Trump is undeniably a “disruptor”. His recent foray into cryptocurrency has thrown an already strained crypto market into further disarray. Initially, a group of short sellers in the mainstream crypto market was liquidated. Then, a wave of long traders followed, only for the market to correct again, wiping out high-leverage longs. And just when things couldn’t get messier, his wife launched her own cryptocurrency, leading many to believe that the two were “collaborating”. What’s the result? Trump’s coin plunged 50%, while his wife’s coin surged 50%. This was followed by another round of crashes, causing even more long traders to be wiped out.
The most critical issue here is that Trump broke the rules. The meme coins he issued have no assets backing them; they are purely fabricated. Now, the crypto community is condemning his reckless issuance of digital currencies, a situation that borders on the absurd. Who would dare to trust such things in the future? At least earlier meme coins pretended to offer something in return, even if it was just a monkey profile picture. Trump’s coin? It represents nothing at all.
It’s possible that Trump had planned this all along. From the very start, his strategy may have been to monetize his presidential influence, which is undoubtedly his best play. By tying the influence of the U.S. presidency to his cryptocurrency, he sought to create a perception of a coin that “cannot fail.”
In essence, Trump’s cryptocurrency scheme revolves around removing intermediaries—directly aligning the “will of the emperor” with the “fragmented needs” of the public. While the global elite are still fighting bitterly for power, Trump has leveraged his authority to issue a cryptocurrency, enabling direct transactions with the “emperor.” Why bother with middlemen? This is a revolutionary breakthrough in Western cultural norms. Previously, grassroots individuals had to rely on intermediaries to relay their petitions to the “emperor.” Now, with cryptocurrency, people can act directly—triggering a market surge to express their desires. The “emperor” might even deploy an “airborne division” to address issues previously deemed unsolvable.
Isn’t this revolutionary? With the support of a digital trading system, the ultimate outcome could be global adoption of emperor-backed cryptocurrencies. As long as the “emperor” remains alive, your needs could be met—provided, of course, that you’ve got enough money.