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Trump Barely Mentions Crypto During Cryptocurrency Interview

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Trump Barely Mentions Crypto During Cryptocurrency Interview

Cryptocurrency enthusiasts tuned in to hear former President Donald Trump speak in an X Spaces event about digital currency and his own soon-to-launch crypto venture—but the president gave no details and spent about half the interview talking about the recent assassination attempt that took place in West Palm Beach, Florida.

The interviewer, the president of a cryptocurrency media startup called “Rug Radio,” spent the first portion of the broadcast asking Trump about Sunday’s incident, which Trump recounted in detail.

Over 16 minutes later, Trump finally addressed the topic of the broadcast.

“Crypto is one of those things we have to do,” Trump said. “Whether we like it or not, we have to do it.”

“You’re going to be happy, and you’re going to love your crypto,” he added. “And as long as you have your crypto, you’re happy.”

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Trump gave almost no details about his new crypto venture, World Liberty Financial. But more than two hours into the broadcast, some of the company’s co-founders described it as a sort of crypto banking platform, CNBC reported. They said that customers will eventually be able to buy, sell, borrow and lend cryptocurrencies through the platform.

One of the founders, Zak Folkman, also announced the company would launch with its own cryptocurrency token—WLFI.

At least 20% of the initial tokens will be claimed by the company’s founders, 63% will be offered to customers and the remaining 17% will be saved and allocated as customer rewards, according to CNBC.

Trump talked at length about the influence of his sons, Don Jr., Eric, and Barron on the company, and said they had gotten him interested despite some healthy initial apathy toward the industry.

“I think my children opened my eyes more than anything else,” he said.

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“Barron’s a young guy, but he knows it. He talks about his wallet, he’s got four wallets or something… But he knows this stuff inside and out,” Trump said. “Eric and Don know it so well, it’s almost like younger people know it a lot better than older people. But I have a lot of respect for them, they’ve shown great judgment—all of them,” he added.

Steve Witkoff, the real estate developer who was golfing with Trump during the incident on Sunday, is reportedly also a key figure in the new venture—along with his son, Zach Witkoff.

A source told the New York Times that the elder Witkoff is taking a hands-on role in the company. He even sat next to Trump during Monday’s interview and answered his own series of questions after Trump signed off.

“I said, ‘Who would understand this better than the Trump family?’” Witkoff said. “We had a meeting initially with Eric, Don Jr., and the president and his counsel. And we said, ‘Let’s go pursue it.’ We’ve been on it for close to nine months.”

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Robert Kiyosaki Predicts Gold, Silver, Bitcoin Crash Over Trump’s Tariffs—Says It’s A Buying Moment

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Robert Kiyosaki Predicts Gold, Silver, Bitcoin Crash Over Trump’s Tariffs—Says It’s A Buying Moment

Noted investor and author Robert Kiyosaki has forecast a potential Bitcoin BTC/USD crash, which he sees as a chance to amass more wealth.

What Happened: Kiyosaki, known for his best-seller “Rich Dad Poor Dad,” warned of a possible Bitcoin crash. This warning came after a 4.20% decline in the leading cryptocurrency, which fell below its $106,000 price point on Friday.

Kiyosaki’s cautionary statement was a reaction to U.S. President Donald Trump‘s decision to impose 25% tariffs on U.S. trade partners Canada and Mexico, and a 10% tariff on China.

This decision resulted in a 300 point (0.7%) fall in the Dow Jones Industrial Average index, and significant losses for the S&P 500 and the Nasdaq 100.

Also Read: Robert Kiyosaki Foresees Bitcoin Surpassing US Dollar As ‘Good Money’

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In a post on X, Kiyosaki said, “Trump tariffs begin: gold, silver, Bitcoin may crash.” He indicated his plan to purchase more Bitcoin if prices plummet, seeing it as an opportunity to grow his wealth. However, he also pointed out the U.S. national debt as a major problem that Bitcoin might not be able to address.

Despite Kiyosaki’s warning, Bitcoin has started to rebound, and the effects on gold and silver have been negligible. The U.S. national debt, on the other hand, continues to escalate, surpassing $36.4 trillion.

Why It Matters: Kiyosaki’s prediction of a Bitcoin crash and his intention to buy more of the cryptocurrency if prices fall, highlight the volatility and potential opportunities in the crypto market. His comments also underscore the ongoing concerns about the U.S. national debt, which continues to soar despite economic measures.

While Bitcoin has started to recover, the impact of the tariffs and the national debt on the economy and the crypto market remain to be seen.

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Robert Kiyosaki Predicts Massive Market Crash: ‘Save Gold, Silver, & Bitcoin, Crash Is Here’

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Emerging cryptocurrency stuns market with game-changing acquisition: 'Represents a significant milestone'

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Emerging cryptocurrency stuns market with game-changing acquisition: 'Represents a significant milestone'

An emerging cryptocurrency that has been gaining popularity globally made itself even more attractive with a recent acquisition.

As relayed by PR Newswire last month, a complementary cryptocurrency called Letscoin secured a whopping three billion metric tonnes of approved carbon credits for use on the voluntary offset market.

