00:00 President
President Trump has decided to organize a dinner this week for the best holders of his play of Mesmes Trump with the 25 best holders receiving additional advantages, including a VIP visit to the White House. The announcement led to a significant increase in the value of the token, its price jumping over 60% in a single day. However, the event has aroused many criticisms from ethical experts and legislators who have raised concerns about potential conflicts of interest and the monetization of presidential access. Critics argue that dinner and Trump tokens structure raise questions about centralization and potential manipulation. In addition, the involvement of foreign investors, including the Cryptographic Chinese billionaire Justin Sun, has also examined any problems of foreign and national security influence. Still here with me, we have Amy Wu Silverman from RBC. Amy, I’m curious to know how you are thinking of the crypto right now and just the impact he has on investors.
02:04 Amy Wu Silverman
Listen, I think it is undoubtedly true that first of all, there is just this wave of adoption which, I do not necessarily think, and secondly, you know, that institutional adoption continues to grow. And so, it seems quite funny, but one thing I like to monitor is what is the correlation of the crypto, so maybe Bitcoin, uh, against S&P or Nasdaq over time? And the reason for which I ask is, does it always behave like a risk on the assets, like all the other active ingredients, or does it start to be what he had initially claimed to be, which is a hedge of inflation, a digital gold, uh, when you see this relationship starting to revers this risk on the asset, then I think that it starts to do what the founders may have thought when they thought of crypto.
03:38 President
Very large overall track and beautiful owners in general. So many thoughts on your part on reflection on the markets today, Amy. Thank you so much.
