Where is Jeo Boden? The Fall of Trump Meme Coins

Institutional Crypto Research Written by Experts

Author

Markus Thielen
September 10, 2024

👇1-10) We anticipate that today's Trump vs. Harris debate will have minimal immediate impact on Bitcoin, with any effects likely to become more apparent in the coming weeks. In contrast, the forthcoming CPI report, due 12 hours later, and next week's FOMC meeting are expected to influence Bitcoin's movement significantly.

👇2-10) Bitcoin has shown little positive response to the recent rise in Trump's election odds (Polymarkt 52% Trump vs. 46% Harris). The declining interest in political meme coins, which reached nearly $2 billion in combined market capitalization in Q2 2024, indicates that other factors drive the cryptocurrency market.

👇3-10) The Bitcoin narrative has shifted towards aligning with the established systems it initially sought to disrupt. This includes perceived reliance on Wall Street ETFs, the SEC's regulatory authority, and even the outcome of the upcoming U.S. presidential election. In truth, the Bitcoin movement remains fundamentally indifferent to these dynamics, as it always has. However, this doesn't mean Bitcoin won't gain a positive boost from a potential Trump victory.

Trump meme-coin MAGA and catalyst / key events

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