#TrumpBitcoinEmpire Since the election of President Trump in November, the price of Bitcoin has skyrocketed. On the day of the 2024 election, one Bitcoin was trading below $75,000. Last week, Bitcoin reached an all-time high of over $123,000.

This is not a coincidence. Trump has systematically used presidential power to promote Bitcoin and other cryptocurrencies.

On Monday, Trump Media & Technology Group (TMTG), a public company controlled by Trump, announced the purchase of $2 billion worth of Bitcoins. Trump is transforming a struggling media company into a Bitcoin holding company. TMTG, the parent company of Truth Social, has lost over $185 million with a revenue of only $3.6 million in 2024.