Trump is a businessman, crypto degens should know better

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Trump is a businessman, crypto degens should know better

_{//business-finance.news-articles.net/content/202 .. usinessman-crypto-degens-should-know-better.html}
^{Published in Business and Finance on Monday, January 20th 2025 at 10:00 GMT by MSN}

What a weekend it has been for Donald Trump and his family; they've actually made the crypto market their personal circus by launching memecoin after memecoin. Every corner of crypto social media is hosting fierce debates between "this is going to end badly" and the investor optimism of "Trump is big for crypto.

The article from MSN discusses the intersection of former President Donald Trump's business background with the cryptocurrency community, often referred to as "crypto degen" culture. It highlights how Trump's image as a successful businessman, despite his controversial political career, resonates with some in the crypto world who admire his brash, risk-taking approach. The piece points out that while Trump has shown interest in cryptocurrencies, especially Bitcoin, his involvement and understanding of the technology are often superficial. It critiques the crypto community for potentially overlooking Trump's business failures and legal issues in favor of his persona as a deal-maker. The article suggests that crypto enthusiasts, known for their skepticism towards traditional finance and politics, should apply the same scrutiny to Trump's business acumen and his engagement with digital currencies. It warns that aligning too closely with Trump could lead to reputational risks for the crypto industry, given his polarizing nature and the regulatory scrutiny he might attract.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/other/trump-is-a-businessman-crypto-degens-should-know-better/ar-AA1xwaOn ]

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