How Trump learned to love Bitcoin

Since the election victory of the self-proclaimed “Bitcoin President” Trump has been chasing the cryptocurrency of record high too record high. Trump's Bitcoin love also contains personal financial interests.

There is euphoria on the crypto market. Since Donald Trump's election as the new US president, Bitcoin has no longer known. The cryptocurrency rushes from record to record, in the morning it sets up a new record at $ 90,647. Since her annual low at $ 38,505 on January 23, the most important and oldest cyberdevise has more than doubled.

Bitcoin-Rally is a classic “Trump Trade”

The cryptocurrency is now taking the $ 100,000, Bitcoin experts like Robert Rethfeld from Wellenreiter-Invest assume that the psychologically important brand could soon be reached.

Market observers speak of a classic “Trump Trade” with a view to the steep price increase of the Bitcoin-the cryptom market is considered one of the very big profiteers of the Trump victory in the US elections. “The future for crypto has never looked better than it is today,” says Kris Marszalek, head of the world's second largest crypto exchange crypto.com, to X.

USA should become a “planet crypto center”

In fact, from January, Trump is now a president in power, who recently discovered his love for digital currencies all the more intensely. In the summer, the Republican had voted “Bitcoin President” at a national Bitcoin conference and announced that the USA is the “crypto center of the planet”.

For this purpose, Trump wants to loosen the regulatory environment for cryptocurrencies: during the first 100 days of his term, he plans to launch a “Bitcoin and crypto advisory board”. This should then develop clear guidelines for regulating the industry.

Appearance for the “Crypto Mom”?

In addition, Trump had said several times that it would be one of his first official acts as US President to fire the head of the SEC Börsensliche SEC, Gary Gensler, because of his “cryptofo-essence”. This is hardly feasible in practice. But the SEC boss usually resigns in the period before the inauguration of a new president. The chances are good that Hester Pierce will take over the management of the stock market supervision.

The SEC Commissioner, which was already appointed by Trump in 2018, has made a name for herself in the industry as a strong supporter of a more flexible and more innovative regulatory approach in cryptocurrencies. It is not for nothing that her nickname is “Crypto Mom”.

A “national Bitcoin-Reserve” for times of crisis?

But that's not all: Trump also announced that it would create a “national reserve” in Bitcoin and thus “create a national value from which all Americans benefit”. With the term “national reserve”, Trump deliberately alludes to the existing state strategic reserves in gold and oil; The term is intended to suggest stability in possible times of crisis.

If the Trump government actually creates a national Bitcoin reserve, this should be “a day for the history books for American monetary policy, which also gave way to the last doubts about Bitcoin's sustainability,” predicts Marktanalyst Konstantin Oldenburger from the Broker CMC Markets.

But how sensible does it make for a stable industrial state like the USA to build a Bitcoin reserve? The vast majority of economists think this is an absurd idea. Especially since the United States are already home to the world reserve currency: that of the dollar.

Bitcoin-Reserve Would be a competition for the dollar

The disadvantages of Bitcoin are obvious as an additional strategic reserve: the cyberdevise is significantly less liquid than the dollar and is not generally recognized as a medium. In addition, the Bitcoin courses fluctuate extremely strongly. Bitcoin is therefore hardly suitable as a value memory – in contrast to the dollar, but also to gold.

“From the US government's point of view, it would be nonsensical to build Bitcoin as a second currency reserve next to the US dollar,” emphasizes Robert Rethfeld from Welleiter-Invest. “In difficult situations, the guarantee of dollar liquidity by the Fed is important for other central banks,” said the market expert. From a US perspective, Protectionism also means receiving the US dollar as a world reserve currency.

World Liberty Financial – Trumps crypto -project

But whether Trump will focus on the interests of the United States in his decisions is questionable anyway. The fact is: the billionaire has a very personal interest in improving the market environment for cryptocurrencies; If he not only returned something to his supporters from the crypto community who co-financed his election campaign with over $ 140 million: the businessman Trump himself also pursues his own financial interests.

If Trump had described Bitcoin as “fraud” three years ago, he has since completed a 180-degree return, which is also reflected in his shops. It was only in October World Liberty Financial At the start – a crypto project “Inspired by Donald Trump”. So far, this primarily consists of a simple website, the sale of a token of the same name with the abbreviation Wlfi and a handful.

Trump and the campaign donations of the crypto industry

According to the website Open Secrets Crypto entrepreneurs have massively financed the Trump campaign. The so -called crypto triad – the three platforms Coinbase, Ripple and Jump Crypto – contributed the lion's share with about $ 93 million. The risk capitalor Andreessen Horowitz donated another $ 45 million. The twin brothers Cameron and Tyler Winklevoss, founder of the Gemini crypto exchange, which once described themselves as the first Bitcoin billionaires in the world, gave five million dollars.

Trump as “chief crypto lawyer”

According to the website, Trump's sons Eric Trump, Barron Trump and Donald Trump Jr. The same opaque as the jobs of the Trump sons is that of her father: Donald Trump is “Chief Crypto Advocate”. It remains to be seen whether the post of a “chief crypto lawyer” is compatible with that of the US President.

In the professional world, the experts tear the mouths about the president's crypto project. Because you can already buy the Wlfi token, but you cannot act. It is “not transferable”. In fact, the purchase of the token is equally a donation; In return, buyers only get an “say” that is not more detailed when organizing World Liberty Financial.

Token revenue should go to “Inner Circle”

In fact, the Wlfi token has so far been a real pipe crepe. According to the website, only 1.09 billion tokens have been sold so far and thus only a fraction of the desired 20 billion. The value of the token sold amounts to around $ 16 million – it should be $ 450 million.

But what happens to the money,, contrary to expectations, should Wlfi still be a success and sell all tokens? If you want to know that, you have to look into the small print, that at Wlfi Gold Paper is called. Thereafter, $ 30 million should be used for the ongoing expenditure of Wlfi. The rest – around $ 420 million – is divided under an “inner circle” of the “first supporters”.

Trump critic: Wlfi is one “more transparent Fraud”

The biggest profiteer of this would of course be – Trump: 75 percent of the income should flow into a company called DT Marks Defi Defi LLC, which is owned by the future US president. The hedge fund manager Anthony Scaramucci therefore speaks In an interview with Coindesk also clearly from “fraud”. Scaramucci was only briefly head of communication in the White House in the first term of office and has been one of Trump's greatest critics since that time.

Trump himself described the Wlfi token in a statement on X as “its chance” to “help shape the future of financial system”. Maybe Liberty Financial is primarily “your chance” to help shape the future of Donald Trump's finances.