Trump is going to issue a coin again, and this time it's a stablecoin? Just five hours ago, the fund supported by the Trump family, World Liberty Financial (WLFI), posted a significant tweet announcing the launch of a stablecoin called USD1, which can be exchanged 1:1 for the dollar. It is backed by real dollars, short-term U.S. Treasury bonds, and dollar deposits as equivalent assets. Moreover, Trump's eldest and youngest sons both retweeted this tweet.
Some netizens joked that this time a president is personally endorsing it, fully compliant. In the past, it was done secretly, now it's done openly. Since the 'understanding king' took office, he has been eager to engage with the cryptocurrency world. Previously, including the Trump coin, it surged 400 times after being listed, making a quick profit of 56 billion in one day, leading many to financial freedom, but ultimately it fell back and harvested a wave of unsuspecting investors. So on one hand, the understanding king needs a currency that is independent of the dollar to control its own monetary discourse, and on the other hand, it is also to settle the victories of those who supported him before he took office. In short, Trump desperately needs to break free from the shackles of the Federal Reserve to establish a new monetary system!
Cryptocurrency is naturally his chosen child. Additionally, I did some digging, and this coin is expected to be on the BSC and ETH chains, but trading hasn't opened yet. So, I estimate that there are already many schemes to exploit unsuspecting investors. Everyone must be careful and definitely don’t invest in the wrong coin!
Looking back at the previous news about the Trump family investing in Binance, I still feel that there are many stories to tell in the cryptocurrency world this year. Although the crypto market is currently experiencing a bear market, from a long-term perspective, the long-term demand for Bitcoin, such as halving benefits and institutional demand, as well as the gray areas still exist and have not fundamentally reversed or disappeared. Therefore, after rounds of crashes and reshuffling, it is very likely to gradually recover!
In summary, in the face of currently high-risk assets, if you haven't established a solid base for yourself and taken out more risk-free income before playing your trump card, you are likely to be a person who heavily invests without thinking, and I believe it is very likely you won't survive until the next dawn! Remember, always being at the card table is more important than anything else. So, how do you build a more stable base?
Hello everyone, I am Yasheng. If you want to achieve stable profits, you must go through a few years of bottleneck periods: half a year learning technology, one year practicing execution, and one and a half years cultivating mindset. The most important thing is to minimize losses during the bottleneck period. If you are willing to spend time, energy, and are good at summarizing, along with a good mentor and friend by your side, then the journey in the crypto world will be much simpler. The stars shine for miles, just as always.
