A Donald Trump presidency would be "bearish memecoins" as they are a "form of economic populism and a statement against the unfair," a professor claims.
A Donald Trump United States presidency could be “bearish” for memecoins, which have prospered as “a statement against the unfair,” a finance professor claims.
“Memecoins themselves are a form of economic populism,” Omid Malekan, an adjunct professor at Columbia Business School, said in an Oct. 26 X post, adding:
“Regulatory sanity in America is bad for memecoins because it refocuses crypto on DApps and other things that actually matter, leading to a prolonged bear market where most people lose money on them,” Malekan added.
