Compass Investments

Crypto vs. Dollar

📌 Cathie Wood Passes On Trump Meme Coin, Poll Shots Investors Split With 58% Say This Meme Coin Official Trump The TRUMP/USD linked to President Donald Trump was It was launched before the inauguration on January 20 and has taken the cryptocurrency sector by storm.

According to a new poll, readers are divided on whether they should buy the coin. Cryptocurrencies

According to a new poll, readers are divided on whether they should buy the coin.

What happened: a post on X and Truth Social announced the official launch of Trump’s coin.

Instead, the launch took place before Trump officially became president, and he later admitted his involvement with cryptocurrencies.

Much of the coin supply is controlled by companies associated with Trump, but private investors are also buying up coins. This and other factors may discourage cryptocurrency hoarding. ‘Would you buy coins with memes about Trump?

Benzinga recently asked its readers this question.

The results are as follows: the poll, which was conducted on January 21-22, received mixed reactions from readers, with the majority in favor of not buying coins. At the time of the poll, TRUMP was trading between $36 and $48.

At the time of writing, the coin was trading at $27.02 and has continued to fall since Trump’s inauguration.

the CEO and founder of Arc Invest. Katie Wood is a big supporter of bitcoin at BTC/USD and is no stranger to cryptocurrencies, investing in both BTC and cryptocurrency related companies.

In a recent interview, Ms. Wood said that the official Trump coin is a meme coin

He said that it is part of Ark and that Ark avoids memes.

I mean, one of the benefits of owning this coin is the assumption that you’re going to meet President Trump. We don’t know if that’s true or not. But at this point, we don’t know how useful this coin is other than being a meme of President Trump, Wood said.

According to Wood, Arc Invest is not involved in buying meme coins like Trump’s, and

Big 3 coins.

We prefer to invest in cryptocurrencies, namely bitcoin, Ethereum ETH/USD and Solana SOL/USD, the fund manager said.

Arc Invest’s CEO endorsed Trump for the 2024 presidential election.

Why ethereum matters: even though Trump’s coin has fallen 26% in the past seven days, cryptocurrencies associated with the sitting president have attracted a lot of attention, with 42% saying they would consider buying it, indicating the potential longevity of the coin

Benzinga also recently asked which Trump-related celebrities would be the first to reveal that they own Trump coins. Elon Musk won that poll with 61% of the vote. The Tesla CEO will likely reveal his ownership of the coins in a tweet or interview, but has not disclosed them so far.

Marjorie Taylor Green (Republican), MPH, came in second with 20% of the vote. Under the Funds Act, Green must disclose her purchases within 45 days.

Follow Benzinga’s Government Trading page to see the disclosure of stocks, options and cryptocurrencies purchased by the congresswoman.

Trump’s coins were 1 on Jan. 19 at a record high of $75.35 and have since fallen. Since launch, the coin has traded between $6.24 and $75.35.

Bitcoin

Bitcoin

$96,682.85

BTC -0.31%

Ethereum

Ethereum

$2,804.43

ETH 4.17%

Binance Coin

Binance Coin

$678.61

BNB 0.58%

XRP

XRP

$2.71

XRP -0.55%

Dogecoin

Dogecoin

$0.27

DOGE -0.36%

Cardano

Cardano

$0.82

ADA 6.42%

Solana

Solana

$185.10

SOL -2.66%