President-elect Trump launched his own cryptocurrency overnight and swiftly appeared to make more than $25 billion on paper for himself and his companies.
Why it matters: The stunning launch of $TRUMP caught the entire industry off-guard, and speaks to both his personal influence and the ascendancy of cryptocurrency in his administration.
- It also speaks to the nature of the crypto industry that someone could have $25 billion worth of something that literally did not exist 24 hours previously.
I just finished watching Chernobyl and comments like this are now going to remind me of the fact that the reactor could not have exploded because that’s not how RBMK reactors work.
Huh? Not sure how crypto-markets and reactors are related to each other…
Former is “just” based demand and supply, which of course can still be quite chaotic, because well demand and supply is chaotic (due to all kinds of factors)…