Following the success of Trump’s Memecoin the market is ready for an honest crypto scam. We ain’t going to lie to you. At some point it’ll be worth f*ck all.
To the undiscerning observer Trump appears to have pulled off a miracle worthy of Jesus Christ. He launched a crypto currency called Trump Memecoin which was valued at $4.9 billion on Sunday. Twelve hours later it had a market value of $14.2 billion. It is now second only to Dogecoin, the clown currency oved by MAGA billionaire Elon Musk.
It’s like magic! But it’s not.
When lots of people decide they want to buy In there is competition for the coins and the price goes up. Unlike proper currency crypto currencies are not regulated or protected. In the UK and many other developed countries, money accounts with reputable and well managed institutions is protected against the collapse of the institution. There are also fraud and theft protections. None of this exists for crypto currencies.
Banks operating in the conventional currency sector have a license to operate. Gaining the license requires them to prove that they are competent and regulated. Anyone can setup a Memecoin crypto currency.
So here is our pitch. We will sell you GriftCoin. We know nothing about managing a financial system or security, and frankly couldn’t care less. At some point the whole pile of shit will slide away and you will be left with fuck all.
Ready to invest?
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