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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsTrump crypto not real crypto/ investment, it's commemorative.
https://www.theguardian.com/business/2025/jan/21/trump-meme-crypto-coin-ethicsMeme coins which combine two prominent features, memes and cryptocurrencies, of the digital economy are in effect digital playing cards. They have no intrinsic value, according to experts. Even the website marketing Trumps coin states that it is not intended to be, or to be the subject of, an investment opportunity.
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Preston Byrne, a lawyer specializing in cryptocurrencies, put the chances of a civil lawsuit over Trumps new coin at 90% within the next 14 days, or 100% within the next 60. I am absolutely certain this will happen, he wrote on his blog. Someone will lose money, some lawyer will come up with a theory and file.
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Its just a matter of time until a lot of people lose money from this, Cuban wrote on Bluesky, the social network. Im a crypto fan. This is not crypto any more than [infamous fraudster Bernie] Madoff was just buying and selling shares of stock.
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Trump crypto not real crypto/ investment, it's commemorative. (Original Post)
kerry-is-my-prez
Jan 25
OP
SamKnause
(13,988 posts)1. I hope he bleeds them all dry.
Then when trump's tariffs kick in they will really feel it.
They are destroying this country so I hope they get destroyed in the process.
WmChris
(260 posts)2. Fools
Fools and their money are soon parted.
cliffside
(614 posts)3. Keep your eye on the money, that is what he cares about and who he is beholding to ...
not the little people who foolishly invest? whatever he is pushing that day.
markie
(23,104 posts)4. we know
it is basically a means to hide money coming in from questionable sources
Wiz Imp
(3,384 posts)5. Hard to feel bad for anyone ripped off by this scam. Was obviously a scam from the start.