Crypto used to be a niche, boutique interest among a certain subset of tech-minded investors and political dissidents, but as Mr. Trump’s recent actions have shown, that’s no longer the case, according to Paul Mullen, who writes that “crypto is becoming mainstream.”
It’s been a “whirlwind media time for crypto of late,” writes Mr. Mullen, who emphasizes how “anticipation over the country’s first pro-crypto president pushed bitcoin over the $100,000 mark. Then, just before Mr. Trump took office, he and first lady Melania Trump each launched their own official cryptocurrency token, or ‘meme coin.’”
“In the end, only the best crypto(s) will stand the test of time,” writes Mr. Mullen, the RISE Campaign coordinator and a senior associate for marketing at The Heritage Foundation. “But as belief in the crypto meme grows, it will shape not only markets, but the very way we think about value and money.”