A Few Thoughts on Trump's Coin Release:
1. Where does market increment come from?
1. Assuming there is no increase in market funds, the relationship between coins is also a PVP (player versus player) relationship; the rise of a certain coin is driven by siphoning off incremental funds from other coins (stablecoins included). Just like on the day Trump announced, most coin prices fell because most people sold other coins to buy Trump.
In a situation where market funds are fixed, although theoretically the price of coins can grow infinitely, in practice the price increase is limited because at the same price point, there will always be people who are bullish and bearish, so it won't grow infinitely.
2. Where does the incremental fund in the crypto space come from? I personally feel it comes from the issuance of stablecoins that are backed by real assets (like USDT, USDC, etc.). (I don't think coins like DAI contribute to the crypto space's increment because they are collateralized by cryptocurrencies. Additionally, coins like USDE don't count either because their weak liquidity limits their trading attributes.)
2. What will happen next?
My guesses about the next developments are:
1. Trump will definitely use his political convenience to seek benefits for himself: for example, promoting loose policies (because the liquidity most likely ends up in the hands of capitalists, with limited benefits for ordinary people), and being friendly towards crypto to promote the growth of his crypto assets.
2. Trump will continue to attract incremental funds for the crypto space through his influence, which aligns with his interests.
3. Trump will again siphon off benefits from the crypto space for his own interests through various means (from the releases of Trump and Melania, it can be seen that Trump doesn't care about the appearance of his actions), which is actually a negative factor for the crypto space (referring to Trump, including his family, and all other coins not held by World Liberty Financial).
Essentially, Trump is a politician and a businessman, inherently untrustworthy. It's just that when the interests of the crypto space align with his interests, he hopped on the train of his regime and moved forward for a while. During this journey, Trump may still siphon off benefits from the crypto space for his own gain at any time.