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Home»ALTCOIN NEWS»TRUMP Memecoin could replicate capital requirements similar to the 2017 ICO craze, according to investor Chris Burniske.
ALTCOIN NEWS

TRUMP Memecoin could replicate capital requirements similar to the 2017 ICO craze, according to investor Chris Burniske.

By Crypto FlexsJanuary 21, 20253 Mins Read
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TRUMP Memecoin could replicate capital requirements similar to the 2017 ICO craze, according to investor Chris Burniske.
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Investor Chris Burniske says Donald Trump’s recent launch of his official memecoin could help open a new phase of free experimentation and capital flow in the cryptocurrency space.

Burniske, a former ARK analyst and current partner at venture firm Placeholder, said in a post on social media platform They say there is. You start your project in a similar way.

President Trump launched TRUMP late Friday and its fully diluted value (FDV) soared to $64 billion.

Burniske said TRUMP’s launch could trigger a similar phase to the 2017 ICO boom.

“It may also be similar to Ethereum’s ‘The DAO’ moment in 2016, which was a major lightning rod topic, but after raising ~$150 million very quickly (catching eyeballs everywhere), I think this is the 2017 ICO craze. I believe it triggered it. People see the scale at which something can be done and are encouraged to experiment.

Unauthorized innovation is rough, messy, and sometimes extremely cringe-inducing, but it is representative of society as a whole. I encourage everyone to look at all sides of a situation and its consequences, even if the knee jerk reaction is negative.”

Investors ultimately expect a return to the “fundamentals” of cryptocurrencies, with a focus on Bitcoin (BTC), stablecoins, and “quality” staking coins, despite a potential phase of extreme speculative enthusiasm. They say there is.

“Although reality rarely lives up to the mental hype (2013-2017 was a time when anything was optimistically possible), we are making great progress and some of the most important things are ‘back to basics’, e.g. BTC as a savings account, a stablecoin that reduces the cost of global mobile communications via the Internet Protocol to ~0, a high-quality staking coin as digital real estate in the new economic zone, etc.).

But yes. In ‘mainstreaming’ the ideals are often diluted and the soul of the original movement diluted.”

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Disclaimer: Opinions expressed on The Daily Hodl do not constitute investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrencies, or digital assets. Please note that your transfers and transactions are entirely at your own risk and you will be responsible for any losses you may incur. The Daily Hodl does not recommend the purchase or sale of any cryptocurrency or digital asset, and The Daily Hodl is not investment advice. The Daily Hodl engages in affiliate marketing.

Featured image: Shutterstock/sci-fion/SensVector

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