Trump face on a crypto coin
Donald Trump once dismissed Bitcoin as a scam. Now, he and his family are among its biggest beneficiaries.
During his second term, Trump has presented himself as the most crypto-friendly president in US history. His administration has launched a strategic Bitcoin reserve, backed stablecoin laws and signed orders to prevent banks from cutting off clients for political reasons. These moves coincided with Bitcoin reaching a record $120K.
At the same time, the Trump family has entered the market with their own projects. Both Donald and Melania Trump issued «meme coins», while sons Donald Jr and Eric spearheaded ventures such as World Liberty Financial and a stake in mining company American Bitcoin. Combined, family holdings were recently valued at $6.5bn.
The transformation began after mainstream banks distanced themselves from Trump following the January 6 riots.
«We were real estate guys, hard assets. Then suddenly, we were debanked,» Donald Jr said at a Bitcoin conference.
Critics warn of conflicts of interest. White House denials have not silenced concerns that policies could boost family wealth. Ethics adviser Richard Painter warned Congress of a «government-sponsored pump and dump».
For now, the Trumps remain deeply invested. Their growing influence in crypto means any move to sell could shake markets.
Kursiv Uzbekistan also reports that David Bailey, entrepreneur and crypto adviser to U.S. President Donald Trump, has said that a Bitcoin bear market is unlikely for several years, citing record institutional interest in the assets.
