Jeff Dorman, chief investment officer of digital asset investment firm Arca, stated that the launch of the Official Trump (TRUMP) memecoin marks a new era in crypto adoption. Dorman stated on the social media platform that the TRUMP meme token is “extremely long-term positive” for the digital asset sector.
Regulation and Security
According to Dorman, the fact that President Donald Trump himself is both a crypto asset issuer and investor shows that token issuers and investors have nothing more to fear from US regulators. This creates a greater sense of security in the crypto market.
Dorman stated that just because Trump issued one meme coin does not mean that the entire world will focus only on meme coins.
“Trump confirmed the technology but introduced only one use of the technology. Potential issuers and investors can look beyond this limited use case.”
Expanding Crypto Ecosystem
Arca manager emphasized that this step of Trump opened the door for companies outside the sector to be interested in crypto.
“The TRUMP token demonstrated that every company, municipality, university and individual brand can use crypto as a capital generation and customer acquisition mechanism. TRUMP token was a signal that large companies such as Walmart, Domino’s, JP Morgan can now use crypto.”
Following the launch of the Trump meme coin, Dorman reminded that at the beginning of the internet, companies that only had internet presence gained importance, but the real growth occurred with well-established companies that adopted the internet.
Dorman said that crypto has officially moved out of the “dot-crypto” phase and creative ways to use tokens will now emerge all over the world. In this process, he predicts that existing unnecessary tokens and projects will be eliminated, but the biggest and best projects will develop with millions of new investors, issuers and users.
In light of these developments, the adoption of crypto by companies and institutions may lead to more comprehensive and creative uses of blockchain technology. New players joining the crypto industry, innovative projects and solid technologies are expected to move the industry forward.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
