Recently, the Trump Media company, associated with the Trump family, made a colossal purchase of bitcoins worth $2 billion. Kaiser called it 'The Great Divide', hinting that the American president is eager to fill his own pockets before any of the first cryptocurrency is added to the US reserve fund. Kaiser suggested that Trump is using his position as president for personal gain from a potential rise in BTC prices—when US authorities begin adding cryptocurrency to their strategic reserve.
Trump supporters in the comments to Kaiser's post tried to justify the president's actions, stating that the politician is setting an example and demonstrating his confidence in cryptocurrency before investing billions of taxpayer dollars into it.
Trump Media Company acquired bitcoins soon after the president signed the GENIUS bill regulating the activities of stablecoin issuers. Previously, Trump issued a decree stating that the state reserve would be replenished with bitcoins confiscated by law enforcement in criminal cases. The president also instructed the finance and trade ministers to consider additional 'neutral ways' to acquire bitcoins, including purchasing on the open market.
The BTC price is currently holding above $118,000, with a market capitalization of the crypto asset at $2.35 trillion. The daily trading volume is $70.1 billion.
Recently, Kaiser stated that US authorities could at any moment nullify corporate bitcoin reserves, as companies like Strategy decrease the value of the US dollar by making large long-term investments in bitcoin.
