Chief investment officer of a digital assets investment firm, believes that the Official Trump memecoin (TRUMP), launched in 2017, has created a new era for crypto adoption.
Arca CIO Jeff Dorman said on social media platform X, that the TRUMP meme token is “incredibly bullish for the long-term” in the digital assets industry.
Dorman says that token investors and issuers have no more reason to be concerned about US regulators, now that Donald Trump is a cryptocurrency asset investor and issuer.
“Now, simply because President Trump issued a memecoin does not mean that the world’s attention will be solely focused on memecoins. Trump has validated this technology but only introduced one application. Investors and potential issuers can look beyond the limited application.
Dot-coms were companies which only existed on the Internet. But most failed. Internet usage grew as non-internet companies adopted the internet. Every company has become a “dot.com”. Walmart, Domino’s and JP Morgan are all “dot.coms” now .”
Arca’s executive notes also that Trump’s decision opens up the crypto market to companies outside of the sector.
The TRUMP token has just sent a signal to all companies, municipalities, universities and brands that cryptocurrency can be used for capital formation as well as customer bootstrapping.
NYC has a token. Harvard also has a token. Netflix is going with a Token.”
Dorman concluded his analysis with the statement that non-crypto Natives entering blockchains and digital assets will lead to an explosion in creative uses cases.
We have officially moved beyond the “dot crypto” phase of Blockchain. “We have now officially left the ‘dot-crypto’ phase of blockchain.
“Millions of investors, users, and issuers will be attracted to the best projects and tokens.
Join us at X@InvCryptoDaily to never miss a beat.
Sources of Images: Pixabay Creative Commons DALLE3
The post TRUMP Memecoin is a ‘long-term bullish’ crypto industry, says Arca CIO. Here’s why may change as new information becomes available.
This site is for entertainment only. Click here to read more
