Shiba

Dogecoin

Cryptocurrency

Value

Shiba Inu

<ul class="news-points">
 <li><strong>Mechanism Capital’s 2024 strategy centers on Trump-themed meme coins, leveraging his media presence.</strong></li>
 <li><strong>Trump’s legal battles boost media coverage, enhancing Trump-related digital assets’ market potential.</strong></li>
 <li><strong>Despite risks, Trump coins may rival Dogecoin and Shiba Inu due to sustained public interest.</strong></li>
</ul>
<p>Cryptocurrency investment firm Mechanism Capital has announced its first new positions of the year, focusing on Trump-themed meme coins and NFTs. The firm is betting on former President Donald Trump’s ability to dominate the media spotlight, leveraging what founder Andrew Kang calls the “attention economy.”</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">Trump steaks, Trump hotels, Trump wines<br><br>Why not Trump coins?<br><br>Ain’t no business like the meme business <a href="https://t.co/OPW6GVIFth" target="_blank" rel="noopener noreferrer nofollow">https://t.co/OPW6GVIFth</a></p>— Andrew Kang (@Rewkang) <a href="https://twitter.com/Rewkang/status/1802905838203597205?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">June 18, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>Kang highlighted Trump’s extensive experience in various business ventures, from steaks to hotels to wines, and now, the meme business. The thesis behind this investment is rooted in the “attention economy,” where success is determined by the ability to capture and hold public interest. Trump, with his unwavering presence in the news cycle, especially with the ongoing US primary elections, presents …</p>
<p>The post <a href="https://coinedition.com/crypto-investment-firm-sees-value-in-trump-branded-digital-assets/" rel="noopener noreferrer nofollow">Crypto Investment Firm Sees Value in Trump-Branded Digital Assets</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

Crypto Investment Firm Sees Value in Trump-Branded Digital Assets

Coin Edition

Other articles published on Jun 18, 2024

WHY Is Bitcoin (BTC) DOWN: Top 3 Reasons

Ripple Gandeng 10 Pemerintah: CBDC Kian Dekat!

Coinbase Launches Pre-Launch Crypto Futures Market

3 Top Memecoins To Watch Out For This Week: PEPE, SHIB, And WIF

Bitfinex Launches aUSDT: First Gold-Backed Stablecoin Offering Enhanced Stability and Reliable Di...

SHIB Price Decline May Reverse as Burn Rate Surges by 5569.31%

Join our free newsletter for daily crypto updates!