Who will be the next issuer of the “Presidential Coin”?

This article is machine translated
Show original

Author: angelilu, Foresight News

After former President Trump issued the presidential token TRUMP, a new track of "presidential token issuance" was opened, and MEME coins were also endowed with political colors.

This crazy, global "capital attraction" performance art, will it attract other presidents to imitate? Presidents seem to have no reason to refuse, as the success of the Trump token not only gained unprecedented media attention, but also demonstrated a new "political" participation model, and young people are more inclined to express their political stance in the Web3 field. This trend is forming a "demonstration effect", and no political figure wants to fall behind in this new track, giving up the opportunity to use their influence to create an innovative and up-to-date image, and can also activate the enthusiasm of supporters, forming a closer community connection. Perhaps "presidential token issuance" will evolve into a digital movement that symbolizes identity recognition and value consensus.

The most likely to follow up: President of El Salvador Nayib Bukele

In the global political token race, the President of El Salvador, Nayib Bukele (@nayibbukele), is undoubtedly the next token issuer candidate worth watching. As the global leader who first incorporated Bitcoin into the legal currency, Bukele has proven his innovative courage and execution in the crypto field. From promoting the nationalization of Bitcoin, to launching the "Bitcoin City" and "Volcano Bitcoin Bond" plan, Bukele has always had a strong willingness to innovate in cryptocurrencies, and he has a huge base of crypto industry followers on X, issuing "presidential" or even "national" tokens may be the next natural step. If Bukele's token issuance is successful, it will also set a new financial innovation benchmark for other emerging market countries.

Anti-inflation warrior: Argentine President Milei

Argentine President Javier Milei (@JMilei) has publicly expressed strong support for Bitcoin as a powerful tool to fight inflation when facing the continued deterioration of the inflation crisis in Argentina. His "libertarian warrior" identity is highly compatible with the decentralized concept of cryptocurrencies, advocating to reshape Argentina's financial system through market liberalization and digital currency innovation, making him likely to become the most explosive presidential token issuer after Trump. Given Argentina's dire economic situation, the presidential token may also become an alternative asset to fight the devaluation of the peso.

Wartime innovator: Ukrainian President Zelenskyy

Against the special background of the war, Ukraine, as the world's first country to use cryptocurrencies for large-scale fundraising, its president Volodymyr Zelenskyy (@ZelenskyyUa) is also a potential candidate for issuing the next presidential token. Since the outbreak of the conflict, the Ukrainian government has successfully raised hundreds of millions of dollars in aid funds through cryptocurrencies, demonstrating the practical value of crypto assets in times of crisis. If Zelenskyy issues a political token, it will not only be a fundraising tool, but may also become a new digital diplomacy means to rally international support. This innovation can be combined with Ukraine's ongoing digital transformation, providing new financing channels for post-war reconstruction.

Most dramatic: Impeached Korean President Yoon Seok-yeol

In Korea's unique cryptocurrency ecosystem, Korean citizens have a great enthusiasm for cryptocurrencies and a large participation base. Although Korean President Yoon Seok-yeol (@President_KR) was arrested due to martial law, the community still believes that Yoon Seok-yeol has the possibility of issuing a presidential token, and for his current situation, riding this wave of heat may win the support of some citizens to improve his current predicament. The high participation of Korean citizens in cryptocurrencies and the social media propagation characteristics of political topics provide the "soil" for the growth of presidential tokens. The Yoon Seok-yeol government has also previously shown a Web3-friendly attitude and plans to establish a comprehensive cryptocurrency regulatory framework.

African crypto pioneer: President of the Central African Republic Touadera

Among African countries, the Central African Republic, as the second country after El Salvador to make Bitcoin the legal tender, its President Faustin-Archange Touadéra (@FA_Touadera) is also a strong candidate. His vision is not limited to the adoption of Bitcoin, but aims to turn the country into the cryptocurrency center of Africa, attracting international crypto companies to settle, creating job opportunities. If he issues a "presidential token", it may become an important step in realizing this vision, which can not only provide an experimental field for the country's digital transformation, but also attract the attention of global crypto investors, or may open up a new development path for infrastructure-poor countries.

EU Digital Innovation Driver: French President Macron

French President Emmanuel Macron (@EmmanuelMacron) expressed his hope to turn France into the Web3 center of Europe during the election campaign, although he has not taken many measures in the crypto field afterwards, but community users speculate that any of his actions on presidential tokens will have a far-reaching impact on the entire Europe. If Macron chooses to issue a political token, he may adopt a more standardized and conservative approach, possibly positioning it as an experiment in digital political participation, which is a possible path for promoting political token innovation under the strict financial regulatory framework (MiCA) of the EU.

Others

In addition to the presidents who have already made a high-profile appearance on the Web3 stage mentioned above, there are also some "low-profile presidents" who have been enthusiastically nominated by netizens, and they may also be quietly observing and waiting for the right moment:

  • Former Prime Minister of Singapore Lee Hsien Loong (@leehsienloong)
  • President of Costa Rica Rodrigo Chaves (@RodrigoChavesR)
  • President of South Africa Cyril Ramaphosa (@CyrilRamaphosa)
  • President of Brazil Lula (@LulaOficial)
  • President of Mexico Andrés Manuel López Obrador (@lopezobrador_)
  • President of Pakistan Arif Alvi (@ArifAlvi)
  • Prime Minister of India Narendra Modi (@narendramodi)
  • President of Malaysia Anwar Ibrahim (@anwaribrahim)
  • President of the Philippines Ferdinand Marcos Jr. (@bongbongmarcos)
  • King of Spain Felipe VI (@CasaReal)

Summary

The price of TRUMP coin fell back to $58 billion after surging to $80 billion due to the impact of the First Lady coin and other news. Imagine if presidential tokens really develop into a unique political token market in the future, then the large-scale adoption of cryptocurrencies will no longer be far away, as presidential tokens are endorsed by the most influential people in each country.

As for the investment strategy, there are currently no shortage of scams related to presidential tokens, and users need to be cautious in identifying them. When the next real opportunity comes, are you going to be a "reckless" one, just "All In" on the new presidential token? Or will you be a "cautious" one, first studying the "status" of this president and their country's attitude towards cryptocurrencies (although everyone knows that by the time you figure it out, the market may have already run away).

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments