The fact that fartcoins are 30 times as "valuable" as Trumps idiot-coins should be evidence enough.

Yes. Just seeing the words "market cap" should tell you something. It is a completely meaningless term when you are talking about crypto currency.

The price means somethings, the amount held means something. The entity that sold them can mean something. But market cap isn't it.

It's not a crime if it's the president, the scrotus said so

His whole political career has been a conflict of interest.

Who's going to stop him?

Is that even illegal yet?

Really sucks that I, an atheist, acknowledge that I can do nothing more impactful than pray Trump dies soon.

Bingo, the CCP can't bribe Trump directly but they can buy a ton of crypto.

Time to start the next one

In my mind this is just another way for shady actors to give him money with less paper trail. Is that not possible? I admit I don't actually know how people are buying or selling this.

Honestly if that's what's happening it seems like an actual 'good' use case for crypto. Good as in clever/useful not good as in, well, good.

let’s wait and see how the coin does at the end of his administration.

Pfft, I'm betting he'll rugpull in a month, tops, possibly before february even starts.

Bitcoin is sitting at 105,000 each. Businesses have bought in, banks have bought in. A whole country buys them like clockwork for their citizens future.

Its a damn ponzi scheme where the last to hold the bag is the loser. Yet it is so big now, so entrenched, I dare say it may be too big (to be allowed) to fail.

Insane. And the worst part is, nobody actually uses them. Not in any significant way. It's just let's get rich!

Yeah I feel as though he won't get that amount of money either and making any money is also outrageous.

I feel like the biggest pressing issue here is that this is not meant to go to the moon and stay there. Instead I think the real motive is to make inflation. Look at it, it's not meant to gain that amount of value, it's meant to skew our perception of value. This way the current inflationary prices don't look out of place when, in reality, everything is over valued. I guess it is also meant to make some people more complacent to inflation by giving them hope of "there being a chance" even though it clearly details how screwed over most of them will end up in the end compared to the house/dealer. Gambling is and will always be a big problem that adds more pressure to an otherwise unhealthy economy.

I wish more people understood this. Especially in the press, since its their job to educate everyone else.

Trading volume is what matters, not trading price. It's only worth $25 billion if you can turn $25 billion of it into cash.

Unfortunately since banks still haven't take wised up to this, and the wildcat crypto banks really haven't, its likely still possible to pump a meme coin and then take out loans against the purported asset value. The bank is then left trying to repossess a pile of worthless memecoin when you fail to repay the loan.

At this point, anything the billionaires want is legal. It is fucking absurd. The entirety of T****'s first term was insanity. This one will be catastrophic, and unfixable for generations. His supreme court, judges, corruption has made it inevitable.

I tried to logically deal with the firehose of lies and hatred, thought it was important and worth it. Not anymore. Not again. This country is too fucking dumb for me to care anymore, too easily manipulated. Not worth the pain. I did what I could, voted against it every time. "But the price of eggs!"

I'm just going to fuck off and try to enjoy myself while it burns. Someone wake me for the revolution, the oligarch bbq, or some legit riots at least.