By coinnews 
00:00 Speaker A
President Trump has set to host a dinner this week for the top holders of his Trump meme coin with the top 25 holders receiving additional perks, including a VIP tour of the White House. The announcement led to a significant surge in the token’s value with its price jumping over 60% in one single day. However, the event has sparked widespread criticism from ethics experts and lawmakers who raised concerns about potential conflicts of interest and the monetization of presidential access. Critics arguing that the dinner and the Trump token structure raise questions about centralization and potential manipulation. Additionally, the involvement of foreign investors, including Chinese crypto billionaire Justin Sun, has drawn scrutiny over possible foreign influence and national security concerns as well. Still here with me, we have Amy Wu Silverman of RBC. Amy, I I’m curious how you’re thinking about crypto in this moment and just the impact that it has on investors.
02:04 Amy Wu Silverman
Look, I think it is without a doubt true that first, there’s just this wave of adoption that I don’t necessarily think will go away and second, you know, that institutional adoption continues to grow. And so, this sounds kind of funny, but one thing I like to watch for is what is the correlation of crypto, so maybe Bitcoin, uh, versus S&P or Nasdaq over time? And the reason I ask that is, does it still behave like a risk on asset, like all the other assets, or is it actually starting to be what it initially had purported to be, which is an inflation hedge, a digital gold, um, when you see that relationship start to invert from this risk on asset, then I think it’s starting to do what the initial founders perhaps thought of when they thought of crypto.
03:38 Speaker A
Really great overview and great overview in general. So many thoughts from you on thinking through the markets today, Amy. Thank you so much.