Domestic investment writer Wu Danru has been exposed to crypto in recent years, and she often shares her financial views. Recently, she also caught up with the highly popular Trump Coin topic in the crypto space. In Wu Danru's Podcast, she produced a special episode titled "Is Trump Coin a Fraudulent Hype?", where she mentioned that meme coins are a type of crypto "without any economic or transactional value", and claimed that all meme coins cannot be used to purchase anything, and investors may either expect future value or the currency itself is a scam.
Criticizing Trump for Breaching the Moral Limit
In the Podcast, Wu Danru described that Trump previously opposed Bitcoin, but his attitude changed 180 degrees when running for president in 2024, becoming the "Crypto President" and vigorously promoting the development of the U.S. crypto industry. With the issuance of Trump Coin, it's equivalent to Trump opening his own mint, and the entire Trump family can also issue their own coins. Wu Danru criticized that Trump's behavior is equivalent to telling everyone that being the president is also a way to make money, recklessly breaching moral boundaries, which is absolutely a moral concern, and in the future, all politicians may start issuing their own coins, which may lead to the beginning of a meme coin scam era.
How to View Investing in Trump Coin?
Returning to the topic of Trump Coin, Wu Danru said that if one really wants to invest in Trump Coin, "there is probably only one outcome" - buy it at $30 and crazily sell it at $50, then short in and out. If investors keep waiting for it to rise, she believes Trump's statements have little credibility, as now they are issuing 200 million tokens, and in the future they may say they will issue 1 billion or even 2 billion tokens. Meme coins will also experience inflation, but of course it cannot be called inflation, because meme coins really cannot be exchanged for anything, and you will most likely end up with a total loss.
Only Buy Bitcoin and Ethereum
After extensively criticizing meme coins and Trump, Wu Danru mentioned that her personality likes to keep up with the times, but she always adopts low-risk methods. "If my total assets are $100, I will never put more than $3 into these risky things." She advises the public not to "All-in" all their assets to buy crypto. Using herself as an example, Wu Danru said she previously bought Ethereum, and now she invests about NT$30,000-40,000 in Bitcoin every month. Currently, her "assumed" total investment is NT$2 million, and she has already made a profit of NT$5 million, and has already redeemed NT$4.5 million, so she is in a state of stable loss.
As for meme coins, Wu Danru said she has no interest in understanding them, such as what Dogecoin recommended by Musk is, and what many dog-themed meme coins are, she doesn't want to understand them too clearly, and not understanding is also good, because high-risk investments are essentially speculation and gambling.
Community Criticism: Wu Danru Misunderstands Many Concepts
Regarding Wu Danru's 20-minute audio recording criticizing Trump Coin and meme coins, it has sparked a lot of discussion, mockery and criticism from crypto investors, including that Wu Danru may be confused about the nature of "crypto", and she should not express opinions on things she is not familiar with, so that the public does not absorb incorrect knowledge.
Joey Lu, the founder of the well-known "Apple Daily", specifically posted that Wu Danru's concepts were wrong, such as her belief that meme coins have no intrinsic value and cannot be exchanged for goods, which has been "tied" to the word "currency". And Wu Danru's view that Trump Coin can be unlocked and released at will also shows a lack of understanding of technical concepts.
