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https://www.gate.com/announcements/article/45974
Trump Rises Investment in Bitcoin as Cryptocurrency Becomes the Power Game of the United States
In the past, Trump was cautious about cryptocurrencies, but now he has changed his perspective, emphasizing the role of Bitcoin in boosting economic activity and reducing dependence on traditional banking systems. At a recent press event, Trump noted that Bitcoin has contributed to job creation and strengthened the position of the US dollar globally. He revealed personal investments in this asset before taking office as president and noted that his sons had followed suit. Trump also argued that under his leadership, the cryptocurrency industry has taken root in the US - an effort that, he said, would be dominated by China without swift action.
The Trump administration's efforts to promote cryptocurrency are not merely symbolic. Trump Media currently holds over 2 billion dollars in Bitcoin, becoming one of the largest companies holding this asset. The company has also invested hundreds of millions of dollars in cryptocurrency derivative products linked to ETF funds and blockchain stocks. This expansion aligns with the President's broader efforts to position the United States as a global cryptocurrency powerhouse, supported by new legislation and regulatory clarity. The influence of the Trump family has also extended into the field of decentralized finance. Their DeFi project, World Liberty Financial, has generated $500 million in revenue since its launch. Despite concerns about potential conflicts of interest, supporters argue that these policies reflect a clear strategy to modernize the U.S. financial system, rather than personal enrichment. With Bitcoin trading near $120,000 and more organizations getting involved in this field, Trump's bet on digital assets is emerging as a hallmark of his economic legacy. His administration even hinted at launching a token linked to Truth Social, signaling deeper cryptocurrency integration in the future. $BTC {spot}(BTCUSDT)