The chief investment officer at a digital asset investment firm believes the launch of the Official Trump (TRUMP) memecoin has marked a new age in crypto adoption.
Arca CIO Jeff Dorman says on the social media platform X that the TRUMP meme token is “incredibly long-term bullish” for the digital asset industry.
[adinserter block="1"]According to Dorman, token issuers and investors have nothing more to fear from US regulators now that incoming President Donald Trump himself is both a crypto asset issuer and investor.
“Now, just because the President issued a memecoin doesn’t mean the entire world will only focus on memecoins. Trump validated the technology, yet introduced only one use case of the technology. Potential issuers and investors can see beyond this limited use case.
The Internet boom started with ‘dot-coms,’ companies that only existed because of the Internet. But most failed. The Internet grew when non-internet native companies began using the Internet. Now every company is a ‘dot-com.’ Walmart, Domino’s, JP Morgan, etc – all ‘dot.coms’ now.”
The Arca executive also notes that Trump’s move opens the door for companies operating outside the industry to dabble in crypto.
“TRUMP token just signaled to every company, municipality, university and individual brand that crypto can now be used as a capital formation and customer bootstrapping mechanism.
NYC will have a token.
Harvard will have a token.
Netflix will have a token.”
Dorman concludes his analysis by saying that the entry of non-crypto natives will likely lead to an explosion of creative use cases for blockchain and digital assets.
“We have now officially left the ‘dot-crypto’ phase of blockchain. All of the existing use cases of crypto are from crypto-native companies, but going forward, the whole world will now come up with creative ways to use tokens.
And once that happens, many of the current useless tokens and projects will die, but the biggest and best will thrive with millions of new investors, issuers, and users.”
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any assets including cryptocurrencies, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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