Trump picks the first ever bitcoiner on a presidential ticket who holds bitcoin!

[rdbase]

Something many have been anticipating during this month of cryptoweek and signing in the Genius Act for all of cryptocurrency use into law, has seen a bump in it's roadmap.
Trump administration unveils crypto strategy but doesn't disclose it's Bitcoin Reserve Plan.
https://cryptorank.io/news/feed/dd356-trump-administration-unveils-crypto-strategy-but-omits-bitcoin-btc-reserve-plan



Will this stall the rally past the all-time high of $123k many were anticipating by the end of this month?

[rohang]

Trump released the long promised crypto report outlining policy recommendations for regulating crypto in the United States



https://cointelegraph.com/news/trump-admin-releases-promised-crypto-report

While it does say that banking regulations should be eased, there was nothing mentioned about the BTC reserve that people were hoping to know more about  

[coyhasmon]

While it does say that banking regulations should be eased, there was nothing mentioned about the BTC reserve that people were hoping to know more about  

Nobody was expecting information about a Bitcoin reserve from this report. You were not paying attention. The Bitcoin reserve situation has been resolved several months ago, where they created a budget neutral policy of acquiring Bitcoin. For shitcoins they may only keep those that they seize. The topic was mostly concluded then. We know what they are going to do, we just need an update on actual purchases happening.

[rohang]

While it does say that banking regulations should be eased, there was nothing mentioned about the BTC reserve that people were hoping to know more about  

Nobody was expecting information about a Bitcoin reserve from this report. You were not paying attention. The Bitcoin reserve situation has been resolved several months ago, where they created a budget neutral policy of acquiring Bitcoin. For shitcoins they may only keep those that they seize. The topic was mostly concluded then. We know what they are going to do, we just need an update on actual purchases happening.

I think many people were and even many articles suggesting that

Not any concrete info but they do confirm they will buy more - https://coinmarketcap.com/academy/article/bitcoin-news-bitcoin-reserve-plans-active-as-trump-administration-prepares-strategic-accumulation

[rdbase]

Fundraising for the republican party has been known to be going on for quite a long time. But not all the numbers in relation to those donations done in cryptocurrency weren't really known.
But this article helps to uncover some of those numbers and by whom they were from.

Crypto helps fuel $274M Trump war chest - GOP fundraising far outpacing Democrats

source: https://www.bostonherald.com/2025/08/03/crypto-helps-fuel-274m-trump-war-chest

Trump’s super PAC, MAGA Inc
"Crypto industry donors Foris DAX Inc.(parent of exchange Crypto.com) gave $10 million, Blockchain.com Inc. $5 million. Venture capitalists Marc Andreessen and Ben Horowitz each $3 million, while billionaire twins Tyler and Cameron Winklevoss combined for well over $2 million.
MAGA Inc. got a $5 million donation from Musk, a close Trump ally who fell out with the president after leaving his role overseeing the D.O.G.E in late May.
Musk has criticized Trump and Republicans over their signature tax and spending bill. Musk’s donation hit on June 27, the same day he gave $5 million checks to two super PACs that back Republican candidates in the House and Senate. Musk in July vowed to create a third party."

[rohang]

Fundraising for the republican party has been known to be going on for quite a long time. But not all the numbers in relation to those donations done in cryptocurrency weren't really known.
But this article helps to uncover some of those numbers and by whom they were from.

Crypto helps fuel $274M Trump war chest - GOP fundraising far outpacing Democrats

source: https://www.bostonherald.com/2025/08/03/crypto-helps-fuel-274m-trump-war-chest

Trump’s super PAC, MAGA Inc
"Crypto industry donors Foris DAX Inc.(parent of exchange Crypto.com) gave $10 million, Blockchain.com Inc. $5 million. Venture capitalists Marc Andreessen and Ben Horowitz each $3 million, while billionaire twins Tyler and Cameron Winklevoss combined for well over $2 million.
MAGA Inc. got a $5 million donation from Musk, a close Trump ally who fell out with the president after leaving his role overseeing the D.O.G.E in late May.
Musk has criticized Trump and Republicans over their signature tax and spending bill. Musk’s donation hit on June 27, the same day he gave $5 million checks to two super PACs that back Republican candidates in the House and Senate. Musk in July vowed to create a third party."

