Jeftovic's Analysis: The Trump-Endorsed Cryptocurrency Appears to Be a PsyOp
Initial Reactions to Trump Crypto
On September 11, Mark Jeftovic started noticing tweets about a cryptocurrency supposedly endorsed by Donald Trump, named "World Liberty Financial". Initially dismissing these as potential scams, Jeftovic began to take them seriously when his Bitcoin Capitalist subscribers started asking about it.
Trump's Involvement in Crypto
Jeftovic's initial response was that this seemed like a scam and he was surprised that Trump was involved in such a venture during the run-up to the election. He initially thought it was a celebrity endorsement scam, but upon further investigation, it seemed that the Trump family was genuinely involved.
Trump Family's Role in World Liberty Financial
Eric Trump and Don Jr. are reportedly listed as the project’s "Web3 ambassadors", and Baron, who is eighteen years old, is their "DeFi Visionary". In August, Donald Trump and Donald Trump Jr.'s Twitter accounts announced the time to take back finance "from the elites".
Announcement of Token Drop
On September 12, Donald Trump's Twitter account announced the upcoming token drop, which is supposed to happen on a Twitter space on September 16. The announcement was presented by "Rug Radio" and "World Liberty Financial.
WLFI Tokenomics
The tokenomics behind WLFI, the governance token for World Liberty Financial, are reminiscent of the 2017 ICO boom, but even more extreme. According to Coindesk, 70% of World Liberty Financial’s WLFI tokens will be reserved for the project’s insiders.
Possible Scenarios
Jeftovic presents two possible scenarios: either this is a scam or a psychological operation (psyop). The first scenario is that Trump is genuinely the "Chief Crypto Ambassador" for World Liberty Financial. The second scenario is that this is a psyop, which Jeftovic believes is more likely.
World Liberty Financial's Online Presence
The domain for World Liberty Financial was registered in June, and there isn't much more than a Telegram channel. Donald Trump hasn't mentioned any of this from his Truth Social account. Neither Donald Jr. nor Eric Trump have mentioned World Liberty Financial by name on Twitter.
Newsweek and Coindesk's Take
Newsweek and Coindesk have already reported on the situation, with Newsweek providing one of the worst takes on how the domain name system actually works, according to Jeftovic. Coindesk, on the other hand, framed the situation in a different light.
Final Thoughts
Jeftovic concludes by stating that something doesn't add up and if this is just a pump-and-dump crypto scam and Trump the candidate is involved then it truly is mind-boggling. He suggests that more information will likely be available after September 16.
Bottom Line
The Trump-backed cryptocurrency, World Liberty Financial, has raised many questions and concerns. With the involvement of the Trump family and the upcoming token drop, many are left wondering whether this is a scam or a psychological operation. The situation is complex and puzzling, leaving many in anticipation of what will happen on September 16. What are your thoughts on this matter? Share this article with your friends and let us know your opinion. Don't forget to sign up for the Daily Briefing, which is available every day at 6pm.
