#TrumpBitcoinEmpire

Donald Trump's crypto empire is expanding, with his media company, Trump Media and Technology Group (TMTG), making a significant bet on Bitcoin. Here's what's happening ¹:

- *$2 Billion Bitcoin Investment*: TMTG has invested $2 billion in Bitcoin and Bitcoin-related securities, backed by $2.5 billion in fresh capital. This move comes after Trump's allies pushed through pro-crypto bills in the House, including the GENIUS Act, which regulates stablecoins.

- *Crypto-Friendly Legislation*: The GENIUS Act could benefit World Liberty Financial, a Trump-adjacent crypto outfit with its own stablecoin. This has led to a surge in the value of WLFI, the firm's governance token.

- *Trump's Crypto Strategy*: Trump's investment in Bitcoin is seen as a strategic move to position himself as a pro-Bitcoin candidate. His message is centered around "freedom money" and opposing central bank digital currencies (CBDCs).

*Key Players and Interests*

- *Trump Family*: The Trump family reportedly holds a significant stake in World Liberty Financial, which could benefit from the GENIUS Act.

- *TMTG*: Trump Media and Technology Group, the parent company of Truth Social, is Trump's most prominent post-Twitter mouthpiece.

*Market Impact*

- *Bitcoin Price*: Bitcoin's price has taken a breather, while altcoins drive the market ahead.

- *Memecoin Surge*: Trump's memecoin, "Official Trump," surged 10% to $11.55 after the crypto-friendly bills were passed.

Trump's crypto moves are seen as a way to co-opt crypto populism, similar to his conservative populism in 2016. His dual identity as a political kingmaker and crypto speculator is becoming central to his brand ¹.