Ki Young Ju, CEO of CryptoQuant, emphasized that digitization will significantly influence political processes. He highlighted that the power of narrative in politics could enable cryptocurrencies to occupy a crucial space within this realm. In his remarks on social media, he noted that cryptocurrencies grounded in political narratives could reach broader audiences.
The Connection Between Politics and Cryptocurrencies
According to Ju, politics presents a significant potential area for the cryptocurrency world. The nature of political processes, which inherently appeals to large audiences and involves controversial themes, can facilitate the use of cryptocurrencies in these contexts.
Political parties can offer their own cryptocurrencies, allowing members to invest and feel more connected to party policies. Such initiatives can provide financial support to political movements while creating opportunities for deeper engagement with the digital economy. The recent launch of the Trump digital asset is cited as a precursor to such endeavors.
Selective Altcoin Season and Institutional Adoption
Ju addressed the current cryptocurrency market conditions, stating that only specific altcoin groups have shown strong resistance. Institutional adoption has allowed assets with stable values and popular themes to stand out despite market pressures.
Many altcoins outside of Bitcoin $0.000034 struggle to adapt to market conditions. However, infrastructure-focused projects with high adoption rates can turn this period into an opportunity, and political-themed projects are expected to be included in this category.
Projects that support social movements or incorporate political themes continue to attract investor interest due to their compelling narratives. This trend is anticipated to develop further, potentially leading to new economic models in the cryptocurrency market.