Chris Curl,
Editor
Jan. 22, 2025
We have a new president.
And just days before his inauguration he launched a memecoin.
And no, I’m not making this up. In fact, I’m sure you’ve heard about it by now.
First announced on Donald Trump’s Truth Social account and then X (Twitter), the coin presented itself as a meme-inspired celebration of a leader who “doesn’t back down, no matter the odds.” This statement, prominently displayed on the project’s official site, capitalized on Trump’s well-publicized resilience, with an image that referenced the assassination attempt he survived back in July.
Many people thought Trump’s account had been hacked. There was simply no way this was real, right?
Wrong. It was very real. And it should come as no surprise to anyone who has been following Donald J Trump for the last couple of decades. This is a man who has lent his brand to a wide range of questionable products and offerings.
This isn’t even his first rodeo when it comes to crypto. I’m old enough to remember him launching an NFT set on Polygon a couple years ago where he made millions. If Trump sees an opportunity to make money, he takes it. And boy did he ever make money this time around.
Just hours after its launch, TRUMP coin surged to a market cap of well over $10 billion with 24-hour trading volume over $50 billion. If you had bought it right at launch, you would have witnessed 20,000% gains in mere hours.
All of this happened on the Solana blockchain, which if you have been reading anything I’ve written over the last 3 years you would be well acquainted with. I predicted it would become the preferred retail chain that would drive mass adoption for crypto. And that’s exactly what happened over the weekend.
Trump’s net worth is now largely attributed to his crypto holdings. And this trend is only going to continue over the next 4 years. This new administration will likely institute a Bitcoin Strategic Reserve as well as do everything they can to get rid of capital gains taxes on crypto. (I think it’s safe to say that Trump is more motivated than ever to deliver on that last part.)
Think this is an anomaly? Think again.
We mention the Fourth Turning here a lot at Digest Publishing. And that’s because it’s playing out before our eyes every day with increasing clarity. The hallmark of the Fourth Turning is the collapse of faith in institutions and they are breaking down all around us. Not the least of which is our beloved financial entities.
Fiat currency is dying a painful death. This will become increasingly evident over the coming years as the overnight relative devaluation of all non-crypto holdings will be experienced by billions globally. Crypto is not the next Beanie Babies, it’s a paradigm shift.
Most people simply don’t understand what’s happening.
Trump is going to repeal Biden’s SAB 121 which prevented banks from custodying Bitcoin. His LibertyFi company is using profits from TRUMP coin to buy billions of dollars’ worth of crypto assets in preparation for much bigger things ahead.
Although TRUMP coin is understandably controversial, one thing remains clear – Donald Trump continues to find new ways to shape headlines and redefine his legacy beyond traditional political rules. And crypto is going to be a huge part of that legacy from here on out.
With everything that’s happening now you do not want to miss out on what’s next in the crypto markets. In fact, I believe that the weeks ahead will be the most important and profitable time in the space and I’ve been preparing my readers for it all year.
Click here to get started.
Keep coming back,
Chris Curl
Editor, Daily Profit Cycle