Analysis of the underlying intentions behind Trump's involvement in virtual currencies.
From different dimensions, Trump's promotion of virtual currencies (such as Trumpcoin) can be dissected into dual considerations of business and strategy. Its core goal is not merely focused on the cryptocurrency itself but revolves around the globalization penetration of the U.S. financial system and its own interests:
1. Business perspective: 'Debt relief' for family capital and monetizing traffic.
Low-cost capital-raising model: By issuing meme coins linked to personal IP (e.g., MELANIA), leveraging public attention to quickly tap into a market scale of hundreds of billions. These projects have extremely low operating costs (only requiring coin issuance + media hype) but can create substantial returns through a 'creation from nothing' method, essentially transforming personal influence directly into capital.
Debt optimization tool: There are views that the Trump family could issue virtual currencies to raise funds to alleviate their own debt pressure. This model bypasses traditional financing processes and regulatory restrictions, becoming a 'quick and efficient' method for debt reduction.
2. Strategic perspective: The 'blockchainization' expansion of U.S. financial hegemony.
Breaking through foreign exchange control barriers: Promoting assets such as the dollar, U.S. Treasury bonds, and U.S. stocks to be 'on-chain' (digitized to blockchain), allowing global investors to directly purchase U.S. financial assets through virtual currency channels without the need for currency exchange or opening accounts. This operation aims to render the foreign exchange control policies of some countries ineffective, creating a 'green channel' for cross-border capital flow and strengthening the dollar's dominant position as a global reserve currency.
Resolving the liquidity dilemma of U.S. Treasury bonds: In recent years, U.S. Treasury bonds have frequently faced liquidity crises, and if the crypto market is guided by officials, it could become a new 'digestion pool' for U.S. bonds. Trump's attempt resembles a 'testing ground'—using virtual currency projects to validate the market's acceptance of financial assets being on-chain, paving the way for subsequent large-scale digitization of U.S. bonds and stocks. Once global funds flow into the U.S. market via blockchain, the liquidity pressure on U.S. bonds will be alleviated, further consolidating the global attractiveness of the U.S. financial market.
Seizing the narrative power in the crypto industry: If the U.S. personally intervenes to lead the on-chain of financial assets (such as the RWA promoted by BlackRock, i.e., tokenization of real assets), it will rapidly expand the scale of the crypto market. Trump's actions can be seen as a response to this trend, intending to integrate the crypto industry into the expansion trajectory of the U.S. financial system through both policy and capital intervention, making it a new vehicle for dollar hegemony.
3. Deep logic: The combination of short-term speculation and long-term hegemony.
Within this framework, the technical attributes of virtual currencies become secondary; their core value lies in being 'financial tools' and 'policy levers.' Whether it's Trump's personal moral controversies or the potential legal risks faced by projects, they take a back seat to the dual objectives of 'maintaining dollar hegemony' and 'family capital appreciation.' This operation reflects the profit-seeking nature of businessmen and implies the U.S. strategy to reconstruct the global financial order through new technologies.
In short, Trump's virtual currency layout is both a 'capital carnival of personal IP' and a test for the U.S. financial system's global expansion using blockchain technology.
