#TrumpBitcoinEmpire

Since President Trump was elected in November, the price of Bitcoin has sharply increased. On the day of the 2024 elections, 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 majority-owned 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, lost over $185 million with total revenue of only $3.6 million in 2024.