Bits + Bips: Debate: Is Trump’s Memecoin a Gift or a Grift? - Ep. 769
Episode publishedPodcast: UnchainedUnchained
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The stuff that happened this weekend with the meme coin launches and Trump, World Liberty Financial, which we didn't talk about, did buy a whole bunch of Ethereum and Bitcoin and sell some of their coins this weekend, 1,000,000 and 1,000,000 of dollars. So that was interesting, but I also like, this feels like something that hap like, if if the top was in, like, it would make sense to be, like, we're gonna we'll look back this 8 months 8 months from now and be, like, how could we have not have seen Trump launching 2 memecoins as not being the top? Hi, everyone. Welcome to Bits and Bits, explor
How's it going, everyone?
Also joined by Noelle Acheson, high seer and keeper of the Crypto is Macro Now newsletter. Hello,
everyone. Yeah.
We're here to discuss the latest stories in the worlds of crypto and macro. Just remember that nothing we say here is investment nice. Please check unchainedcrypto.com/bitsandbits for more disclosures. Alright. I figured the best way to get started here is just to get straight into the juicy social gossip side of things here in the crypto world, which there's a lot of it going on in the last week. So, Ron, you were actually at the crypto ball, which was the event of the, I don't know, the year so far, I guess. It's pretty early on. So why don't you give us a a rundown of who is there, any any
who you met and who you met. Want to hear that too.
Look. An incredible three days. So Friday was a day that Gensler walked out of the SEC. So they have this event called the crypto ball in DC, about 500 attendees, and some of the attendees include the entirety of Trump's economic team. So treasury secretary Scott Bessent, Howard Lutnick was there. The all in crew was there. The Winklevoss twins, Ryan Selkis, Don Junior, governor of the interior. Coinbase executives were there too. Michael Saylor, Nathan from Anchorage. Really, it was an incredible, grouping of of people in this one. You almost think that they kinda needed, like, a designated s
Were people surprised on the ground? Were there any was there there were some people there obviously who had been in on it, but what was the feeling when the word started to spread?
I I guess people some people are Internet. I don't know who they were. I don't I mean, I we were all surprised. I was going on Twitter, with my phone on the one hand and like a martini on the other, try and there's Soulja Boy in the background. Okay? This is like, you know, battlefield decision making progress. That's
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