Pi Coins in Crypto Summit By Donald Trump: What You Need to Know

Cryptocurrency is a hype and, speculative, groundbreaking announcement-oriented world. Recently, there has been a lot of speculation on the upcoming historic event, The 1st ever US Crypto Summit at the White House held by former President Donald Trump on March 7.

With so much to talk about, one name is rising above the rest — Pi Coin. But what’s the true story behind the rumors? Is it true that Pi Coin will be the center of this summit? Let’s go deep on the details and sort fact from fiction.

The Buzz About Trump’s Crypto Summit

Donald Trump’s upcoming crypto summit has cause a splash in town and the crypto community. Some of the industry's biggest names will be coming together for this event, including founders of major exchanges, CEOs, and investors. The agenda? To talk about the future of cryptocurrency regulation, adoption and innovation in the United States.

But amid the excitement, there has been a lot of misinformation spread on social media. The YouTubers and influencers claim that Trump has personally invited Pi Coin founders to the summit. But is this true? Let’s break it down.

ALso read: Wall Street vs. Europe: a new chapter in global investing?

Pi Coin: What’s With All The Hubbub?

Pi Coin is a relatively novel cryptocurrency that has attracted a significant amount of attention for its unconventional mining method. Pi Coin is different from Bitcoin or Ethereum, in that you can mine the coins directly from your smartphone, eliminating the necessity of costly hardware with high energy consumption. Making it more accessible has quickly resulted in a growing network of users, with the coin currently ranked 11th on CoinMarketCap.

Even with its popularity, however, Pi Coin is still early on in development. Coin price data is not yet available, as the mainnet launched only on Feb 28 and the coin is not listed on the major exchanges such as Binance. This has raised questions about its future, particularly now that there is Trump’s crypto summit.

A Real Look at Pi Coin and The Summit

Pi Coin's status as the key focus of the event may be sexy, but it is not quite the whole story. As of writing now, there is no official confirmation that Pi Coin or its founders have been invited to the event. In fact, there’s no reason to believe Donald Trump knows what Pi Coin even is.

The summit by its nature is likely to put established crypto assets like Bitcoin (BTC), Ethereum (ETH), Solana (SOL), XRP, and Cardano (ADA) in the limelight. Trump had previously referred to these coins in earlier discussions regarding cryptocurrency. In fact, Trump has publicly praised Bitcoin, going so far as to suggest it should be part of the U.S. strategic reserve.

What’s on the Agenda?

The summit will probably cover these key topics:

• Regulation and Policy: The U.S. government’s plans for regulation of cryptocurrencies to ensure security and eliminate fraud.
• Institutional Interest: General correlation between the increased interest from institutional investors and the growth of the crypto market.
• Strategic Reserves: The potential for cryptocurrencies such as Bitcoin, Ethereum, and Solana to be included in the U.S. strategic reserve.
• Innovation and Technology: Talks about blockchain technology and what potential uses it could have outside of finance.

Though Pi Coin isn't officially on the agenda, its rising popularity and revolutionary mining model can lead to informal discussions among attendees. But, for the moment, tread carefully with the rumors.”

Binance and Other Exchanges: Their Role

Potential participation by major exchanges like Binance to the summit is also one of its most awaited aspects. This event is expected to draw Binance CEO Changpeng Zhao, and there is speculation that the exchange will eventually list Pi Coin. Considering that Pi Coin currently has a market cap of $13 billion and is seeing rapid adoption, this could be a game-changer for the coin.

But till now, there is still no official announcement from Binance for Pi Coin. The exchange traditionally assesses coins according to criteria including trading volume, market capitalization and long-term sustainability. Since the mainnet launch of Pi Coin is still a recent event, it may take a few years for Pi coin to meet the listing criteria set by Binance.

What are the Pi Coin Price Prediction?

Though its involvement in the summit remains uncertain, the future of Pi Coin appears bright. A lot has happened in a few short months as a result, the first coin to deliver a mainnet and agile user growth. If it stays on this track, it may well emerge as a major player in the crypto world.

Pi Coin has a one-of-a-kind mining model that is drawing many new users, and its value is expected to reach $300 by the year 2030, according to some specialists. On the other hand, there are reservations about price volatility, particularly with more coins unlocked and being added to the circulation.

Facts vs Myths: Final Thoughts

Exciting though the prospect of Donald Trump talking about Pi Coin at his crypto summit is, we should approach the rumors with a bit of healthy skepticism. A click-through of the website reveals no official confirmation that Pi Coin or its founders will be appearing at the event. The focus of the summit is reportedly expected to be on established cryptocurrencies and more general policy dialogues.

All that said, the rising interest and innovative mining model of Pi Coin are worthy of attention. Regardless of whether it becomes a hot topic at the summit, its future in the crypto landscape seems bright. Until then, cryptocurrency traders should follow developments closely and rely on the news for announcements of any developments rather than social media hype.

Final Thoughts

There’s no such thing as predictable in the crypto world and Trump’s summit is no difference. And, though Pi Coin may not be leading the media stack yet, its unique approach, incubating community, and innovation indicate that it won’t be long before it’s dominating headlines. As always, try to stay vigilant and do some research and don’t get swayed by the hype. Pi Coin: The Future of Cryptocurrency?