In my opinion, any crypto without government backing or regulation is a scam, designed so the top 1% of coin holders profit while everyone else loses money.
Trump's new meme coin has the potential to undermine the U.S. Dollar as the world's reserve currency. That shift benefits bad actors, not the American people.
For example, Trump's coin enriched just 58 wallets, while an estimated 764,000 investors lost money. Their investments collapsed, while a tiny percentage made massive gains.
Not to mention, most of the people who purchased Trump's Dinner Seats were foreign wallets.
Beware of cryptocurrency.
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