A week has passed and I have some observations from the $TRUMP event

1. President Trump is now the second largest crypto holder in the world on paper.  First being Satoshi Nakamoto with c. $30bn in $BTC.  President Trump currently stands at $25bn. With Binance at third place at $15Bn.  Yes, you can arguably say that President Trump's paper profits may never materialize but that is not the point.  The point is that in the span of 24 hours he became the second largest crypto holder (actually he surpassed Satoshi at $TRUMP ATH) and that now President Trump has a very, very big bag in crypto

2.  Crypto infrastructure, in this case the Solana infrastructure, proved capable of handling the significant surge in demand.  Although there were some difficulties: network congestion, delayed and failed transactions, Oracle issues,  CEX stop processing withdrawals, etc.  Regardless, the network didn't go down and continued processing blocks.   In contrast, TradFi IPOs require a lot of planning and preparation varying from weeks to months for large IPOs.   And even with these preparation, large IPOs have come with its own set of issues.

3.  Critical milestone.  It is undeniable that the $TRUMP launch has determined a paradigm shift in our industry.  It could be from signaling the top to the return of the Celebrity coin era.   Many people are expressing their opinions about what it signifies, but in my mind there is a clear structural change.  First one is legitimacy.  $TRUMP is a clear endorsement and validation of the head of the establishment.  This is a clear change of paradigm from the previous administration.  The USA is open for crypto business!  Second is mass adoption. Ok, we are far from mass adoption but this clearly showed us that the rails are in place and with the right incentives normies are going to join.  Lastly, most of the normies I spoke to who bought $TRUMP have no idea that they were operating in the Solana network.  They didn't care.  It could have been any network.  Let that sit with you.