Cryptocurrencies, often touted as
'The People's Money', continue to gain traction globally, benefiting from high-profile backers such as financial investor,
Robert Kiyosaki. Kiyosaki supports
Bitcoin and
Ethereum despite their volatility. The debates around cryptocurrencies extend to concerns about legality and tax evasion, with some pointing out the disparity between cryptocurrency owners and ordinary taxpayers. It's reported that
super-rich individuals often avoid paying taxes while speculating on digital assets.
On-chain asset management is growing rapidly as investors diversify their portfolios amidst these debates.
The controversial proposal of a
$1 Trump coin brought mixed responses, as it breaches the tradition of not featuring living individuals on US money. Rumor has it that the Trump administration gained significantly from its meme coin, while over 800,000 people reportedly lost money.
Despite the controversy, there is increasing interest in various cryptocurrencies, such as the Miami Coin and Texit Coin. However, scams in the cryptocurrency market are also increasing, leading to legal scrutiny against individuals and cryptocurrency groups involved in fraudulent investments.
The popularity of cryptocurrencies varies.
Bitcoin, for example, remains dominant, even as the number of cryptocurrencies multiply. Notably, the ConstitutionDAO token surged during the collective's token frenzy, demonstrative of the volatile and unpredictable nature of the cryptocurrency market.
PEOPLE Coin News Analytics from Wed, 18 Jul 2018 07:00:00 GMT to Mon, 17 Nov 2025 18:30:22 GMT -
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- Innovation 5
- Information 8
- Rumor -2