“This transaction represents a significant milestone in sales and purchase placement involving the digitalisation mechanism of a complementary crypto stable coin,” Thana Balan P Jagnathan, the co-founder of Letscoin, said in a statement. “We achieved this groundbreaking transaction through a secure carbon credit preservation and exchange program using tokenization which was launched in June 2024 in Indonesia and November 2024 in Malaysia respectively.”

Jean Bilala, the executive chairman of Letscoin, added: “This is a significant step forward for Letscoin and the validation of the system as a complimentary cryptocurrency in favour of USDT. … The success of this transaction proves the quality and stability of Letscoin (LTSC) and the importance of a complementary market exchange backed with physical fiat, with the addition of a verified voluntary carbon credit offset, is a game changer.”

Many forms of cryptocurrency, such as the most predominantly known bitcoin, have been criticized for their negative environmental impacts. The process of mining bitcoin is energy-intensive and can put immense stress on electrical grids around the world. Some countries, including Russia, have resorted to banning cryptomining as a way to reduce energy consumption and prevent an economic crisis.

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The development by Letscoin is the latest effort to create eco-friendly avenues for cryptocurrency to become economically viable.

Similarly, Ethereum, a major player in the field, made a significant shift in its technology that drastically reduced its energy consumption — by an impressive 99.95%. This change not only benefits the environment by cutting down on energy usage and pollution, but it also boosts Ethereum’s market appeal and potential for institutional adoption.

Ethereum and Letscoin are promising examples of how digital currencies can evolve to be more sustainable.

Join our free newsletter for good news and useful tips, and don’t miss this cool list of easy ways to help yourself while helping the planet.

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Better Meme Coin to Buy: Dogecoin vs. Official Trump | The Motley Fool

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Better Meme Coin to Buy: Dogecoin vs. Official Trump | The Motley Fool

Both Dogecoin (DOGE -2.00%) and the Official Trump meme coin, with the ticker TRUMP, are among the most well-known meme plays out there at the moment. But, contrary to what you may have heard, not all meme coins are the same in terms of their balance of risk to reward.

And, in this particular matchup, there’s a lot to discuss. So let’s dive in.

This dog coin has already proven its staying power

Dogecoin is the meme coin that started its entire asset class within cryptocurrency, and many years later it’s still alive and kicking, with an impressively large market cap of around $47 billion.

In terms of the investment thesis for buying Dogecoin, this chart does a better job of explaining it than words alone:

Dogecoin Price data by YCharts.

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As you can see, on average Dogecoin shares a high degree of correlation with the action of Bitcoin. That implies if Bitcoin retains its habit of surging and ebbing in four-year cycles, in keeping with the rough timing of the halving of its mining reward, there’s always going to be extra liquidity to flow from Bitcoin to Dogecoin.

Put more simply, if Bitcoin continues to make investors richer in specific periods of time, some of the additional money they make ends up getting spent on Dogecoin on average. That makes sense because investors can probably find a higher return during a speculative boom in Dogecoin than in Bitcoin, as it tends to be more volatile.

Then there’s the other element of the Dogecoin thesis. As a meme, Dogecoin has continued to garner a significant amount of attention every few years for more than a decade now. Investors keep coming back in anticipation of the next run-up, and the meme itself is broadly recognizable and easy to riff on.

Furthermore, the coin may one day be included in exchange-traded funds (ETFs) that give it more exposure to liquidity from the traditional financial markets. But those ETFs aren’t approved yet.

Does that mean you should buy it? No, at least not until you’ve diversified your portfolio with safer investments, and not unless you’re willing to lose all of your money.

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The president’s new meme coin is a gamble, but there are worse ones

Hot off its launch on Jan. 17, Trump’s meme coin has a market cap of roughly $5 billion today, making it one of the largest meme coins that exists.

Though it doesn’t have the same vintage as Dogecoin, it does have one very obviously powerful factor driving its price: It bears the name and endorsement of the president of the U.S., and it’s the only cryptocurrency with that distinction. During what’s expected to be a pro-cryptocurrency administration, having the explicit support of the president means that it is unlikely for Trump’s coin to go to zero. It could also potentially catch a major tailwind if the president’s actions cause people to want to buy his coin. And that dynamic could easily last for the entire four-year term.

Furthermore, much like Dogecoin, there are TRUMP ETFs that are currently under consideration for approval by regulators. Should they get approved, it’ll be easier for investors with traditional financial accounts to pile in without needing to mess with any cryptocurrency software or applications.

But none of these drivers can make this coin into a good investment, only one that’s less bad than other meme coins. Still, in comparison to Dogecoin, the official Trump coin actually has a serious impediment: It’s inherently political.

Regardless of their political opinions, the mere whiff of an enduring threat from politics will keep away at least some potential investors, even if it’ll attract others. Thus there is likely a lower ceiling on the coin’s total accessible value within the cryptocurrency sector. Then there’s the inescapable risk that some of the president’s actions could detrimentally influence the price of the coin, which can’t be ruled out if one admits that other actions could be beneficial, which is a core part of the investment thesis for the coin.

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So, between Dogecoin and Trump’s official coin, Dogecoin is the better option. It has an established pattern of price action, and it isn’t as vulnerable to political risks despite being exposed to political catalysts in the form of potential future ETF approvals. But, as mentioned previously, you shouldn’t be spending your hard-earned dollars on speculating on these memes if there are safer investments out there that you haven’t touched yet.

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