Watching the Trump coin (available on SlopeCharts under the easy to remember ticker $TRUMP) is fascinating. I’m not sure if this thing is kind of like a popularity poll or, like Bitcoin, a proxy for the general risk on/risk off zeitgeist. It blasted from pennies to almost $80 in a few days, and since then has withered away to less than a third of its peak. I pretty much is guaranteed to be worth $0 by January 20, 2029, but I truly wonder what spasmodic actions are going to take place in between.
Actually, that screenshot is badly out of date, because the “coin” keeps falling. It’s in the teens now, and by the time you read this, who knows.
Of course, it could be even worse………..
