Can one person adapt so quickly to new technologies, especially if they are not exactly young? It turns out, they can. Trump, who just recently joked on camera about how 'it's better to invest in gold,' has now unexpectedly found himself among the largest players in the cryptocurrency market. How? He simply introduced a few meme coins, and voilà, cryptocurrency assets skyrocketed. If this isn't magic, then what is?
Let's break down the numbers. Trump started with the tokens TRUMP and WLFI. These cryptocurrencies didn't just exist on paper — they gained popularity, partly due to the very names they bear. And it became a hit! Who would have thought that his name would become such a magnet for millions of dollars?
Now for the sad part. According to the Foundation for Defense of Democracies (SDDF), no one can name the exact figure of how much cryptocurrency Trump actually has. The volatility of the crypto market is no joke. One day it's up, the next it's down, but Trump seems to know how to profit from it. And considering that his crypto assets could make up to 37% of his total wealth, it’s safe to say that he is not just in the game, but has become a leader in it.
Problems with assessments
Now let's talk a little about how these assessments work. Of course, no one knows how much Trump actually has in cryptocurrency assets. We all know how easy it is to ignore old valuation methods and overestimate new ones. But if you look at the meme coin market, you'll see how quickly their value can rise. For example, the TRUMP token might have started with small investments, but in a hype environment and discussions about it, it can instantly gain momentum.
So, what do we have? President Trump may not only be a leader on the political front, but also a cryptocurrency mogul who makes money even from market volatility. His cryptocurrency assets may constitute almost 40% of his wealth — and this is just the beginning. And who would have thought that when we talk about financial freedom, Trump would be an example of how one can become financially independent with the help of meme coins? If this isn't an example of the American dream, then what is?
If you thought that cryptocurrencies are only for those who are 'out of the loop,' then Trump will strongly convince you otherwise. He has not only become the first president with cryptocurrency assets, but also seems to plan to use them for his own interests. Why not? After all, how would you react if you were told that your president could be 37% richer thanks to crypto? Think about it.
So the next time you see a meme coin or a token with the name of some famous politician, remember, there might be a future billion behind it. And who knows, maybe Trump will even hint at how to make millions in cryptocurrency.
