Donald Trump STABS Crypto In The Back ALREADY!

Altcoin Daily

20 Jan 202508:27

Summary

TLDRIn his inauguration, Donald Trump made no mention of cryptocurrency, despite significant actions behind the scenes. His team secretly purchased over $47 million in Bitcoin and $100 million in Ethereum, signaling strong support for the crypto industry. Trump’s newly created platform, World Liberty Financial, is also actively involved in crypto, including buying domain names like trumpcoin.eth. Meanwhile, his net worth surged due to the value of a meme coin launched by his team. The video also touches on political dynamics, such as potential developments regarding Bitcoin policy and the SEC's shift with new leadership.

Takeaways

😀 Donald Trump was sworn into office, but his inauguration speech made no mention of cryptocurrency or Bitcoin.
😀 There was no mention of Ross Ulbricht or a Bitcoin Strategic Reserve in Trump's speech or executive orders.
😀 Trump's administration prioritized issues like border security, energy dominance, tariffs, and climate change over cryptocurrency.
😀 A major endorsement of Bitcoin happened when Trump's team reportedly bought $47 million in Bitcoin and $100 million in Ethereum.
😀 Trump's team acquired wrapped Bitcoin and Ethereum, though some questioned the nature of these purchases.
😀 World Liberty Financial, associated with Trump, has been stacking Bitcoin and Ethereum as part of its crypto investments.
😀 Trump's team also bought domain names like trumpcoin.eth and erictrump.eth, potentially preparing for a meme coin launch.
😀 Trump's new meme token surged in value, briefly bringing his net worth into the crypto space, with a market cap reaching $10 billion.
😀 Trump’s crypto token is issued on the Solana network, which gained significant attention, including from Fox Business.
😀 Despite no mention of crypto in Trump's inauguration speech, his administration's crypto involvement was noteworthy with millions in crypto investments and staking.

Q & A

What is the main focus of the video transcript?
-The video primarily discusses the lack of focus on cryptocurrency in Donald Trump's inauguration speech, the purchase of Bitcoin and Ethereum by his team, and the creation of a crypto platform called World Liberty Financial.
Why does the Bitcoin community feel burned according to the transcript?
-The Bitcoin community feels burned because Trump made no mention of cryptocurrency or a Bitcoin Strategic Reserve during his inauguration, despite the community's hopes for crypto-related policies.
What does the transcript reveal about Trump's team's involvement in cryptocurrency?
-The transcript reveals that Trump's team bought $47 million worth of Bitcoin and over $100 million in Ethereum during his inauguration, signaling support for cryptocurrencies.
What is World Liberty Financial and what role does it play in the cryptocurrency space?
-World Liberty Financial is described as Trump's crypto platform, which has been involved in purchasing Bitcoin and Ethereum, as well as buying domain names related to Trump-themed cryptocurrencies.
What new domain names did Trump's team acquire and what does it suggest?
-Trump's team acquired the domain names trumpcoin.doeth, erictrump.eth, and barontrump.eth, which suggests potential plans for launching Trump-related meme coins in the future.
How has Trump's new meme token impacted his financial standing?
-Trump's new meme token surged in value, causing his net worth to balloon, with a market cap of around $10 billion for the initial 200 million tokens. His company could make over $40 billion if all tokens are sold at current values.
What blockchain was chosen for Trump's meme token and why is it significant?
-Trump's team chose the Solana blockchain for the meme token, a notable decision that has garnered attention, with major platforms like Coinbase and Kraken listing the token.
What is the current status of the Bitcoin Strategic Reserve in Trump's administration?
-There is no immediate priority for a Bitcoin Strategic Reserve, and the policy document sent to Republican lawmakers does not mention it. Trump’s administration is currently focused on energy policies and border control.
What recent political updates related to crypto does the transcript mention?
-The transcript mentions Gary Gensler's resignation from the SEC and the appointment of Paul Atkins, a more pro-crypto figure, as the new SEC chair. It also highlights the new Treasury Secretary's Bitcoin holdings.
How does the transcript suggest that Trump’s crypto stance aligns with the Republican Party?
-The transcript suggests that Trump's embrace of cryptocurrencies aligns with the Republican Party's values of freedom and personal financial empowerment, with the new Treasury Secretary already disclosing a Bitcoin ETF position.