The Trump Crypto Era Begins with a Surprise Memecoin

The Breakdown

Blockworks

Investing, Business

4.8 • 786 Ratings

🗓️ 22 January 2025

⏱️ 13 minutes

🔗️ Recording | iTunes | RSS

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Summary

No day 1 executive orders on crypto, but we did get one of the craziest and most massive memecoin launches ever, courtesy of an official Trump memecoin promoted by the then-President Elect. The launch has Crypto Twitter feeling all sorts of ways. Sponsored by: Ledn Need liquidity without selling your Bitcoin? For 6+ years, Ledn has been the trusted choice for Bitcoin-backed lending. With transparency, security, and trust at our core, we help you access your BTC’s wealth while HODLing. Discover what your Bitcoin can do at ledn.io/borrowing. Enjoying this content? SUBSCRIBE to the Podcast: https://pod.link/1438693620 Watch on YouTube: https://www.youtube.com/nathanielwhittemorecrypto Subscribe to the newsletter: https://breakdown.beehiiv.com/ Join the discussion: https://discord.gg/VrKRrfKCz8 Follow on Twitter: NLW: https://twitter.com/nlw Breakdown: https://twitter.com/BreakdownNLW

Transcript

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0:00.0	Welcome back to The Breakdown with me, NLW.
0:09.3	It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world.
0:18.3	What's going on, guys? It is Tuesday, January 21st, and today we are catching up on the very
0:22.7	beginning of the Trump presidency era of crypto. Before we get into that, however, if you are
0:27.2	enjoying the breakdown, please go subscribe to it, give it a rating, give it a review, or if you want
0:31.1	to dive deeper into the conversation, come join us on the Breakers Discord. You can find a link in
0:35.1	the show notes or go to bit.ly slash breakdown pod.
0:38.2	All right, friends, well, the Trump era of the crypto industry has officially begun.
0:43.4	Yesterday, Donald Trump was sworn into office as the 47th president of the United States.
0:47.8	In his inaugural address, Trump touched on many topics from free speech to a promise of a
0:52.6	forthcoming golden age for America, to the need
0:55.0	to reclaim the Panama Canal, and yet discussion of Bitcoin and crypto was completely absent.
1:00.6	Many on crypto Twitter were aghast at this, and some reminded people that they probably shouldn't
1:05.3	be surprised that the new president had more important things on his mind than shouting out
1:08.7	their tokens.
1:10.0	Wormhole Labs developer Arthur wrote,
1:12.0	Y'all beg in Trump to mention crypto like a little kid begging his mom for candy
1:15.2	while she's trying to get through a shopping list of actual food.
1:18.2	BitPain wrote,
1:19.3	You realize this was the acceptance speech for the presidency of the United States,
1:22.6	not a Bitcoin conference follow-up address, right?
1:25.2	After the speech, tension shifted to the massive pile of
	...

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