Author: Lou Kerner Source: medium Translation: Shan Oppa, Golden Finance

Thursday at 9 p.m. , while the crypto community was partying at the Crypto Ball in Washington, D.C., Trump announced the launch of $TRUMP on Truth Social (45 minutes earlier than announcing it on Twitter).

I got into crypto in June 2017, in part because I thought The United States is not our friend, as evidenced by numerous incidents, including Operation Choke Point.

I also got into crypto because based on Ray Dalio’s chart (see below), I believe the U.S. is heading inevitably toward recession, which is consistent with all The fate of the empire was the same. Interestingly, looking at the chart, the 200-year rise of the United States is almost a straight line, regardless of the party in power, and the same is true for the 60-year decline.

However, the best thing about Bitcoin is that although short-term behavior will have Impact, but in the long run, I personally think that these are irrelevant.

However, in the short term, the behavior of may still have a significant impact. I think $TRUMP is very bullish in the short term because:

People need a reason to start from "zero". Prior to the launch of $TRUMP, the most positive event I had witnessed in my crypto journey over the past 7 and a half years was the collapse of Silicon Valley Bank (SVB). In this regard, I wrote:

Within a month after the crash, Bitcoin The currency soared by 50%+.

According to Moonshot, within 24 hours of $TRUMP’s launch, 40 Thousands of new people joined CryptoCurrency:

Who knows how many millions of people $TRUMP will bring into crypto? But it certainly feels like an important moment in cryptocurrency history. Because once these people enter the crypto world, many will inevitably move to Bitcoin and other tokens.

Who knows if they will add a practical use for $TRUMP? But it couldn’t be easier to devise ways to drive demand over the next four years.

My two predictions:

1. Trump will claim that $TRUMP should Considered part of any crypto strategic repertoire.

2.$TRUMP will launch its own Layer 1 blockchain and ecosystem. Wouldn't you do this if you were $TRUMP? Why keep all the value in Solana’s ecosystem?

I understand why many people think this is terrible for the industry, but I think they are missing the bigger picture. As Chris Burniske writes about $TRUMP:

"Permissionless innovation is wild, messy, and sometimes downright embarrassing—but it is society's The epitome of the whole. I encourage everyone to understand all aspects of things and their impacts, even if the first reaction may be negative."