Former US President Donald Trump has recently been active in the cryptocurrency field, not only publicly expressing support for Bitcoin but also reportedly expanding his family's involvement in the blockchain industry. Reports indicate that Trump himself holds a significant amount of Bitcoin, and his son Eric Trump has confirmed the family's positive outlook on Bitcoin, believing it will experience "exponential growth" in the future.
Additionally, companies related to the Trump family are actively participating in Bitcoin mining operations, with some news suggesting plans to launch a Bitcoin ETF. This shift has drawn market attention, with some believing that Trump is trying to cater to cryptocurrency voters and financial backers, and his high-profile involvement has indeed driven up the prices of related tokens, including the meme coin TRUMP that he issued and his wife Melania's MELANIA. However, this behavior has also raised concerns about conflicts of interest and market volatility.