CryptoQuant CEO Ki Young Ju described a “killer” use case for crypto assets in the future.
In his opinion, voiced on social networks, digital assets will be actively issued for political purposes and exploited by politicians, an example of which is Trump's Official Trump (TRUMP) memecoin.
The head of the analytical organization believes that PoliFi will be the killer use case for cryptocurrencies.
This trend will increase if the phenomenon 1) Resonates with the majority. 2) Contains extreme, provocative themes. 3) Stirs up controversy.
Politics ticks all three boxes – it’s interesting to many, provocative, and inherently polarizing. Political parties will issue their own coins, and they will invest in them…
These communities will be self-sustaining and highly engaged. Imagine the Republican and Democratic parties launching official PoliFi coins. Imagine ETF (exchange-traded funds) that track tokens backed by politicians. Trump Coin is just the beginning.
Ki Young Ju also noted that currently only a few altcoins have a high correlation with Bitcoin. Infrastructure coins such as эфириум , are acting sluggishly, while stablecoins and memecoins are showing much greater growth.
Source: Ki Young Joo
