Memecoins are very different from Bitcoin and are more like cultural phenomena. While Bitcoin is a secure, decentralized currency with limited supply, perfect for protecting against inflation. This is what Emelie Moritz, CEO of Safello, told Kaupr.
Memecoins like $TRUMP and $MELANIA are very different from bitcoin. Bitcoin is envisioned as a digital equivalent of gold — a secure, decentralized currency with limited supply, perfect for protecting against inflation. Emilie Moritz, CEO of Swedish crypto exchange Safello, told Kaupr.
Safello has no immediate plans to make memecoins like $TRUMP and $MELANIA available to Safello's customers. “Not right now, we will announce in our social channels if we add them,” says Moritz.
Moritz sees memecoins like $TRUMP and $MELANIA as cultural phenomena, and explains: “They're based on hype and trends rather than technological basis or practical use. They attract speculators quickly, but their value is mostly guided by what people think, media reporting and market psychology”.
According to the Safello boss, Trump is using his memecoins to reach a younger, tech-interested audience and to strengthen his brand. “If memecoins become too dominant, it risks undermining the long-term credibility of cryptocurrencies. Bitcoin, on the other hand, has a more stable role and could become a tool for the United States to lead the digital economy — if used smartly, for example, as part of a government reserve”.
About Trump's new presidential term, Moritz says: “Trump is expected to pursue a very crypto-friendly policy in his new term. He has already made it clear that cryptocurrencies should be a central part of his economic strategy, focusing on innovation, simpler regulations and more jobs in the sector. Tax breaks and clearer regulations can attract more crypto companies to the United States and strengthen the country's leading role in blockchain.”
Moritz also believes that a lot will change if the proposal for a government bitcoin reserve becomes a reality. “It would give bitcoin greater legitimacy, increase demand globally and cause other countries to follow suit, something that would drive the global adoption of cryptocurrencies.
“Trump can also use crypto policy to challenge China's dominance in digital currency and blockchain, while strengthening the dollar's position,” said Moritz, who also underscores the risk picture: “Without clear rules, it can lead to fraud and market manipulation. In addition, his policies could create tensions with countries like the EU, which advocate tougher regulations on the crypto market,” said Moritz.
Memecoins are very different from Bitcoin and are more like cultural phenomena. While Bitcoin is a secure, decentralized currency with limited supply, perfect for protecting against inflation. This is what Emelie Moritz, CEO of Safello, told Kaupr.
Memecoins like $TRUMP and $MELANIA are very different from bitcoin. Bitcoin is envisioned as a digital equivalent of gold — a secure, decentralized currency with limited supply, perfect for protecting against inflation. Emilie Moritz, CEO of Swedish crypto exchange Safello, told Kaupr.
Safello has no immediate plans to make memecoins like $TRUMP and $MELANIA available to Safello's customers. “Not right now, we will announce in our social channels if we add them,” says Moritz.
Moritz sees memecoins like $TRUMP and $MELANIA as cultural phenomena, and explains: “They're based on hype and trends rather than technological basis or practical use. They attract speculators quickly, but their value is mostly guided by what people think, media reporting and market psychology”.
According to the Safello boss, Trump is using his memecoins to reach a younger, tech-interested audience and to strengthen his brand. “If memecoins become too dominant, it risks undermining the long-term credibility of cryptocurrencies. Bitcoin, on the other hand, has a more stable role and could become a tool for the United States to lead the digital economy — if used smartly, for example, as part of a government reserve”.
About Trump's new presidential term, Moritz says: “Trump is expected to pursue a very crypto-friendly policy in his new term. He has already made it clear that cryptocurrencies should be a central part of his economic strategy, focusing on innovation, simpler regulations and more jobs in the sector. Tax breaks and clearer regulations can attract more crypto companies to the United States and strengthen the country's leading role in blockchain.”
Moritz also believes that a lot will change if the proposal for a government bitcoin reserve becomes a reality. “It would give bitcoin greater legitimacy, increase demand globally and cause other countries to follow suit, something that would drive the global adoption of cryptocurrencies.
“Trump can also use crypto policy to challenge China's dominance in digital currency and blockchain, while strengthening the dollar's position,” said Moritz, who also underscores the risk picture: “Without clear rules, it can lead to fraud and market manipulation. In addition, his policies could create tensions with countries like the EU, which advocate tougher regulations on the crypto market,” said Moritz.
