to reap global wealth;
Second, the combination of Web3 and AI will promote a revolution in production relations and create new opportunities for the next generation of virtual economy. Small and medium-sized enterprises do not need IPOs and can directly open up global marketing and capital chains by issuing Tokens;
Third, Trump's coin issuance may accelerate the legalization process of China's Web3. It is impossible for China to watch the United States take this opportunity to monopolize global dominance again; Hong Kong has been piloting the legalization of virtual assets on the mainland for two years, and the relevant policy layout on the mainland is likely to be accelerated in the future.
To quote the views of Bai Lu’s friend, VDX CEO Bian Zhiwei:
To quote Bai Lu’s friend, Fire Phoenix Capital partner Chen Yuetian, who posted a passage on WeChat Moments today:
This is historic, comparable to the moment when the first publicly traded stock was born
text="">The new US president has taken the lead and announced to the world that issuing currency is legal, even if an individual issues currency without fundamentals.
If it is illegal, it will be legalized through legislation through presidential power
Just to make money? No, he wants to promote new asset creation methods to help the United States to reduce debt.
The current Wall Street cannot save the United States; to create another one, there must be destruction before construction.
This is the Shanghai Stock Exchange in 1992, and each of us can be A Bao.
The most dramatic person in the world, in the most dramatic way, started a carnival of the times that the world dare not miss.
Look at what Trump has done. At 10:00 am on January 18, Trump’s personal account suddenly posted on the social media Truth Social that he would launch a personal meme token called TRUMP. Although the market reacted quickly, it was also very skeptical.
Then at 10:44, Trump once again posted the same content on his personal X account. The risk of account theft has completely stopped the enthusiasm of Trump’s fans. One hour later,TRUMP quoted $4.7, FDV exceeded $4.7 billion; calculated based on the circulation of 200 million pieces, the corresponding circulation market value exceeded $900 million.
According to CoinGecko's price data, TRUMP coin started trading at an opening price of $0.1824. Within 12 hours, it rose by more than 15,000% to about $30, and the token market value rose to $30 billion. As of 9:30 p.m. on January 19, according to Coinbase data, the price of TRUMP coins rose again to $71.65.
TRUMP price reached a high of $82
Based on a total of 1 billion coins and a circulation of 200 million coins, the total market value of TRUMP coins once exceeded $71.65 billion. The most powerful MEME coin in history was born.
According to the GetTrumpMemes official website, 80% of the supply of TRUMP is held by CIC Digital, an affiliate of the Trump Group, and Fight Fight Fight LLC, an entity jointly owned by CIC. The market value of the 800 million TRUMPs held by the Trump family once exceeded US$57.32 billion; and Forbes valued Trump's wealth at US$5.6 billion in November 2024, which means that relying on the issuance of coins, Trump's net worth has soared more than 10 times in just two days.
For a time, major domestic media rarely put the news of "Trump issuing currency" on the front page.
No one could have imagined that something more dramatic has not yet begun. Trump came prepared this time, not only did he perform himself, but also brought his wife to perform a good show.
On January 20 at 5:13, Melania Trump, Trump's wife and the soon-to-be-first lady, posted on her personal Twitter account that she would launch her personal Meme token MELANIA, and users need to visit the website with the domain name "Melaniameme.com" to purchase it.
With the plot of TRUMP, MELANIA was quickly sought after once it was launched. As of 7:45, MELANIA was temporarily reported at US$8.4, corresponding to a full circulation valuation of US$8.4 billion.
However, suddenly, after the issuance of MELANIA, the market consolidation began to take a sharp turn for the worse. BTC once fell below the $100,000 mark, ETH once fell below $3,200, and SOL also fell sharply below $240. Not to mention the price of TRUMP, which rose from a peak of nearly $80, an increase of about 40,000%, to around $50 in a few hours. I don’t know if the market has had enough of the couple’s repeated operations. The weekend drama suddenly cooled down with the pullback of TRUMP. But in a dozen hours, Trump himself will usher in the second highlight of his life, and TRUMP is likely to usher in a new climax again. How will the market move in the future? It is still unclear whether TRUMP can mobilize the market again; what is certain is that Trump’s coming to power will bring an unprecedented era to the crypto market.
Hashkey chief analyst Jeffrey Ding said: "In Trump's entire cabinet system, the most concerned is the Office of Artificial Intelligence and Cryptocurrency Affairs. The information currently disclosed by this agency is that it is mainly responsible for formulating the regulatory framework for the entire encryption industry, contacting the China Securities Regulatory Commission, the Commodity Futures Commission, Congress, etc. The Encryption Advisory Committee under it claims to be composed of 24 encryption companies. CEO composes a group to provide advice on policy making.
According to Trump's promise, the following new policies require special attention:
1) Make the United States the global encryption capital
2)
leaf="">Stop suppressing cryptocurrencies upon taking office
3)Prevent the development of central bank digital currency (CBDC)
4)Establish a strategic Bitcoin reserveFire SEC Chairman6) Prevent the sale of bitcoins held by the U.S. government
7) Using Bitcoin to Solve US Debt 8) Establishing a More Comprehensive Crypto Policy 9) Establishing a Crypto Advisory Board Judging from Trump's personnel appointments during the transition period, at least Articles 5 and 9 have been completed. For the encryption industry, at least from the regulatory level, on the one hand, the previously suppressed policies may be gradually relaxed, and on the other hand, more complete legislation is likely to further promote the industry to the mainstream. ”
Trump’s coming to power will continue to accelerate policy changes in Hong Kong and the mainland.In the past year, Hong Kong’s 7 exchanges, 31 securities firms, and 36 asset management companies have made adequate preparations for the arrival of a new era; mainland Web3 practitioners are also waiting for a new dawn. Now, this day is no longer far away.
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