A digital currency for President “Trump's health” is available for trading on the Uniswap platform

A digital currency for President "Trump's health" is available for trading on the Uniswap platform ... Details here

It is possible that US President "Donald Trump" does not like cryptocurrencies, but cryptocurrencies do not want to miss an opportunity to mess with him.

Given that anything can be converted and digitized into a digital currency - regardless of its triviality or influence - recently a digital currency appeared on the Uniswap platform to track the health of President "Trump" with the name (THI).

Little is known about this “project” other than its name and its development .

Regarding the value of this digital currency "THI", its index rises when the market has a positive perception of the president's health, and decreases when the opposite is true.

This digital currency fell from $ 0.957 to $ 0.954 in a few hours.

The currency was corrected to $ 0.956, possibly in response to the President's announcement on Twitter that it was fine, then its value decreased again to $ 0.955.

Trump Health and Bitcoin:

It's no wonder that the US President's Health Index has some appeal to cryptocurrency traders, after all, markets tend to be very volatile and subject to a change of sentiment.

Bitcoin saw a decline as soon as news of President Trump's illness spread, but it remained relatively stable compared to previous events.

Bitcoin stayed above $ 10,500.

But this latest situation sparked a new debate about the nature of Bitcoin.

Where it proved again that saying Bitcoin is linked to gold (as a store of value) is wrong as the precious metal rose when the financial markets fell, including Bitcoin.

Bitcoin followed stocks and became seen as an investment, which confused traders and analysts.

At the moment, the correlation between Bitcoin and the SP500 is very high.

Source: Coinmetrics

Cryptocurrency Mixes and Politics:

The liquidity and value of the digital currency, the focus of our article “THI”, has become zero, so it cannot be taken seriously. However, the truth is that it will not be the first time that traders bet on the president's future.

The FTX platform for trading cryptocurrency derivatives provides an opportunity to speculate on political futures contracts for "Donald Trump."

Trump's contract will close at $ 1 if Trump wins the election, and $ 0 if he loses.

Source: Tradingview

At the present time, expectations are in favor of those who say that "Trump" will win the elections, especially after news of his exposure to the Corona virus.

This observer of the economic arena finds that the financial markets are affected by the president's health condition. After his illness was announced, most of the financial markets fell. Then President “Trump” went out and reassured the world of his health, so that the markets would recover again with his statements.

By mentioning the currencies associated with politicians and influencers around the world, it is impossible to forget and not mention the digital currency “StopTrumpCoin” that was traded on the “Cryptopia” platform.

The goal of this digital currency was to achieve world peace so that all human beings are treated fairly and equitably.

However, the hacking of the “Cryptopia” platform did not allow this currency to achieve its goal, as its circulation stopped shortly after.