Trump Launched a Shitcoin.

Here's what you need to know🧵

Trump pandered to #Bitcoin voters, making bold promises—Strategic Bitcoin Reserve, freeing Ross, friendlier regulations, and more.

Then, just before his inauguration, he launches $TRUMP, a memecoin.  

🔹Insiders own 80% of the coin’s 200m supply that is expected to grow to 1 billion over three years.
🔹No utility, just pure degeneracy
🔹Trump has reportedly already cashed out $500M

This makes the entire industry look like a scam to outsiders. Instead of showcasing the best of "crypto" and standing for Bitcoin, freedom, and sovereignty, Trump chose to enrich himself through the very scams we have been advocating against for years— and at the expense of those gullible enough to trust him. It's an embarrassement and middle finger to many Bitcoin voters.

While it remains to be seen which other initiatives and policies will be pursued going forward, this is undeniably as bad as it could have possibly started for a supposedly "pro-bitcoin" administration. If you can't accept that, step out of ideology and into reality.
#Bitcoin #TRUMP