Opinion: Trump Coin Represents a 'Masterclass' in Turning Presidential Power into Wealth

BlockBeats News, January 20th, according to Decrypt's report, on the day before President-elect Donald Trump is set to be sworn in as the 47th President of the United States, he and First Lady Melania Trump released their respective meme coins—Official Trump (TRUMP) and Melania Meme (MELANIA), causing a stir in the cryptocurrency community.

Analysts believe that this issuance is either a signal of the peak of the cryptocurrency market in history, or the first day of a new round of irrational prosperity in an industry that has already gone through several rounds of similar frenzies. TRUMP greatly enriched Trump's personal wealth, provided a mechanism for the cryptocurrency industry to send him cash, and created an unstable financial asset that allows anyone in the world to speculate on Trump's political fate economically.

Given the Supreme Court's broad interpretation of presidential immunity, such behavior is likely to be regarded as legal, and it can be said that Trump has demonstrated a masterful performance in transforming presidential power into wealth.