- Donald Trump has publicly embraced Bitcoin (BTC), and several prominent Bitcoin supporters have backed him.
- Since Mr. Trump’s inauguration one year ago, BTC has fallen from about $101,000 to under $90,000 — a drop of more than 11%.
- By comparison, during Joseph Biden’s first year BTC rose from about $36,000 to $41,700, an increase of nearly 16%.
- The Trump administration has formed a so-called “Strategic Bitcoin Reserve” and has been storing bitcoin it acquires; Trump-affiliated World Liberty Financial has also bought large quantities of BTC.
- Prominent Bitcoin advocates including Cameron and Tyler Winklevoss and Jesse Powell supported Mr. Trump with donations that were returned because of size or legality concerns, Protos reported.
Who and what: Donald Trump has embraced bitcoin (BTC) and many Bitcoin supporters have aligned with him over the past year, Protos reported. BTC served as a focal point for political and financial activity tied to his administration.
Figures and developments: On Mr. Trump’s inauguration day, BTC traded at roughly $101,000 and now trades for less than $90,000, a decline of more than 11%, Protos reported. During Joseph Biden’s first year, BTC rose from about $36,000 to roughly $41,700, an increase near 16%.
Administration actions and private purchases: The Trump administration has created a so-called “Strategic Bitcoin Reserve” to hold bitcoin that comes into its possession. The term refers to a government-held stockpile of BTC for policy or operational use; BTC is the ticker symbol for bitcoin, a digital currency.
Private actors and donations: Trump-affiliated World Liberty Financial has purchased large quantities of BTC, Protos reported. Several high-profile Bitcoin figures, including Cameron and Tyler Winklevoss and Jesse Powell, backed Mr. Trump with donations that would have been illegal had they not been returned, according to Protos.
Context and reporting: Despite political support and purchases linked to the Trump camp, BTC’s market performance has lagged compared with its trajectory during Mr. Biden’s first year in office. For tips or secure communication, send an email via Protos Leaks. For more informed news, follow Protos on X, on Bluesky, view its Google News page, or subscribe to its YouTube channel.
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