Dialogue with HTX Partners Episode 11: The Presidential Family’s Coin Issuance and the Impact of Political Figures on the Crypto Market
In recent days, the crypto market has experienced a huge shock. First, Trump launched the meme coin of the same name "$TRUMP" on the eve of the presidential inauguration. Data shows that $TRUMP started trading at an opening price of $0.1824 and rose to around $80. With the popularity of "$TRUMP", Trump's wife Melania also took the opportunity to launch her owncryptocurrency——$MELANIA, the so-called "First Lady Coin". Such a crazy move has triggered a controversial speculativecryptocurrencyfrenzy.
近日，火币HTX新栏目“对话HTX火伴”第十一期开播。节目中，Dr.于佳宁、菠菜菠菜、RWA.LTD、Kexin、BTCmaodu、Todd、Vito等加密KOL以“特朗普即将上任，能否兑现十大cryptocurrency新政？”为主题，探讨了总统家族发币以及政治人物对加密市场的影响。
Huobi HTX: What impact will Trump’s inauguration have on the crypto world?
Yu Jianing:Trump's coming to power means that Web3 has really entered the mainstream. In the past, many American crypto entrepreneurs moved to Singapore, Dubai and other places to avoid the uncertainty of US regulation. After Trump came to power, an inevitable trend is that a large number of US projects will return to the United States. In addition, there will be several core impacts: 1. The United States will once again become the center of Web3 innovation. 2. It is very beneficial for large companies to quickly embrace digital assets. For example, Facebook is expected to rekindle the dream of cryptocurrency. 3. The possibility of Bitcoin as a national strategic reserve has greatly increased.
Spinach Spinach:Trump's coming to power is definitely an exciting move for the entire market sentiment. Many bills favorable to cryptocurrencies may be implemented faster. Once these favorable bills are passed, it is very likely to change the current traditional corporate financing model. In addition, traditional finance will be further reformed and try toBlockchainTechnology integration.
Todd:First, the Republican core wants toAITo become bigger and stronger, they believeAI是未来创造财富的关键领域。其次，加密货币在政府层面可以作为一种高效的财富分配工具。因此，他们一手掌握着财富创造的工具——AI，另一手掌握着财富分配的工具——数字黄金（加密货币）。通过这种布局，美元资产可以实现进一步的全球化。
Huobi HTX: How do you view the impact of the Trump family’s coin issuance on the crypto market and Meme coins?
Todd:$TRUMP itself has a huge traffic effect, which means that encryption technology may be widely recognized in the traditional world. I have three opinions: First, I hope that the federal government can legislate as soon as possible to seal 200,000 BTC as national reserves; second, after the federal government legislates, the state government must also promote legislation; third, the United States is still the world's largest economy and the high ground of the Western financial system. If the United States does this, other countries such as Canada, Japan, and many European countries will be driven to jointly promote the development of the encryption market.
BTCmaodu:The reason why so many people buy $TRUMP is that it is the first coin issued by the president of a country in the world.Xiaobai Navigation, but it is triggering a paradigm change. $TRUMP has successfully attracted a large number of Web2 users and attracted them to the chain to trade through DEX. At present, DEX has become a deposit and withdrawal channel.
Vito:I think $TRUMP is not suitable for issuing technology-based cryptocurrencies because it may face many problems in terms of technical routes and other aspects. In contrast, issuing Meme coins seems to be more appropriate. Trump has performed well in this regard, and his team has rich experience in related fields. For the future development of $TRUMP, the three-year unlocking period it sets brings many uncertainties. However, the issuance of $TRUMP is highly demonstrative in terms of legal compliance, especially in the current context of the SEC's relatively friendly attitude towards cryptocurrency regulation.
In addition, the issuance of $TRUMP has also attracted many people who did not pay attention to the crypto market to become interested in this field. Although $TRUMP will have a certain "blood-sucking effect" on the crypto market in the short term, in the long run, it may attract more people and institutions to enter the crypto market. I think Trump may be laying out a strategic dual circulation model of the US dollar and Bitcoin, that is, through the flow of US dollars into the Bitcoin market, thereby further consolidating the global status of the US dollar.
Kexin:$TRUMP has great demonstration significance and has a huge impact on the development of Web3 worldwide. In addition, Trump’s series of crypto-friendly policies will not only benefit the Web3 world, but will also have an impact on other countries.
Huobi HTX: Will the sharp increase in the total circulation market value of Meme coins trigger a bubble risk? The market value of $TRUMP once reached 70 billion US dollars, and the market value of $MELANIA also exceeded 10 billion US dollars. Is this phenomenon a healthy market growth, or does it hide speculative risks?
Yu Jianing:The issuance of $TRUMP does require a re-examination of Meme coins. Meme coins have become a new channel for Web2 users to enter, and Moonshot has become the preferred deposit channel for many novices because it supports fiat currency deposits. In the future, the 80% lock of TRUMP coinsTokenThere may be a smaller risk of destruction, but it is not ruled out that it will be distributed to specific groups of people through airdrops.
From a risk perspective, the Web3 field may gradually become a new focus of the Sino-US confrontation.TokenIn itself, volatility risk is inevitable. Overall, the crypto market in 2025 is expected to move forward with huge fluctuations. Recently, Huobi HTX has performed well in asset listing and product innovation, becoming a dark horse trading platform in the crypto market in 2024. It is hoped that investors can gain benefits on Huobi HTX, follow the trend of the times, and jointly build a new market order.
RWA.LTD:The 3-year lock-up strategy of $TRUMP may change the investment logic of traditional Meme coins, from short-term speculation to long-term holding. In addition, Trump's coin issuance may provide a demonstration effect for other Western leaders to issue coins.
Finally, the crypto market experienced a bull market in 2024 and will usher in a new round of magnificent bull market in 2025.
Huobi HTX: How do you view the competition between Ethereum and Solana in this bull market?
Todd:From $TRUMP, currentlyBlockchainThe value of the blockchain is still the issuance of assets. I think Solana is a more suitable choice for general assets, but Ethereum is more suitable for important assets. Ethereum will still be the most important infrastructure of Web3 in the future, and it is also the most in line with the spirit of Web3.
BTCmaodu:I am more optimistic about Solana. SOL is expected to surpass ETH in this bull market. The reason is that, firstly, Ethereum is relatively lagging behind in innovation, while Solana has been the main place for innovation in this bull market. Secondly, Solana is a US-basedBlockchainProjects may benefit from policy support in the current US-dominated crypto market.
The article comes from the Internet:Dialogue with HTX Partners Episode 11: The Presidential Family’s Coin Issuance and the Impact of Political Figures on the Crypto Market
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