TL;DR

Trump’s NFT resurgence mirrors past speculative bubbles, reminding us that hype often outweighs value. Those chasing quick riches might end up holding the bag.

Story

Another day, another crypto rollercoaster. Trump’s back, Bitcoin’s fluctuating, and the internet’s abuzz.

Trump’s NFT trading cards, launched in December 2022, saw an initial price surge, then a predictable crash. Now, with his re-emergence on the political stage, these digital collectibles are experiencing renewed, albeit volatile, interest. Some celebrate a “golden age,” others scoff. But beneath the hype lies a familiar pattern.

How It Happened: Like any speculative bubble, Trump’s NFTs initially thrived on scarcity (limited supply) and hype (celebrity endorsement). FOMO (fear of missing out) drove up prices, creating a classic pump-and-dump scenario. ‣ Pump and Dump: Artificially inflating an asset’s price through coordinated buying, then selling at the peak, leaving latecomers with worthless holdings.

The Impact: Those who bought high, dreaming of riches, saw their investments tank. Now, with renewed interest, they might see a temporary reprieve, but the underlying value remains questionable.

Lessons: *Celebrity endorsements don’t guarantee value. Remember Beanie Babies? *Beware of FOMO. It’s a powerful manipulator. *If it sounds too good to be true (NFTs making you rich overnight?), it probably is.

This echoes the 2008 housing crisis—irrational exuberance driving unsustainable prices. It’s a cycle as old as finance itself.

Conclusion: This isn’t about Trump or Bitcoin; it’s about understanding market psychology. Don’t get swept up in the frenzy. Be skeptical. Do your research. Or, like many before, you’ll learn a costly lesson.

Advice

Don’t invest based on hype or celebrity endorsements. Research before you leap, especially in volatile markets like crypto.

Source

https://www.reddit.com/r/WallStreetBetsCrypto/comments/1j3ukg6/the_golden_age_has_just_begun/