American Bitcoin - Trumps vision.

[Jet Cash]

It seems that the Trump family bought ABTC.com for $700,000. I'm having trouble understanding how he will be able to capitalise on that investment, but I guess it could be good for Bitcoin. On the other hand, he may want to reduce the use of Bitcoin to promote Stablecoins he owns. What do US guys think of Trump's Bitcoin involvement?

[john_egbert]

i am not from US, but I see it all as maximising profit where it can be done.. if BTC name would be ETH, and ETH overall would perform better, Trump would choose it, not something with lesser cap and name.

He doesn't go for the tech, but for hype and profit.

[Ambatman]

ABTC is a mining company own by the Trump family specifically Eric and Donald Trump jr
They came up last year around September or something
Though I didn't come across any news about them getting a domain name for $700K
Nothing much to the Company's net worth and they can gain from it since well
They control the biggest country in the world.

What do US guys think of Trump's Bitcoin involvement?

He's in it for the money
And it's involvement especially his sons owning companies on it may help with price
But at what cost.

[legiteum]

While neither I nor anybody else here can predict what Trump will do next, we can increase our odds of guessing right by understanding various things about his character and how he operates based on what we have all witnessed in his lifetime:

1. Trump will always do what is best for Trump. He does not care about the USA or any other country.

2. Trump will use the full power of the US government to make money for himself.

3. Trump's party will support him no matter what he does, moral or immoral, legal or illegal.

4. Trump doesn't know (or care) about technology, only about money.

5. Trump has run, and profited from, many different scams over the years, and understands that profession well.

6. Trump makes everything "cultural", and turns everything into a "us versus them" scenario.


It's also worth noting the overall environment that Trump operates in:

1. Trump is the most divisive president the US has ever had by a very large margin.

2. Trump has thus far been extremely lucky with the business cycle, presiding over a very good economy.

3. Trump embraced Bitcoin in 2024 and, based on the way he (and now his party) does things, he made Bitcoin and crypto "a Trump thing" in the eyes of most average people.

4. Trump's political fortunes could reverse themselves if the economy in the US faltered, and everything "Trump" would turn from cool to uncool.

5. Thus all of the positive attention that Trump's involvement with Bitcoin has brought could turn into a liability instead.

So with all of that in mind, if your questions is, will Trump's involvement in Bitcoin help the price of Bitcoin?

Short term, the answer is (and has been) obviously YES. While Trump's damage to the US economy is dragging on the price of Bitcoin, clearly the price would be drastically lower if the US president weren't actively pumping Bitcoin right now by promising to use the $trillions from the US government to prop it up. (Sen. Elizabeth Warren, a common Trump/Republican boogieman, is preemptively rallying her side around the battle cry, "NO BITCOIN BAILOUT!" Trump will get his party and the US government to be on the other side of that argument (even purely for the sake of argument, i.e. partisan politics).

But the prospect of a "Bitcoin bailout" from the US government is almost undoubtedly having a huge positive effect on the price of Bitcoin, so if that reversed, the price would plummet.

Longer term, I agree with the OP that a scenario where Trump made Bitcoin illegal in the US and forced everybody to trade their Bitcoin for TrumpCoin instead is not out of the question because:

A) That could make him an actual $trillionaire.

B) His party and his voters wouldn't care.

C) He could easily do it with the power of the US presidency (especially since he ignores the Congress and the Courts).

D) He could do it below the radar, quietly pressuring companies (say like Binance and CoinBase) to go his direction.

But there are all kinds of other scenarios that could happen as well that would enrich Trump. My "feeling" here is that he doesn't own enough of Bitcoin to work for its long-term interests, and he will instead find it easier to make more money by screwing over Bitcoin, but it's completely up to what he and his people think up.

[Alphakilo]

One thing is that ABTC has more of Trump family involvement than any other coin with facts and figures present.
I also think Trump ain't trying to replace Bitcoin with his family stablecoin, but trying to have more influence in the financial ecosystem of the U.S by building a full stack system, being significant shareholders and agreeing to a profit sharing agreement plan just to benefit immensely from cryptocurrency investments.
I also think it is one of the reasons that the U S reserve crypto currency bank is functional and policies enacted to suit the rising adoption of  cryptocurrency.

[PrivacyG]

IF the involvement stuck to simply making Bitcoin better as in a better frame work and regulations for it and reverting all the previous attacks on Privacy, it would have been great.  Bitcoin has however clearly become simply a tool to use in order to manipulate voters by making them believe they will become Rich if they vote for him.  In this situation, as soon as I saw the 'TRUMP COIN' Scam followed by all the other Scams his family initiated, I knew this hope was all in vain and I have no more positive expectations.

My expectation is that his family will use this opportunity either to leverage their Shit Coins.  Or, that they are planning some sort of opportunity yet again for Millionaires or Billionaires like he did with the Golden Visa or what ever that was called where you could throw a Million Dollars at them and be 'the special one'.

Like all the time.  Do not have any expectations from Politicians.

