Donald Trump is once again in the news, but this time it’s not for political reasons; it’s about cryptocurrency. Preparing to return as 47th President United States, Trump will become the first sitting president to own meme currencies, a move that has sparked both enthusiasm and skepticism in the crypto community.
Trump: Significant Cryptocurrency Portfolio
This is what the latest sources say Trump’s cryptocurrency wallet it consists mainly of meme coins and is valued at approximately $8 million. Assets include $1.5 million in Trump-themed meme currency and $5.5 million in TROG tokens.
Additionally, it has approximately 1.3 billion GUA coins, which is almost $400,000, and $167,000 in TRUMPIUS tokens. This is the first event of its kind in which Trump becomes an oddity in the world of politics cryptocurrencygiven his previous aversion to digital assets.
DONALD J. TRUMP WILL BE THE FIRST US PRESIDENT TO HOLD MEMECOIN pic.twitter.com/ODlNXDaKIT
— Arkham (@arkham) January 10, 2025
From skepticism to support
Trump’s journey into the world of cryptocurrencies is noteworthy. Was forceful critic of Bitcoin and other cryptocurrencies, calling them scams. But everything changed in 2024 when he started publicly endorsing Bitcoin and advocating for the right to own it. This is a broader trend among politicians who increasingly see the potential of the so-called cryptocurrencies and their growing popularity among voters.
His venture into non-fungible tokens (NFTs) on Ethereum has also contributed to Trump’s financial success in the digital sphere. Trump has reportedly made good money from these ventures and currently holds approximately 496.77 ETH worth approximately $1.6 million.
Implications for regulation
Many people are anxious to see how the Trump administration will regulate cryptocurrencies now that he is back in office. A possible shift towards a more favorable regulatory climate for digital assets is indicated by the nomination of high-profile figures such as David Sacks as “Crypto Car” and Paul Atkins as SEC chairman. This could result in more precise regulations for investors and companies involved in the cryptocurrency industry.
Donald Trump. Image: Ronda Churchill/Reuters
Trump’s policies are already changing market dynamics, and everyone is eagerly awaiting them. At that time, when Bitcoin reached a record high of 108,000. dollars while meme coins surged, analysts still believe Trump could make 2025 a major turning point in cryptocurrencies.
Meme coin boom
The rise of Trump-owned meme coins points to a broader cultural shift among younger investors who are fed up with established financial institutions. This combination of Trump’s political influence and the speculative nature of meme coins creates a scenario where political events could significantly impact cryptocurrency markets. Therefore, when dealing with this, investors are not indifferent to the volatility that is usually associated with meme coins.
Featured image from Fortanix, chart from TradingView
