Behold Trump's new coin of the realm [View all]

By Froma Harrop / Creators.com

Right before his inauguration, Donald Trump issued a $TRUMP meme coin featuring a defiant him pumping his fist after an assassination attempt. Shortly after their release, the market capitalization for $TRUMP coins passed $5 billion.

Oracle of Omaha Warren Buffett once called bitcoin “rat poison squared.” Jamie Dimon, chief at JPMorgan Chase, noted that “it’s got no intrinsic value,” adding, “I remember when Beanie Babies were selling for $2,000 a pop.”

Beanie Babies. Back in the 1990s, crowds pushed their way into toy stores to get in on Beanie Babies. TV hucksters would claim that a $1,500 investment in a Beanie Baby today could be worth $75,000 in 10 years.

What were Beanie Babies? They were cute animal dolls, basically pieces of fabric stuffed with plastic pellets. Most anyone with a sewing machine could make a Beanie Baby replicant. To protect against copies, creator Ty Warner had heart-shaped Ty tags attached to each. (Though tags were counterfeited as well.)

https://www.heraldnet.com/opinion/harrop-behold-trumps-new-coin-of-the-realm/