Thats expected, with how much of a crypto boom can be possible throught trumps actions

However btc has dropped to 113k now after new tariffs announcement, but thats affecting all financial markets and not just crypto

https://www.cointribune.com/en/trump-threatens-sanctions-on-banks-over-crypto-discrimination/

Yesterday it came out that WH will work against banks who exclude crypto transactions, so really good news 

[rdbase]

@rohang
The Trump administration is making $100bln deals with Apple Inc. so to invest into the US too.


source: https://www.nytimes.com/2025/08/06/us/politics/trump-apple-investment.html

But the president's capital venture companies are taking large quantities in the form of cryptocurrenies from foreign investors aswell:
"A venture calling itself Aqua 1 Foundation and saying it is based in the United Arab Emirates announced in late June it had bought $100 million worth of World Liberty’s crypto tokens, becoming the largest publicly known investor in the business."
source: https://www.reuters.com/business/finance/trumps-100-million-crypto-mystery-man-2025-07-11

Late last month I recall reading of a rather large sum of bitcoin being acquired by Trump so here is that news:

https://fortune.com/crypto/2025/07/22/donald-trump-media-djt-bitcoin-treasury-2-billion-devin-nunes

[henry_of_skalitz]

^ We see on where he is betting, and I do think he is sure he is going to get a good chunk of profit out of it, bigger from the one which he could of gained through the traditional means, and faster too

[rohang]

so it maybe now possible for people to invest their retirement savings in stuff beyond just boring stocks and bonds - crypto, real estate, private equity - the high-risk, high-reward stuff usually off-limits to regular workers.

https://x.com/scottmelker/status/1953409476792357154



.
https://x.com/MarioNawfal/status/1953400728032305283



game changer?

[rdbase]

^^
Well it does seem this president can say one thing and all the sudden cancel it months later.
So no, not a game changer if you ask me on these policy promises which can be forgotten about in a mere few months of announcing them.

Same thing when the Trump administration said they would purchase a large amount of bitcoin to satisfy those who believed in a government backed reserve:

https://cointelegraph.com/news/bitcoin-tanks-below-119k-bessent-gov-t-won-t-buy-bitcoin-reserve

So since March this year Trump stated they would be purchasing more bitcoin for this strategic reserve.
But now rescind this executive order suddenly which caused bitcoin to tumble late this week when it had reached it's new all-time high of $123.7k back down to $117.7k.

[Don Pedro Dinero]

^^
Well it does seem this president can say one thing and all the sudden cancel it months later.
So no, not a game changer if you ask me on these policy promises which can be forgotten about in a mere few months of announcing them.

Same thing when the Trump administration said they would purchase a large amount of bitcoin to satisfy those who believed in a government backed reserve:

https://cointelegraph.com/news/bitcoin-tanks-below-119k-bessent-gov-t-won-t-buy-bitcoin-reserve

So since March this year Trump stated they would be purchasing more bitcoin for this strategic reserve.
But now rescind this executive order suddenly which caused bitcoin to tumble late this week when it had reached it's new all-time high of $123.7k back down to $117.7k.

It seems you didn't see the interview or Bessent's subsequent clarification. Bessent was talking about the gold market and went on to talk about building up the bitcoin strategic reserve, and he said that to do so, they weren't going to buy but rather use the seized bitcoins, instead of selling them as the previous administration did. But since people only remember short, simple phrases, it immediately made headlines that the US wasn't going to buy bitcoin, when what he said was that they wouldn't use purchased bitcoins for the initial reserve, but rather the seized ones.

Then he had to clarify what they've repeated ad nauseam, that they would increase the stack with budget-neutral ways.

[Guccho]

Ah that is the thing about politics, words have been misinterpreted or half explained and markets take the instant signals. A lot of individuals do not read beyond the headlines which results in panic sell quite quickly. And if they are actually going to construct a store in confiscated bitcoin and not directly purchase it, at least it implies that they spend money on a bitcoin with the aim of using it. I believe that consistency is what it is all about since each unorthodox turnover puts trust to test. People in authority hope to see investors with a clearly established path and all that they hear is back and forth.

[rdbase]

It seems you didn't see the interview or Bessent's subsequent clarification. Bessent was talking about the gold market and went on to talk about building up the bitcoin strategic reserve, and he said that to do so, they weren't going to buy but rather use the seized bitcoins, instead of selling them as the previous administration did. But since people only remember short, simple phrases, it immediately made headlines that the US wasn't going to buy bitcoin, when what he said was that they wouldn't use purchased bitcoins for the initial reserve, but rather the seized ones.

