Donald Trump launched his own memecoin last weekend, and suddenly the vast majority of his assets are in crypto. Trump’s fortune is estimated by Balaji Srinivasan at $59 billion, and according to him, more than 90% of that is now in crypto assets.
Could that have consequences for his policy?
What are the implications of this development?
Trump’s net worth has skyrocketed this weekend. What he used to have to work hard for in the real estate world, he has now earned in a few days by launching a memecoin.
More than 90% of his assets are now said to be in crypto. And what would that mean for the future president of the United States’ policy on Bitcoin and crypto?
It is highly likely that Trump will do everything he can to safeguard the value of his new assets with favorable laws and regulations.
But this could also increase the chance of a Strategic Bitcoin Reserve. Despite this weekend, Polymarket traders still only see a 33% chance of the Strategic Bitcoin Reserve falling through the first 100 days of Trump’s presidency.
Small chance of Strategic Bitcoin Reserve
Why would the market currently only see a 33% chance of announcing a Strategic Bitcoin Reserve during his first 100 days in office?
Of course, it could be that Trump secretly starts buying Bitcoin. Of course, it would also be quite stupid if the most powerful country on earth announced that they were going to buy a lot of Bitcoin.
That would of course result in them ultimately having to pay a much higher price for their Bitcoin. Trump is and remains a businessman, and will do everything he can to prevent this situation.
Of course, he does not want China or other “enemies” to be ahead of the US. On the other hand, it has now been communicated in such a way that countries such as China and Russia probably know enough.
In the long term, Trump will do something with a Strategic Bitcoin Reserve. It is not yet certain in what form, but they are undoubtedly anticipating this in other countries.
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Source: https://newsbit.nl/90-van-trumps-vermogen-zit-nu-in-crypto/
