TL;DR
A president-elect launching a meme coin days before inauguration is raising serious ethical concerns and sparking fears of a market crash, reminiscent of past financial crises.
Story
“WTF?! A president releasing a meme coin days before inauguration?!” That’s the collective shriek echoing across the internet. We just dodged the Hauk Tuah girl rug pull, and now this? It feels like a bizarre crossover episode of Futurama and The Simpsons gone wrong. Forget the inevitable rug pull for a second; this is wrong on so many levels.
Imagine any government official declaring, “Hey, I’m launching a special dollar bill tomorrow! 80% is owned by my family and friends, but trust me! I’ll tell you when the price goes up or down.” It’s like a twisted game show where the host rigs the wheel. This isn’t about politics; it’s about basic ethics. Even the Queen of Egypt couldn’t pull this off. The coin’s up nearly 1000% since Friday night. While impressive, this is the face of America now? I’m not okay with that. I was willing to give him a chance, but this makes it tough.
This reminds me of other market crashes. Remember the dot-com bubble? People poured money into internet companies with no real value, and the market imploded. Or the 2008 housing crisis? Banks gave out risky loans, the market collapsed, and millions lost their homes. This meme coin feels like a ticking time bomb. When it explodes, it could take the whole crypto market down with it, destroying good projects along the way. If a regular Joe launched a sketchy coin, people would laugh. But when the president does it? That’s terrifying. It normalizes reckless behavior and erodes trust in institutions.
Many are calling this a blatant cash grab, preying on supporters. It’s a dictator move, not something expected in a democracy. This isn’t just a joke; it’s a dangerous precedent. We need to call this out for what it is: a scam.
Advice
Don’t invest in meme coins launched by politicians. It’s a gamble, not an investment. Stick to sound financial principles and avoid get-rich-quick schemes.