As Trump's own meme coin $TRUMP reached a market cap of $14.54 billion in just two days, demonstrating the incredible potential of meme coins; gold bull Peter Schiff also joked about it, suggesting that the token could be included in personal retirement account reserves, or emulate MicroStrategy's strategy to leverage $TRUMP for Trump Media and Technology Group.
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ToggleSchiff: $TRUMP Deserves to be Called Digital Gold
Within just a few days, the meme coin $TRUMP has caused a market sensation and quickly become the focus of the cryptocurrency world, with its price surging 40,000% since last Friday.
In this regard, Peter Schiff, Chairman of precious metals trader SchiffGold, joked in a post: "It took Bitcoin 8 years to reach the market cap that $TRUMP achieved in just two days."
The market cap of $TRUMP is already 50% higher than the world's largest gold producer Newmont (NEM). Clearly, it has more value storage function than Bitcoin, and is the new "digital gold".
(The Next Crypto President? What Can Trump's Meme Coin $TRUMP Revolution Bring?)
$TRUMP as Strategic Reserves?
At the same time, Schiff also jokingly suggested that to further enhance the global status of $TRUMP, it could also be considered to be included in national-level strategic reserves:
We should establish strategic reserves and require that all personal retirement accounts (IRAs) allocate 10% to $TRUMP, while imposing a 100% tariff on countries that do not allocate 10% of their foreign exchange reserves to $TRUMP.
(The Rise of Digital Gold, Can Bitcoin Replace Gold as National Reserves or De-dollarization Tool?)
Why Not Emulate MicroStrategy's "21/21 Plan"?
Schiff further joked that Trump Media and Technology Group (TMTG) could perhaps emulate MicroStrategy's Bitcoin flywheel strategy and add $TRUMP to the company's balance sheet:
In this way, TMTG could issue convertible bonds and sell shares using its own cash, and use the raised funds to buy more $TRUMP, thereby driving up the price.
He added, "This virtuous cycle could even make Trump's net worth surpass Musk's."
However, in fact, this "price growth-driven capital inflow" model is a high-risk financial leverage operation that is prone to rapid collapse due to market confidence shocks. It may be feasible for Bitcoin, but using meme coins to adopt this strategy could jeopardize the company's financial stability and lead to legal risks.
Even though $TRUMP's rapid rise has become a major speculative tool in the crypto market, its future stability and long-term value will depend on whether it can successfully integrate into more practical application scenarios and gain broader support. As its global influence grows, whether $TRUMP can continue to survive remains to be seen.
Risk Warning
Cryptocurrency investment is highly risky, and its price may fluctuate violently, and you may lose your entire principal. Please carefully evaluate the risks.
