TRUMP Memecoin is ‘incredibly long-term bullish’ for the cryptocurrency industry, says Arca’s CIO – and here’s why
The chief investment officer of a digital asset investment firm believes the launch of Trump’s official memecoin (TRUMP) marks a new era in cryptocurrency adoption.
Arca CIO Jeff Dorman He says Social media platform
According to Dorman, crypto issuers and investors have nothing to fear from US regulators now that incoming President Donald Trump himself is a crypto asset issuer and investor.
“Now, just because the president released a memecoin doesn’t mean the entire world will focus solely on memecoins. Trump has validated this technology, but only presented one use case for this technology. Potential issuers and investors can see beyond this limited use case.”
The Internet boom began with dot-com companies, which only existed because of the Internet. But most of them failed. The Internet grew when local offline businesses started using the Internet. Now every company is a “dot com”. Walmart, Domino’s, JP Morgan, etc. – all of them are now “dot.com”.
The Arca CEO also points out that Trump’s move opens the door for companies operating outside the industry to get involved in cryptocurrencies.
“The TRUMP token just signaled to every single company, municipality, university and brand that cryptocurrencies can now be used as a mechanism for capital creation and customer incentivization.
New York City will have a distinctive symbol.
Harvard University will have a unique symbol.
Netflix will have a token.”
Dorman concludes his analysis by saying that the entry of non-crypto citizens will likely lead to an explosion in creative use cases for blockchain and digital assets.
“We have now officially left the ‘crypto-points’ phase of blockchain. All current use cases for cryptocurrencies come from crypto-native companies, but from now on, the whole world will now come up with innovative ways to use tokens.
Once that happens, many existing useless tokens and projects will die, but the biggest and best will flourish with millions of new investors, issuers, and users.
Never miss an opportunity – sign up to get email alerts delivered directly to your inbox
Check price action
Follow us on X, Facebook and cable
Browse Hodl’s daily mix
 
Disclaimer: The opinions expressed in The Daily Hodl are not investment advice. Investors should conduct due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please note that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the purchase or sale of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated image: DALE3
