MEDI1TV Afrique : Tout savoir sur les monnaies numériques avec Badr Bellaj - 22/01/2025
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00:00Hello ladies and gentlemen, and welcome to Median TV.
00:12Two days before its launch, Donald Trump announced the launch of his own cryptocurrency, which bears his name.
00:19A few hours after its launch, the cryptocurrency price rose by 840%.
00:2624 hours later, it's Melania Trump's turn to launch her own cryptocurrency.
00:31A cryptocurrency that saw its price soar by 60% in a few hours.
00:35An equation against which Bitcoin has resisted by reaching a new historic summit of 109,500 dollars.
00:45Today, the situation has changed.
00:47Donald Trump's cryptocurrency seems to have fallen again,
00:50waiting for the promises of the American president, or at least to stabilize.
00:55Donald Trump had promised to make the United States the global capital of Bitcoin and cryptocurrencies.
01:02The process seems to have been triggered.
01:05Cryptocurrencies, what are the expectations? What issues are we talking about?
01:09Today, in this Focus Echo with Badr Belhage, you are an expert in cryptocurrency and blockchain.
01:16It's a pleasure to have you with us.
01:21We have seen it since the launch of this cryptocurrency, launched by Donald Trump in the name of Trump himself, with the label Trump.
01:31The cryptocurrency market has exploded.
01:33This currency has increased by 840%, which is huge.
01:39What are the reactions following this situation?
01:44Despite the fact that now this same cryptocurrency has been more or less stabilized and experienced a fallback.
01:51Yes, it must first be mentioned that it is a mincoin.
01:56It is a cryptocurrency with a special character.
02:01It is a cryptocurrency that is normally created to have fun.
02:04It is a currency that is symbolic.
02:06It was launched on the occasion of the inauguration of Mr. Trump's mandate.
02:14It was a symbolic project for his fans, for the people who believe in him.
02:20It is more of a fun project than a currency like the classic cryptocurrencies like Bitcoin or others, which bring technological and financial innovation.
02:31This is a clarification to say that it is a currency that is symbolic, but a symbolic currency with a speculative character.
02:39Normally, it is a strong sign that a president, who is normally at the head of the United States, has been able to do something similar.
02:49It means that he can do things that are more serious, as he promised during his election campaign.
02:55It is a very strong signal that a president, for the first time in history, creates a currency, be it a classic or even a cryptocurrency.
03:09It is a strong signal that Trump is committed to the cryptocurrency and that he has interests in this space.
03:17The crypto ecosystem has captured this signal and we have seen the impact on the entire crypto scene, even on Bitcoin, which has reached a new record.
03:26A strong signal, you said it, a symbolic currency with a speculative character.
03:34If we had to compare this MemeCoin to the classic cryptocurrency, what is the difference?
03:43What is its particularity? How is this MemeCoin different from a cryptocurrency such as Bitcoin, for example?
03:50The difference is, of course, two areas that are very important.
03:54The first is that financial innovation or even technology, cryptocurrencies like Bitcoin, is a technological breakthrough that has allowed the transfer of value to the international market in an ingenious way.
04:06This is the strength of cryptocurrency.
04:08While in the case of MemeCoin, it is just money created by someone and attributed to people.
04:16There is neither a technological process behind it nor innovation.
04:19It's like I have an accounting book and I'm attributing money to people.
04:26There is no innovation in this type of technology, but it is more the symbolic aspect of the currency that a president of the United States has created such a project.
04:38This is what is remarkable. We don't have the solution in itself.
04:42So the creation of this currency, the launch of this currency, will not necessarily have an impact on the cryptocurrency market as we know it today?
04:52No, the impact is there, but it's just a first step.
04:57As I said, the creation of a MemeCoin is a first confirmation that Trump adheres to this cryptocurrency vision.
05:06That he is an investor too.
05:08That is to say, he is someone who puts his foot in it, he is not someone who has heard of it.
05:12So he is already surrounded by these children who are behind this project.
05:17And also behind another failure project that is very important, which is the World Liberty Financial,
05:24which is a decentralized finance failure project that aims to create financial services based on cryptocurrency.
05:32This project, which is not yet launched, but which also offers a token for sale.
05:39This means that Trump is setting up crypto projects for his own interest,
05:47but it will be reflected on his future decisions by an alignment, as I said, of the regulation.
05:55Because of course he will align the regulation to protect his own interests.
06:01But for us, it is a strong signal that a president has two projects in the crypto world.
06:06And that he is not someone who promises anything, but he is someone who really reads the action to the words.
06:16So this MemeCoin, to conclude and to understand and synthesize,
06:21is a cryptocurrency that is intended to capitalize on the popular enthusiasm around a personality,
06:27a movement or a viral phenomenon.
06:29But it is not an exchange currency with which we can buy or make transactions,
06:34as we would do with Bitcoin today, isn't it?
06:38Yes, it capitalizes and it surfs on the wave and of course on the Trump brand.
06:44But it is just a coin that is accepted only by the community behind it.
06:51It is not like Bitcoin, which is currently recognized almost worldwide.
06:55So MemeCoin, as I said, is an asset, it is more of an asset than a currency.
07:00It is an asset that is just speculative, so it will only be accepted by speculators.
07:06Already, what is important to mention is that it is a project that is planned for 3 years,
07:12or 4 years, on the Trump mandate.
07:15And he only put 10% on sale.
07:18And the project in total, it aims to distribute 1 billion Trump dollars.
07:24Currently, there are only 100 million circulating.