Then he had to clarify what they've repeated ad nauseam, that they would increase the stack with budget-neutral ways.

No, I did not see the interview.
But what you stated seems to be a valid point of why what Trump and his administration has said were twisting the truth so it can not be said to not be untrue.
A true politician speaking in forked tongues. He certainly is a master of this game.

Ah that is the thing about politics, words have been misinterpreted or half explained and markets take the instant signals. A lot of individuals do not read beyond the headlines which results in panic sell quite quickly. And if they are actually going to construct a store in confiscated bitcoin and not directly purchase it, at least it implies that they spend money on a bitcoin with the aim of using it. I believe that consistency is what it is all about since each unorthodox turnover puts trust to test. People in authority hope to see investors with a clearly established path and all that they hear is back and forth.

Half explanations to not tell the entire plan of what they want to do with the bitcoin strategic reserve.
Keeping everyone in the dark. If this is they are doing, then that does not bode too well for bitcoin.
As you can see from the markets when you woke up this morning. Drop from $117.5k to $115.5k.

[DanWalker]

^^
Well it does seem this president can say one thing and all the sudden cancel it months later.
So no, not a game changer if you ask me on these policy promises which can be forgotten about in a mere few months of announcing them.
Same thing when the Trump administration said they would purchase a large amount of bitcoin to satisfy those who believed in a government backed reserve:
https://cointelegraph.com/news/bitcoin-tanks-below-119k-bessent-gov-t-won-t-buy-bitcoin-reserve
So since March this year Trump stated they would be purchasing more bitcoin for this strategic reserve.
But now rescind this executive order suddenly which caused bitcoin to tumble late this week when it had reached it's new all-time high of $123.7k back down to $117.7k.

It seems you didn't see the interview or Bessent's subsequent clarification. Bessent was talking about the gold market and went on to talk about building up the bitcoin strategic reserve, and he said that to do so, they weren't going to buy but rather use the seized bitcoins, instead of selling them as the previous administration did. But since people only remember short, simple phrases, it immediately made headlines that the US wasn't going to buy bitcoin, when what he said was that they wouldn't use purchased bitcoins for the initial reserve, but rather the seized ones.

Then he had to clarify what they've repeated ad nauseam, that they would increase the stack with budget-neutral ways.

https://x.com/SecScottBessent/status/1956080030137626887

100%, the mood was sorely blemish by those contradictory messages.  Bitcoin fell from 124 K to less than 119 K in a matter of minutes as a result of Bessent's Fox Business line, "we're not gonna buy Bitcoin."  However, he later changed his wits & explained that they are still open to cost effective methods of stacking more.  so, it is legitimate policy equivocation & not just a press backlash.  Using seized Bitcoin, Trump's executive order established a reserve, however, as Don Pedro Dinero mentioned, the new obtain must be formed through budget neutral channels, which are still to be determined.

[rdbase]

^^
Well it does seem this president can say one thing and all the sudden cancel it months later.
So no, not a game changer if you ask me on these policy promises which can be forgotten about in a mere few months of announcing them.
Same thing when the Trump administration said they would purchase a large amount of bitcoin to satisfy those who believed in a government backed reserve:
https://cointelegraph.com/news/bitcoin-tanks-below-119k-bessent-gov-t-won-t-buy-bitcoin-reserve
So since March this year Trump stated they would be purchasing more bitcoin for this strategic reserve.
But now rescind this executive order suddenly which caused bitcoin to tumble late this week when it had reached it's new all-time high of $123.7k back down to $117.7k.

It seems you didn't see the interview or Bessent's subsequent clarification. Bessent was talking about the gold market and went on to talk about building up the bitcoin strategic reserve, and he said that to do so, they weren't going to buy but rather use the seized bitcoins, instead of selling them as the previous administration did. But since people only remember short, simple phrases, it immediately made headlines that the US wasn't going to buy bitcoin, when what he said was that they wouldn't use purchased bitcoins for the initial reserve, but rather the seized ones.

Then he had to clarify what they've repeated ad nauseam, that they would increase the stack with budget-neutral ways.

https://x.com/SecScottBessent/status/1956080030137626887

100%, the mood was sorely blemish by those contradictory messages.  Bitcoin fell from 124 K to less than 119 K in a matter of minutes as a result of Bessent's Fox Business line, "we're not gonna buy Bitcoin."  However, he later changed his wits & explained that they are still open to cost effective methods of stacking more.  so, it is legitimate policy equivocation & not just a press backlash.  Using seized Bitcoin, Trump's executive order established a reserve, however, as Don Pedro Dinero mentioned, the new obtain must be formed through budget neutral channels, which are still to be determined.

