Donald Trump is making news again, but this time it’s not for political reasons; it’s about cryptocurrency. As he prepares to return as the 47th President of the United States, Trump will be the first president to hold a meme fund, a decision that has sparked enthusiasm and skepticism in the crypto community.
Trump: Key Crypto Portfolio
The latest sources say that Trump’s crypto fund consists mainly of meme coins and is estimated at $8 million. Among the assets are $1.5 million in Trump-themed meme currency and $5.5 million in TROG tokens.
In addition, he has about 1.3 billion GUA coins, which is about $400,000, and $167,000 in TRUMPIUS tokens. This is the first of its kind, where Trump becomes a stranger in the world of politics and cryptocurrency, considering his previous skepticism of digital assets.
DONALD J. TRUMP WILL BE FIRST SITTING PRESIDENT TO HOLD MEMECOINS pic.twitter.com/ODlNXDaKIT
– Arkham (@arkham) January 10, 2025
From Doubt to Support
Trump’s journey in the crypto world is remarkable. He has been very critical of Bitcoin and other cryptocurrencies, calling them scams. But that all changed in 2024 when he started publicly endorsing Bitcoin and advocating for the right to own it. That’s a widespread trend among politicians, who are increasingly seeing the power of cryptocurrencies and their growing popularity among voters.
Trump’s financial success in the digital sector was also aided by his entry into crypto-free tokens (NFTs) on Ethereum. Trump has reportedly made a good living from these efforts, and currently owns an estimated 496.77 ETH, which is worth an estimated $1.6 million.
Implications For Regulation
Many people are eager to see how the Trump administration will regulate cryptocurrency now that he is back in office. A possible change in the more profitable climate for the regulation of digital assets is marked by the appointment of key figures such as David Sacks as the “Crypto Czar” and Paul Atkins as the chairman of the SEC. This could lead to more precise regulations for investors and businesses involved in the cryptocurrency industry.
Donald Trump. Image: Ronda Churchill/Reuters
Trump’s policies are already changing market dynamics as everyone expected. At this time when Bitcoin reached a record high of $108k, while meme coins are rising, analysts still feel that Trump can make the year 2025 a big change in cryptocurrencies.
The Meme Coin Boom
The rise of Trump-owned meme coins is indicative of a broader cultural shift among young investors who are fed up with established financial institutions. This combination of Trump’s political influence and the speculative nature of memes creates a situation where political events can significantly affect cryptocurrency markets. So, while investors continue with this, they are not ignorant of the volatility that is often associated with meme coins.
Featured image from Fortanix, chart from TradingView