Trump encodes currencies with a “madness of speculation” mark in the market, says the famous seller

President Donald Trump and First Lady Melania Trump draws new coins Doubt from some prominent investors – Even those who bet on the market.

A famous brief sellers told Yahoo Finance this week that he would take distinctive symbols.

“These things have no fundamental value. They are just devices of measuring the amount of liquidity there and the amount of speculative frenzy,” said Carson Block, founder and chief investment employee in Moody Watermers Capital. In an interview With Yahoo Financing last week. “Now, all signs are reading a lot.”

He added: “For short, something in the midst of speculative frenzy is a really bad idea. When it is not related to reality, it can become unrelated to reality before it becomes associated with reality. So I will not touch this.”

On Wednesday, the official Mimi symbol of Trump (Trump-US Dollar)) It was traded just over $ 27 after it reached a height of $ 73 alert the day before the installation. The maximum currency market currently exceeds $ 5 billion.

Meemy Mimi currency (Melania-USD), Which was launched the day before to take office, rose to the highest level in nearly 5 dollars before it decreased to about 2.30 dollars each.

The president went with an encryption. On Wednesday, Trump Group Media and Technology (Djt)) Arrows jump 15 % After the parent company announced that it will expand in financial services and perhaps buy bitcoin (BTC-UsdOther digital symbols.

Distinctive symbols Meme are encrypted currencies inspired by online ames, artwork or pop culture. Hundreds of these symbols are present. It includes the famous Dogecoin (Dog UsdShaiba Eno (Gray), Both of them include dog pictures.

But prominent investors criticized such symbols. According to Greenlight Capital David Einhorn, the founder of Greenlight Capital David Einhorn warned of Meme Coin in a recent message, noting that “we have reached the” Fartcoin “stage of the market cycle. It was referring to the Mimi currency with the same name.

In an interview with Yahoo Finance in World Economic Forum in Davos, SwitzerlandThe founder of Skybridge Capital Anthony Scramuchi said that retailers can leave “carrying the bag” on both Trump currencies amid volatile fluctuations. Scaramuccci was the former White House contact manager during the first period of Trump.

Disclosure at the bottom of the Trump and Melania currency Site sites They are not intended to be, or to be a subject, an investment opportunity, an investment contract, or security of any kind. “

The story continues

When a reporter was asked about the symbol on Tuesday, Trump replied, “I don’t know much about it, unlike his launch. I heard it was very successful. I did not check it – where is it today?”

The launch of Meme Tokens has a violent reaction from the encryption advocates who say they are seriously producing industry efforts.

“The encryption community is slightly embarrassed by this,” said Rick Edelman, founder of the Financial Professional Council of Digital Assets.

“We have to carry a kind of our nose to see that this will be a side width along the path of legitimacy, growth, development and reaching billions of people around the world,” said Edelman.

Anas Ferry is a great business correspondent in Yahoo Financing. Follow it on X in Ins_Ferre.

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