Trump Coin (EP.396)

106 snips

Jan 22, 2025

Dive into the wild world of cryptocurrency with a humorous look at a new Trump-themed memecoin. Explore the shift from innovation to speculation in the crypto space and its societal impacts. Discover how financial aspirations are shaped by social media, especially for Gen Z. Enjoy a lighthearted take on the ups and downs of sports fandom alongside insights into the evolving housing market. Finally, laugh at the quirky competition in the memecoin arena and consider the future of influencer tokens.

Ask episode

AI Snips

Chapters

Transcript

Episode notes

ANECDOTE

Trump Coin Ad

Michael Batnick saw a Trump Coin advertisement on the train.
He resisted the urge to buy, prioritizing his podcast over potential memecoin profits.

INSIGHT

Crypto's Shift to Gambling

Ben Carlson believes the focus on memecoins and pump-and-dumps is a mistake for the crypto industry.
He contrasts this with previous crypto bull markets that emphasized innovation and building cool stuff.

INSIGHT

Memecoin Concerns

Michael Batnick expresses dislike for the negative aspects of memecoins, like potential losses and the involvement of political figures.
He clarifies this is not a critique of the entire crypto industry, as many legitimate crypto enthusiasts share his concerns.

Get the Snipd Podcast app to discover more snips from this episode

Get the app

On episode 396 of Animal Spirits, Michael Batnick and Ben Carlson discuss: a memecoin from the President, what's next for the crypto industry, the golden age of financial fraud, recessions are becoming less prevalent, how much income it takes to be rich, the Sonos app crash, Wall Street thinks houses are overpriced, youth sports for Millennial parents, and much more!

This episode is sponsored by Nasdaq. To learn more about the Nasdaq-100® Ecosystem, visit: https://www.nasdaq.com/solutions/global-indexes/nasdaq-100

Subscribe to The Unlock newsletter: https://www.advisorunlock.com/subscribe

Find complete show notes on our blogs:

Ben Carlson’s A Wealth of Common Sense

Michael Batnick’s The Irrelevant Investor

Feel free to shoot us an email at animalspirits@thecompoundnews.com with any feedback, questions, recommendations, or ideas for future topics of conversation.

Investing involves the risk of loss. This podcast is for informational purposes only and should not be or regarded as personalized investment advice or relied upon for investment decisions. Michael Batnick and Ben Carlson are employees of Ritholtz Wealth Management and may maintain positions in the securities discussed in this video. All opinions expressed by them are solely their own opinion and do not reflect the opinion of Ritholtz Wealth Management.

The Compound Media, Incorporated, an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. For additional advertisement disclaimers see here https://ritholtzwealth.com/advertising-disclaimers. Investments in securities involve the risk of loss. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security. The information provided on this website (including any information that may be accessed through this website) is not directed at any investor or category of investors and is provided solely as general information.

Obviously nothing on this channel should be considered as personalized financial advice or a solicitation to buy or sell any securities. See our disclosures here:

https://ritholtzwealth.com/podcast-youtube-disclosures/

Learn more about your ad choices. Visit megaphone.fm/adchoices