07:28And of course, the entity behind it, as I said, the entity that he put with his children,
07:35controls the majority of the tokens.
07:38But what is important in this project is its durability.
07:41Even if it is a MemeCoin, but it is with a long-term investment aspect.
07:47That is to say, it will of course, as I said, live with us for at least the Trump mandate.
07:52And that reflects that the businessman's mentality,
07:57it will of course impact his crypto decisions,
07:59because as we have seen, his businessman's mentality pushed him to put such a project on the table.
08:04I was saying earlier, as a preamble, so in the face of the launch of this cryptocurrency,
08:09there was a historical summit still reached by Bitcoin at that time.
08:13We are talking about about 109,500 dollars.
08:17So we have reached this figure, which is important.
08:21What does this mean for the future?
08:23Are we opening a new field, a new dynamic,
08:27which will perhaps accelerate more with the arrival of Trump,
08:30who, let's remember, had promised to make the United States the capital of cryptocurrencies?
08:37Yes, exactly.
08:38Already, Trump is someone unpredictable,
08:40so it is difficult to say what he will do the next day.
08:43But we are sure, as we told you, that he has put a ton of promises,
08:46which will of course change the future of Bitcoin.
08:49They have already changed it, because we have reached a new historical summit.
08:53We have doubled the value from 50,000 to 110,000.
08:57So the future will depend on Mr. Trump's actions, on his decisions.
09:03It should be noted that Trump is already surrounded by his children,
09:07who are very cryptophiles.
09:09He is also surrounded by Mr. Musk and some executives who have a past in the world of crypto.
09:16That is, he is well surrounded by a group of people who share the same passion for crypto.
09:23And so we can predict that he will put it into effect.
09:27Of course, it will remain a matter of planning,
09:31because the American reserve is a heavy decision economically.
09:35It is not something that can be done quickly and put into effect.
09:40But gradually there will be decisions that will change, of course, the crypto ecosystem,
09:47which will impact Bitcoin.
09:49And as I said, the two flagships are regulation and the creation of this national reserve in Bitcoin.
09:56Precisely, with the creation of this cryptocurrency,
10:01you said it earlier, it is a first step and it is a strong signal from Donald Trump.
10:05Could we expect the creation of a stable coin?
10:11Yes, absolutely.
10:12It is one of the rumors that circulated during his presidential campaign.
10:19Nothing prevents him from doing it.
10:21So already in the United States, it is permissible to have a private currency.
10:26We currently even have them with the classic currency.
10:28So there are entities that have their own dollars that circulate in very specific areas.
10:33And so American regulation allows it.
10:35Tomorrow, Trump, like any American company, can set up a stable coin.
10:41And the difference is that it will benefit from Trump's power, of course, from his aura.
10:48And it will change a lot of things,
10:50because it is for the first time that we have, in a way, the politicization of the crypto world,
10:57whether it is stable coins, whether it is cryptocurrencies that are volatile.
11:00It is for the first time that we have this link between the political world and the crypto world.
11:05Because if tomorrow we have this meme coin, and tomorrow we have a stable coin,
11:10and they are labeled Trump,
11:12there will be people who, of course, will join this project,
11:15not because they want this crypto,
11:17but it is more to serve their political interests or to have lobbying on Trump.
11:22So it's a first.
11:24And I think that a Trump stable coin is quite feasible and quite possible.
11:30The ambition, in any case, is great.
11:33The vision, in the medium and long term, is there.
11:36The American president even talked about possibly being able to settle the debt of the United States through cryptocurrencies.
11:45Yes, exactly.
11:47It was a claim he made last year, which aroused a lot of reaction from the crypto community.
11:56He said, why not?
11:58That is to say, we invest in crypto, we can make so much profit to settle the American debt.
12:05For him, he is someone who comes up with ideas that are very bizarre in a way.
12:14So nothing says whether it is possible or not.
12:17It will depend on the editing.
12:19But yes, this announcement took place last year.
12:23And probably he can do it at the end.
12:27I mean, he can, for example, start doing it.
12:30Because the American debt is colossal.
12:33But currently there is an internal discussion among the big crypto holders,
12:38especially the institutions that say that we must, of course, control Bitcoin,
12:44that is to say, have a mass of Bitcoin superior to all other countries
12:49and shift in some way towards Bitcoin to lose value, for example, in gold or even in dollars
12:57if tomorrow we have a problem with other countries.
13:00For example, it is a vision that Tyler, one of the big investors in Bitcoin, is currently pursuing.
13:07We are in the midst of an economic change that is driven by this crypto vector,
13:16which will put in place ideas that until then were seen as impossible.
13:21So this idea of fighting the fact that other central banks are stocking gold or dollars or other currencies
13:30by stocking or counterparting Bitcoin and shifting at some point to Bitcoin
13:34and even losing gold to its value.
13:38It's something that we see as stupid, but at this time, everything can happen.
13:45An unpredictable president, a president who made the bet, in any case, on cryptocurrency.
13:50We are talking about the President of the United States, the first world power,
13:54which will certainly accelerate this trend a little bit everywhere,
13:57around the world, especially in Morocco.
14:01Thank you, Mr. Badarbella.
14:03I remind you that you are an expert in cryptocurrency and blockchain.
14:06It was a pleasure to have you with us today.
14:10This is the end of Focus Eco for today.
14:12See you tomorrow with a new guest and a new topic.
14:15Have a very good day. Thank you for your loyalty.
14:30Transcription by ESO. Translation by —