Why Lyn Alden Isn't a Fan of Trump’s Memecoins, but Neutral on a Strategic Bitcoin Reserve - Ep. 768
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Mike's strategy's kinda served that need well. And I think it's rational that anytime they traded a big premium for them to either issue equity, issue convertibles, and things like that to benefit from that premium for their shareholders. And I think that that will kind of go until it exhausts itself in a similar way that GBTC, when that was kind of the main vehicle people had, it it traded at a premium. And then there are people that could arbitrage that premium, and that that obviously ended poorly for some for many. I think MicroStrategy is in a similar position, but I think it's better man
Hi, everyone. Welcome to Unchained, your no hype resource for all things crypto. I'm your host, Laura Shin. We are now featuring quotes from listeners on the show. Today, we have a comment from Winfred Kuo on x, weighing in on my conversation with Sodo Watanabe about Sonium's meme coin blacklist, which sparked quite a bit of controversy. Winfred Kuo writes, quote, IP protection does not equal centralization. Decentralization does not mean you can infringe on IP. To hear your comment on Unchained, write a review of the podcast or leave a comment on the episode on YouTube or x. This is the Janua
to be back. It's been a while. Yeah.
It has been. And what a time for us to be recording. We're chatting Monday morning after a pretty wild weekend on Friday night, hours after Gary Kounselor left the SEC. And And around the time of the crypto ball, actually, president Donald Trump released a meme coin, 80% of which was actually locked up for insiders, and it quickly reached about a $15,000,000,000 market cap. On Sunday, the day before inauguration, his wife Melania leased her own meme coin, 80% of 87% of which was locked up for insiders, and that actually caused the price of Trump to plummet, which prompted comments that Trump w
overall, I'm not really supportive of the whole meme coin space. I I think, you know, we've seen different narratives throughout the crypto cycle. So there was ICOs, there was DeFi, there was NFTs. And this particular cycle has been the the weakest narrative so far, which is just memes. It's kinda like the the cynical or the nihilistic end result of a lot of this that's been kind of trying and failing to find kinda sustained product market fit. I guess the best thing that could be said about it is that it's more transparent than the others. It's basically and there's no pretense of a product o
I think, you know, it was interesting to see that dichotomy between how the crypto or Bitcoin community reacted, you know, after his speech last summer at the Bitcoin conference versus this past weekend. A lot of people were kind of disavowing. There there were some people who were pro, but it was very mixed initially. And then after the Milani meme coin, it was definitely was very negative. But one other thing that concerns me is just, you know, I do think there's probably a lot of everyday people who this was their first time really participating in anything having to do with blotchings what
mean, I think the the assumption, and this hasn't really changed before or after the meme coin launch, is that the SEC and and other groups will be less, you know, positioned to go after various types of crypto security launches. And so there there's kind of an implicit green light there. I would still advise caution because, you know, sometimes rules don't apply evenly, and then there's still, of course, an ethical overlay to the whole thing. So I do think that'll the administration probably be seen as a less aggressive regulator of some of this, and so som
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