This sediment seems to have had permutations throughout the entire cryptomarket.
After such track back statements made by the treasury secretary bitcoin has not recovered and have since only has gone down to $112,900 where it holds now.
That just shows distrust in what the United States secretary has to say and even miscommunication between the president and his own cabinet people.

[rohang]

Well anyone notice this is yesterdays south park episode-



Crypto czar David Sacks holding this bitcoin was amongst a long line of people to meet trump holding such gifts

It didnt go into much detail about that, as the plot of the show was techgridy AI  - turned from tegridy weed company , using modern AI mumbo jumbo to sound like a weed farmer is doing big things globally
 

[rdbase]

Quite a slow week for anything related to bitcoin. It has stayed below the highs of $119k were it was before the massive dump of over a billion worth by a single whale selling off causing it to sink to where we are now. Around the $112k to $113k range without any change in the past 48 hours.

Only thing worth mentioning is Trump's Wealth Liberty Financial has announced a partnership with Crypto.com on Tuesday.
https://fortune.com/crypto/2025/08/26/trump-media-and-technolgy-djt-crypto-com-treasury-company-cronos-truth-social
https://www.bnnbloomberg.ca/business/international/2025/08/26/trump-family-crypto-empire-expands-with-cryptocom-partnership

[bubilas]

But Trump is still a great guy...
Cool news came out, maybe not directly related to Bitcoin, but definitely related to optimism in the crypto world:
With the help of blockchain technology, the US Department of Commerce began to publish data on GDP. This was obviously done for the transparency of reports.  

In my opinion, this is one of the pillars for which the blockchain was created. Transparency and immutability.
And even if this is not the first such case of recording, because in Estonia since 2016 it has been operating in electronic medicine, but what a scale.

Still, Trump really pulls on the crypto president, even if he "speculated" quite a bit at the beginning  .If I remember correctly, he earned more than 100 million.
 It's just nice that there is not only news about speculation or decreasing centralization, or about how anonymity has been driven into a hollow, but also about how the blockchain has been used for its intended purpose on a large scale. If only all the calculation details could be transferred to the blockchain, well, the first step has been taken.
Well, this is a definite plus for the growth potential of BTC...

[rdbase]

Still, Trump really pulls on the crypto president, even if he "speculated" quite a bit at the beginning  .If I remember correctly, he earned more than 100 million.
 It's just nice that there is not only news about speculation or decreasing centralization, or about how anonymity has been driven into a hollow, but also about how the blockchain has been used for its intended purpose on a large scale. If only all the calculation details could be transferred to the blockchain, well, the first step has been taken.
Well, this is a definite plus for the growth potential of BTC...

Well you could be right because it seems that Trump's World Liberty Financial has put up a token early today called WLFI:
https://www.forbes.com/sites/digital-assets/2025/08/31/a-surprise-new-40-billion-trump-crypto-is-suddenly-hitting-the-market-as-bitcoin-predicted-to-top-1-million-price
https://www.barrons.com/articles/trump-wlfi-crypto-trading-today-a430bc92
https://www.bloomberg.com/news/articles/2025-08-31/-easier-to-pump-crypto-coin-backed-by-trumps-opens-for-trading

And it seems the crypto markets have started to take notice with it rising back to $109,400 from $107,900 before it was announced to begin trading over at exchanges such as Binance.
https://www.coindesk.com/markets/2025/09/01/binance-becomes-first-exchange-to-list-trump-linked-wlfi-token

[rohang]

WLFI trading opened on Tuesday hovering around 23 cents

According to public disclosures report "certain family members of Donald J. Trump [hold] 22.5 billion $WLFI tokens."
Thats about 5 BILLION $ in WLFI if the 23 cent value holds

World Liberty Financial said that these tokens were locked and can't be sold pending a vesting schedule TBD

Yesterday the value peaked at about 40 cents

https://www.theguardian.com/technology/2025/sep/02/trump-world-liberty-financial-cryptocurrency

Binance,OKX and Bybit have already opened trading

https://abcnews.go.com/US/trump-family-profits-launch-world-liberty-financial-crypto/story?id=125179318
https://nymag.com/intelligencer/article/trumps-wlfi-coin-goes-public-loses-value-gets-hacked.html

Looks like it will be stable around 20-25 cents