Just like you already laid out the question, was it really necessary for him to create his own token, no it wasn't, but what is the reason why he created the token? As a US President, I doubt if the reason why he created that token was to defraud people of their money just like so many altcoins will do. I strongly believe that he has his own reasons why the token was designed. I was wondering if it's to enrich himself or actually identify those that are fully into crypto, after which they will be identified and the amount of Bitcoin they own.
Bitcoin is generally authorized and legalized in the United States, you do know that? Donald Trump was the ex president for the United States of America, his regime was smoothly and strictly structured for the development of his country, although he does possess his flaws, all current and ex presidents exhibits that feature. Trump is already self-made, he's successful and consider to be on the lists for world most powerful people, we all know the kind of man he is, very aggressive when it comes to his rules been breaches, he doesn't hesitates to punish offenders. Although he's a good man, apart from his roughly harsh comments on Twitter often, Trump has his own reasons for creating his own native coin in the crypto space. He has purpose for actually indulging in crypto activities, but one thing is for sure, whatever reason he has, it already linked to the upcoming US 2024 presidential election.