This news podcast investigates the veracity of claims surrounding Donald Trump's meme coin launch, reported to be worth $43 billion. The podcast features interviews with a cyber correspondent and a cryptocurrency industry researcher who debunk the exaggerated valuation, explaining the mechanics of meme coins and the flawed calculations used by news outlets. They highlight that the valuation is based on a theoretical maximum supply of coins, most of which are not yet in circulation and whose value is highly volatile. One key takeaway is that the actual profit made by Trump from this venture is currently unknown and may be significantly less than reported. Ultimately, the podcast serves as a cautionary tale about the speculative nature of cryptocurrency and the importance of critical evaluation of news reports.
