A Donald Trump United States presidency would be “bearish” for memecoins

A Donald Trump United States presidency would be “bearish” for memecoins, which have prospered as “a statement against the unfair,” a finance professor said.

A Donald Trump U.S. presidency would be “bearish” for memecoins, which have prospered as “a statement against the unfair,” a finance professor said.

After a tumultuous four years in the White House, Trump has announced his candidacy for the 2024 presidential election.

During his 2016 campaign, Trump was largely viewed as an outsider candidate, and his policies were largely unknown. However, he campaigned on a platform of change, and he was able to mobilize a large base of support.

One of the key issues in the 2016 election was the role of government in the economy. Trump argued that the government had become too involved in people’s lives and that he would cut taxes, deregulate businesses, and reduce the size of the federal government.

These policies were seen as being favorable to businesses and investors, and they helped to boost Trump’s candidacy.

After he was elected, Trump moved quickly to implement his economic agenda. He signed a large tax cut bill, which reduced taxes for businesses and individuals.

Trump also rolled back several regulations that had been imposed by the Obama administration, including regulations on banks, environmental protection, and labor unions.

These policies helped to spur economic growth and reduce unemployment. The U.S. economy grew at a rapid pace during Trump’s first two years in office, and the unemployment rate fell to a 50-year low.

However, Trump’s economic policies were also controversial. His critics argued that his policies favored the wealthy at the expense of the poor and middle class.

They also argued that Trump’s policies had led to a widening of the income inequality and that they had failed to help the people who were most in need.

Despite the criticism, Trump’s economic policies were popular with his supporters. They credited him with improving the economy and creating jobs.

Trump’s supporters were also enthusiastic about his foreign policy. Trump took a tough stance on China and Russia, two countries that had been viewed as adversaries by the U.S.

He also withdrew the U.S. from the Trans-Pacific Partnership trade agreement and the Paris climate agreement, two agreements that were seen as being unfavorable to the U.S.

These actions were seen as a sign that Trump was putting America first in his foreign policy decisions.

His rhetoric on crypto seems to have paid off, at least for the limited numbers who will vote for a pro-crypto candidate.

After nearly two terms of a U.S. president who ran on a platform largely focused on crypto, Count Dante Malekan, a finance professor at Boston College, said the return of former President Donald Trump would be “bearish” for memecoins, which have prospered as “a statement against the unfair.”

“People get tired of the same old narratives in crypto after a while, like how memecoins are here to stay because they represent the hopes and dreams of the little guy and how they're a statement against the unfair,” Malekan said.

“Regulatory sanity in America is bad for memecoins because it refocuses crypto on DApps and other things that actually matter, leading to a prolonged bear market where most people lose money on them,” Malekan added.

There’s also strong opposition to Malekan’s theory, with some arguing that memecoin traders aren’t interested in politics and their popularity has little to do with government policies.

Mahmudov claimed the popularity of memecoins is closely tied to the “persistently rising global money supply” — which aims to free up money to consumers to stimulate spending — which he said won’t stop under Trump.

“The whole point of memecoins is that they're supposed to be unserious, and people are only interested in them when there’s plenty of money around to go crazy with,” Mahmudov said.

Crypto trader Jordan Fish — who goes by “Cobie” — said memecoins are popular “because people want to buy things where the price can go up.”

Fish said that even if the SEC under Trump became more crypto-friendly, many crypto users wouldn't buy into non-memecoins listed on exchanges like Binance with high market capitalizations where others were able to buy tokens in an earlier “privileged access round.”

“The only SEC pivot that would matter would be creating a crowdfunding-type exemption for decentralized token projects,” Fish said.