Today, the cryptocurrency community is buzzing about the news of '19-year-old Barron Trump holding a $150 million crypto asset portfolio.' Are you all stunned? Is someone already itching to follow the 'Trump family halo' to bottom out WLFI and the so-called USD1 stablecoin?
As an old-school analyst who has been crawling through the cryptocurrency space for 8 years, dodging 3 major crashes and helping fans avoid countless air coin scams, I’ll lay it out today: this news is a typical 'traffic warm-up before harvesting the leeks.' Those daring to jump in are highly likely to be left with nothing but their underwear!
First, let me expose the three fatal traps hidden in this news, each containing a harvesting trap! The first trap: the endorsement scam of 'the Trump family co-founded.' Do you remember the rumor in March this year that 'the Trump family is going to invest in Binance US'? In the end, the founder of Binance directly denied it, calling it pure nonsense. Scammers in the cryptocurrency space are best at using celebrity endorsements to create hype, especially with vague terms like 'family co-founded,' which have no official regulatory documents to support them. Essentially, it exploits the public's trust in celebrities to create concepts. The second trap: the pseudo 'safety' trap of stablecoins. Have you checked the qualifications of the USD1 stablecoin touted in the news? 13 departments have long made it clear that stablecoins are classified as virtual currencies and are illegal financial activities! Those promising high returns under the banner of stablecoins are all part of a fund pool scam—last year, the Xin Kang Jia platform used stablecoin investment hype to siphon off 13 billion, and in the end, investors recovered less than 1% of their funds; the bloody lesson is right before our eyes. The third trap: the emotional manipulation of 'young millionaires getting rich quickly.' Earning 45 million from a crypto project just after graduating high school at 19? This is utilizing ordinary people's 'get-rich anxiety' to paint a big picture! Legitimate crypto projects require long-term technical accumulation and regulatory filing; stories of 'getting rich overnight' are 99.9% just the prelude to packaged air coins.
Now, let's talk about what you are most concerned about: After this news came out, what will the future trend of the crypto market be? My view is very clear - there will be a short-term emotional hype leading to a small rebound, but in the long term, a deeper correction is inevitable! The market has not been stable recently, Bitcoin has dropped from 126,000 to 84,000, with over 170,000 people liquidated in the last 24 hours, indicating that market liquidity and confidence are extremely weak. This type of false news related to celebrities may only allow small coins to rise for 1-3 days, but cannot support an upward market. More critically, the Federal Reserve's policy is undecided; although there are dovish officials supporting rate cuts, the opposition is growing stronger, and Trump's wish for significant rate cuts next year is likely to fall through. The crypto market is now completely driven by policy expectations, with no substantive policy benefits, and relying solely on such sensational news, the rebound is merely 'baiting the bulls', with the end of the rebound marking a new round of harvesting.
Finally, here are the key points to avoid pitfalls for the brothers, remember them! First, any crypto project that uses celebrity endorsements and lacks proper licenses should be passed on, no matter how impressive the claims are; Second, any stablecoin that promises 'high returns' or 'principal protection' is a scam, as stablecoins only serve payment and settlement functions and have no attributes of extraordinary profits; Third, with recent market volatility increasing, it is essential to control your position and not exceed 20% of what you can afford to lose, stay away from small coins and newly issued coins, and hold onto the fundamentals of mainstream coins like Bitcoin and Ethereum (but also don’t over-invest).
The core of survival in the crypto circle has never been about chasing hype or betting on news, but about respecting risks and making rational judgments. This piece of news about the Trump family in crypto is a typical case of 'picking leeks'. To my followers, what you need to do now is 'watch more, act less, clear out junk coins, and protect your capital'. Follow me @链上标哥 to avoid getting lost!
