Last August, before the 2024 US presidential election, the Trump family began to tease the launch of world free finance. Initially, it was unclear what services the business would offer; the court was just to “make finances great again.”
Since then, World Liberty Financial has launched USD1, a so-called Stablecoin and WLFI coins associated with the US dollar.
WLFI was originally used only to vote on changes in the world’s free financial projects, not for transactions. But in July, WLFI holders passed a landslide vote to allow tokens to be traded on the secondary market. World Free Finance has not yet confirmed when trading will begin.
The cryptocurrency strategy pursued by world free finance was first promoted by a publicly traded software company strategy that has accumulated more than $74 billion in Bitcoin. For a long time, the strategy’s transaction value has far exceeded its Bitcoin holdings.
Since Trump was re-election on a staunch pro-Creputo platform in November, the imitation company’s Treasury Department has flooded the public markets in the United States. Over the past few months, including Brandon Lutnick, son of U.S. Commerce Secretary Howard Lutnick and Bitcoin Evangelist David Bailey, reportedly advised Trump on cryptocurrency policy, who has launched his own Bitcoin treasury. Two Nasdaq-listed companies with China-linked links have also recently raised hundreds of millions of dollars to buy Bitcoin and Trump’s members.
Strategy “This has been the best stock for any other stock in the public market since the first purchase of Bitcoin. Naturally, other companies are attracted by the rate of return,” Bill Papanastasiou, director of equity research at analyst House KBW, told Wired earlier this year.
Alt5 is part of this wider phenomenon with its newly formed WLFI Treasury. But unlike others, base coins are not yet publicly traded.
“World Free Finance announced that its tokens should have been merely governed tokens and will now be liquid and tradable. As a result, it is very important to create an entity that will be purchased whenever it starts to be valuable,” Green said. “That’s really what happened.”
Others are less suspicious of the economic principles under cryptocurrency companies. They say the opportunity to expand their cryptocurrency volume per share by earning yields on treasury assets, marketing derivatives and issuing convertible debt proves an overvalued valuation.
“It’s a little uneasy about everything I’ve learned as a value investor…but I realize that it’s a real fundamental argument for why these can and should be traded. [at a premium to the value of their treasuries]”Cosmo Jiang, general partner of crypto investment firm Pantera Capital, said the company has invested in many cryptocurrency companies. “In fact, if you boil it, they actually remind me a lot of banks.” The bank has a bunch of deposits and then goes out and tries to generate profits for those deposits. ”
“I’m a little optimistic about these vehicles,” said Thomas Brazilel, co-founder of investment firm 507 Capital. “I’m not sure why anyone is so worried…a bubble, maybe the title, but I think it’s accurate.”
But even investors who see promises in cryptocurrency databases recognize the risks associated with the extent to which the Trump family is entangled with the industry, fearing that this could lead to a political fightback if the Democrats return to power.
“If you’re a crypto brother or a bull, my biggest risk for me right now is the undisguised bags of the Trump family,” Brazel said. “For Trump, if there is no conflict, there is no interest.”
