Redphone
@redphone
Ten rando Trump-induced thoughts on crypto: 1. The token launch and its price performance is truly staggering. It will have aftershocks that are just as powerful and impactful for the industry. Or put another way, if this coin launch blew your mind, what comes next will be crazier. 🧵👇
12 replies
36 recasts
124 reactions
Redphone
@redphone
2. General vibe = "if the president can do it, so can I."
1 reply
0 recast
21 reactions
Redphone
@redphone
3. We can only speculate on what happens next, but most of us are thinking too smol.... Like I have no doubt that your bank adds crypto wallets, Robinhood adds perps, international brands like shoe companies and fashion brands drop memecoins, etc. What's even bigger than that stuff? Because it could potentially happen.
1 reply
0 recast
18 reactions
Redphone
@redphone
4. We often forget that money is simply a technology, and the best tech wins. Crypto is now the best monetary tech. And it's literally morphing the concept of "value" before our eyes. Thanks to AMMs and blockchains processing ever more txs, value can be placed into any package/container -- not just dollars, yuan or euros. We can transmute it into attention (which is how I measure memecoins) and intelligence via tokenized AI, among other things. This simply wasn't possibly before permissionless blockchains.
2 replies
1 recast
22 reactions
Redphone
@redphone
5. Memecoins and crypto wouldn't be doing so well if the dollar were sustainable (and not programmed to eternally dilute itself via inflation). Dollar uncertainty is what led to bitcoin's creation. And BTC's success kickstarted this financial dadaism/experimentation that we're witnessing.
1 reply
0 recast
15 reactions
Redphone
@redphone
6. Living through past cycles helps you cope during times like this if you're sidelined. Attention will swing in other directions. There is absolutely zero chance that it doesn't. That means that if you're unsure what to do, just keep your crypto exposure and sit on your hands.
1 reply
0 recast
20 reactions
Redphone
@redphone
7. Can't wait to see what comes out of the White House on the crypto front as soon as Trump takes office. The man enjoys fireworks, and the memecoin launch makes me think he's going to deliver... memecoin success could embolden him in novel ways, make his do things on the executive order front that he was formerly on the fence about.
1 reply
0 recast
18 reactions