[Joy_learns_crypto]

It seems that the Trump family bought ABTC.com for $700,000. I'm having trouble understanding how he will be able to capitalise on that investment, but I guess it could be good for Bitcoin. On the other hand, he may want to reduce the use of Bitcoin to promote Stablecoins he owns. What do US guys think of Trump's Bitcoin involvement?

I don’t the US guys will be surprise or think much about Trump’s bitcoin involvement , the US guys and the world already knows that Donald Trump is a serial entrepreneur and investor.
Trump family bought ABTC.com for good reasons, sometimes we may not see any good reasons but good investors can make investment seeing a future others don’t see.

[coupable]

3. Trump's party will support him no matter what he does, moral or immoral, legal or illegal.

There are those within the Republican Party who oppose policies of Trump, but they have no voice compared to the majority of the popular base who feel victorious with Trump in power.

One thing is that ABTC has more of Trump family involvement than any other coin with facts and figures present.
I also think Trump ain't trying to replace Bitcoin with his family stablecoin, but trying to have more influence in the financial ecosystem of the U.S by building a full stack system, being significant shareholders and agreeing to a profit sharing agreement plan just to benefit immensely from cryptocurrency investments.
I also think it is one of the reasons that the U S reserve crypto currency bank is functional and policies enacted to suit the rising adoption of  cryptocurrency.

This is logic from the approach that Trump won't be the main mirror of this investment to avoid conflict of interest accusations, while he directs US policy towards more crypto adoption. I would also avoid that Trump is trying to replace bitcoin with any of his family coins (they are many), but willing to take his share from the crypto industry as a new emerging market.

[coinrifft]

Though I didn't come across any news about them getting a domain name for $700K

https://www.namepros.com/threads/what-would-you-have-asked-for-abtc-com.1378897/#post-9566722

It seems that the Trump family paid $700,000 for this name. I think I would have asked about $5,000 for it. How on earth can one comprehend the possibility of a $700k price? I guess this is really the skill of successful domain investors.

It seems that the Trump family bought ABTC.com for $700,000. I'm having trouble understanding how he will be able to capitalise on that investment, but I guess it could be good for Bitcoin. On the other hand, he may want to reduce the use of Bitcoin to promote Stablecoins he owns. What do US guys think of Trump's Bitcoin involvement?

I'm not a US citizen, but it was like 5 months ago that this company has went public. And according to this filing, they have made $64.2 million.

https://www.sec.gov/Archives/edgar/data/1755953/000119312525281406/abtc-ex99_1.htm

[Akbarkoe]

It seems that the Trump family bought ABTC.com for $700,000. I'm having trouble understanding how he will be able to capitalise on that investment, but I guess it could be good for Bitcoin. On the other hand, he may want to reduce the use of Bitcoin to promote Stablecoins he owns. What do US guys think of Trump's Bitcoin involvement?

I haven't seen how Trump interacts with Bitcoin. He only uses Bitcoin as a political tool, issuing regulations as a strategic reserve and only taking from confiscated goods, with no direct purchases by the government.

I emphasize Bitcoin as a political tool for him because it is real, so that he does not appear old-fashioned. on the other hand, it's being used as a tool to seek huge profits and as a gateway for his family to enter and disrupt the crypto market. You need to see how his scheme works to profit, starting from the $Trump $Melania meme and others. When he saw how profitable the stablecoin business model was, he started entering that space to compete for the market. And you're right, this might be one way to market the products he owns.

[CryptSafe]

Trump is a businessman and a Politician so going by that, we should already know what is obtainable because he definitely would not be acting just like that without any benefit to derive from such actions or the move he wants to make. So I am not surprised to see what is going on because he will definitely have his interests protected, and that is a good business for him, though.

[goldkingcoiner]

It seems that the Trump family bought ABTC.com for $700,000. I'm having trouble understanding how he will be able to capitalise on that investment, but I guess it could be good for Bitcoin. On the other hand, he may want to reduce the use of Bitcoin to promote Stablecoins he owns. What do US guys think of Trump's Bitcoin involvement?

I think he was only involved for the publicity.

That is what I thought from the beginning and I have not changed my mind since. He obviously just wanted more voters so he  can become president. Now he is ready to throw the crypto community away.

[JiiBs]

On the other hand, he may want to reduce the use of Bitcoin to promote Stablecoins he owns. What do US guys think of Trump's Bitcoin involvement?

Reduce the use of Bitcoin you say?
Do you mean that figuratively or it’s subjectively as it concerns the said company? I’m asking because, I don’t see how Trump can be able to reduce the use case of Bitcoin on a general base as I don’t think he’s got that kind of power due to the decentralized nature of Bitcoin.

As per promoting Stablecoins with he’s initiative, he already tried that with his Trumpcoin and that didn’t go so well. Most of the person that invest in Bitcoin or see reasons to invest in cryptocurrency today does that because of volatility which lacks a great deal with Stablecoins so, I don’t think that would go so well for Trump.