For me it's a memecoin. Is a memecoin a shitcoin? Discussable. Were there any promisses behind, what the coin can do for us? No. It's just a jpeg. So it's a collection like a postal stamp. Supply was clear. Demand? You never know. Do I buy such things? Never! (BTC only) As I would never buy a MAGA shirt.

Bitcoin is also for your enemy.
Memecoins are for fans, gamblers, Degens or even morons. Trump maybe earned already 500 Million on it. But did he cheated someone? No. Maybe I'm wrong. But I don't have any problem with it. It's a free market and everybody can spend his money on what he wants as long the seller didn't lie about his product.