Wall Street Investment Firm Injects Youthful Energy into Twitter Account
Last week’s conclusion to the Bitcoin ETF saga led to Wall Street investment firm Franklin Templeton taking over its Twitter account to bring some youthful energy to the company. This move followed the successful launch of several spot Bitcoin ETFs. In a tweet, Franklin Templeton made a reference to Dogwifhat, a viral Solana meme coin that has performed well in recent months.
Rival Investment Firm Throws Shade with Degen Lingo
Van Eck, another Wall Street investment firm that recently launched its own spot Bitcoin ETF, responded to Franklin Templeton’s tweet by using degen lingo and throwing some shade at its rival. This exchange between the two firms amused crypto enthusiasts but was considered cringe-worthy by others.
Crypto Becomes a Focus in Republican Presidential Primary
In the realm of politics, blockchain technology took center stage in the Republican presidential primary. Crypto advocate Vivek Ramaswamy dropped out of the race after a poor showing in the Iowa caucuses and hastily endorsed Donald Trump. Ramaswamy’s vocal support for the crypto industry led many to hope that it would influence Trump’s campaign. At a speech in New Hampshire, Trump pledged to never allow the creation of a central bank digital currency (CBDC) in the United States.
Trump Solidifies Status as Crypto-Friendly Candidate
Just a day after his speech, Trump introduced on-chain digital collectibles minted as Ordinals on the Bitcoin network. These moves have positioned Trump as the most attractive presidential candidate for the crypto community heading into the 2024 general election. However, concerns remain about his criminal charges and potential impact on American democracy.
Crypto Community Faces Decision Between Industry Support and Other Priorities
The crypto community may soon have to choose between supporting the industry and other priorities. Some have already made their decision, as seen in tweets expressing support for pro-crypto candidates regardless of political affiliation.
Hot Take: Crypto Influence in Mainstream Finance and Politics
Last week witnessed mainstream finance and political forces attempting to embrace the crypto ethos. Wall Street investment firms engaged in Twitter banter, injecting youthful energy into their online presence. Additionally, blockchain technology became a focal point in the Republican presidential primary, with Donald Trump pledging to block the creation of a central bank digital currency. While crypto enthusiasts were encouraged by these developments, concerns over potential consequences remain. As the 2024 general election approaches, the crypto community will face decisions about supporting the industry amidst competing priorities.
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