Post
Topic
Board Bitcoin Discussion
Re: Trump selling his own token, is it a joke?
by
Zlantann
on 12/10/2024, 04:21:16 UTC
The token name is WLFI, which is open to everyone who qualifies through a whitelist. I know some are optimistic about Trump because of his positive stance on Bitcoin, but is it really necessary for him to create his own token? This discussion isn’t specifically about his token but more about the potential impact on the Bitcoin community. Many trust that if Trump wins, it could bring a positive effect to the Bitcoin space. What are your thoughts on this?

The news ----
https://www.coindesk.com/business/2024/10/11/trump-supported-world-liberty-financial-will-start-public-token-sale-next-week/

Donald Trump promised that if he became President again he wouldn't sell any Bitcoin that the US government owns. He made mention of making of buying more Bitcoin for the government and making the US the crypto capital of the world. By the the announcement of this public sale of this token we are gradually seeing what he means by making the US the crypto hub.
Quote
Members of the Trump family, including Donald Trump, publicly championed the project on social media, with the former president being titled as "Chief Crypto Advocate" Two of his sons, Eric Trump and Donald Trump Jr., are involved as "Web3 Ambassadors," while his other son Barron Trump is listed as "DeFi Visionary."
 

I guess that the Trump family sees the crypto industry as a means of making more money. If he becomes president, more shitcoin projects will be developed and his family and friends will spearhead them and make enormous profits. Bitcoin is the leader of the crypto industry, so his positive view of the industry might also have a positive effect on Bitcoin. But we should make it clear that Trump doesn't have a genuine love for Bitcoin but for what he would gain through it. 

https://www.coindesk.com/business/2024/10/11/trump-supported-world-liberty-financial-will-start-public-token-sale-next-week/