$INlT$BSW Trump Coin Dinner: A New Carnival or a New Farce in Cryptocurrency?
Recently, there has been big news in the crypto world! Trump has invited the top 220 holders of Trump Coin to a private dinner at the Trump National Golf Club in Washington on May 22. The top 25 will enjoy exclusive VIP treatment and a tour of the White House. Once the news broke, the price of Trump Coin skyrocketed, with an increase of over 70% at one point.
The dinner is full of hype, with promises of hearing Trump discuss the future of cryptocurrency. However, there is ongoing controversy behind it. On one hand, cryptocurrency is already highly volatile and risky, and using a dinner as a marketing tactic adds to the speculative atmosphere. On the other hand, U.S. lawmakers and anti-corruption organizations have harshly criticized this as blatant corruption, accusing Trump of using his power for family profit.
In fact, the Trump family has been very active in the cryptocurrency field in recent years, engaging in businesses like NFTs and Bitcoin mining, with reported earnings close to $1 billion. Whether this dinner is a new attempt to promote the development of cryptocurrency or a new tactic to exploit investors remains to be seen by the market.
It's worth noting the Co-nan Golden Dog,
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