Former US President Donald Trump's blockchain consultant, Jordan Kruger, is considering the Shiba Inu cryptocurrency. This comes as a surprise as Trump himself has expressed negative views on crypto.
As the interest in cryptocurrencies continues to grow, notable figures are showing increasing interest in different types of digital assets. One such figure is Jordan Kruger, the blockchain advisor to the former president of the United States, Donald Trump. In a surprising turn of events, she is considering the Shiba Inu cryptocurrency, an altcoin that has gained popularity over the past year.
Background on Shiba Inu
Shiba Inu is a decentralized meme token that grew into a vibrant ecosystem. It was created in August 2020 by an anonymous individual known as “Ryoshi.” It is an Ethereum-based ERC-20 token and has gained popularity due to the influence of Dogecoin.
Though it started as a joke, the altcoin has gained a huge following and is now amongst the top 30 cryptocurrencies by market capitalization. It’s often referred to as the “Dogecoin killer” due to its potential to overtake Dogecoin in terms of market cap.
Trump’s Views on Cryptocurrencies
Kruger’s interest in Shiba Inu is particularly intriguing considering Trump’s own views on cryptocurrencies. The former president has previously expressed his negativity towards Bitcoin and other cryptocurrencies. He has been quoted saying that they are “not money,” “based on thin air,” and facilitate “unlawful behavior.”
Indeed, Trump’s administration was not particularly friendly towards cryptocurrencies. Steven Mnuchin, Trump’s treasury secretary, had suggested that cryptocurrencies could be a national security issue and had proposed stricter regulations on the sector.
Jordan Kruger and Cryptocurrency
Kruger, on the other hand, has shown interest in the crypto world. In a recent forum, she spoke about the importance of understanding cryptocurrencies and blockchain technology. She believes that these technologies hold the potential to revolutionize various sectors, including finance.
Kruger has also shed light on the importance of regulatory clarity in the crypto space. She believes that clear regulations are necessary to prevent illicit activities and promote healthy competition in the market.
Shiba Inu’s Rise To Prominence
Shiba Inu’s rising prominence can be attributed to a number of factors. For one, its resemblance to Dogecoin has attracted a lot of retail investors. Moreover, Elon Musk’s tweets about Shiba Inu have added to its popularity.
In addition, the token’s low price makes it an attractive investment for those looking to get into the crypto space without a big financial commitment. However, it’s worth noting that the token’s price can be extremely volatile, and therefore it carries a high level of risk.
Final Thoughts
In conclusion, Kruger’s interest in Shiba Inu could be seen as a sign of the changing times. Despite the negative sentiment towards cryptocurrencies from some quarters, there is growing recognition of their potential. With Kruger’s endorsement, Shiba Inu could gain even more recognition and acceptance among mainstream investors.
However, as always, potential investors should do thorough research and consider their financial situation before jumping into the cryptocurrency market. The volatile nature of cryptocurrencies means that there is always a risk involved, and it is crucial to be prepared for potential losses.
