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.
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I literally just listed a variety of situations where you’d need to do that.
And not a single one of them would be made easier with a curency you then have to find a sucker to pay you real currency for.
you have predefined crypto as useful when it’s actually not any more useful then valid currency