The election of Donald Trump has significantly contributed to the popularity of meme coins within the cryptocurrency market. This development has led to a surge in public interest in cryptocurrencies.
Google Trends Data
According to Google Trends, the search query “how to buy cryptocurrency” has reached its highest interest level globally. This marks one of the highest search values observed in five years, indicating a growing interest among people in investing in cryptocurrencies.
Trump and his wife Melania launched meme coins named TRUMP and MELANIA. These cryptocurrencies quickly reached a market value of several billion dollars. Experts believe this move has greatly assisted in bringing cryptocurrencies into the mainstream.
Expert Opinions and Future Expectations
Former Coinbase CTO Balaji Srinivasan stated that transferring tokens to blockchains is ethically acceptable. Meanwhile, analyst Trevorbtc pointed out that Trump’s memecoin initiative paves the way for relaxed cryptocurrency regulations in the U.S.
Balaji Srinivasan shared his views on the relationship between tokens and equity.
Trevor.btc claimed that Trump’s move serves as a catalyst for cryptocurrency liberalization.
The Overton Window theory defines what ideas and policies are acceptable in society. Trump’s actions regarding cryptocurrencies illustrate how this theory is shifting perceptions in the crypto space. With cryptocurrencies becoming mainstream, an increase in investors’ quest for knowledge is anticipated. However, there is no guarantee that this heightened interest will immediately convert into investment pressure.
These developments in the crypto markets continue to create new opportunities and risks for investors. How the markets will evolve remains to be seen in the coming period.
