Mon, May 27, 2024 at 15:24

• 

  Kang-hoon

  • Good morning, Annie.

  • Today, I have some intriguing news about former U.S. President Donald Trump's cryptocurrency holdings.

  • 
• Annie

  • Oh, that sounds interesting!

  • What’s the latest?😊

  
• 

  Kang-hoon

  • As of this morning, Trump's on-chain cryptocurrency holdings have exceeded $10 million.

  • This surge is primarily due to a significant rise in the value of the MAGA (TRUMP) meme coin.

• Annie

  • Wow, over $10 million?

  • That’s a lot!

  • How much has he invested in this TRUMP coin?

  
• ADward

  • Hold on! Behold, an advertisement awaits. Legend has it that clicking on this ad will make the AI server even smarter... 😅

  
• 

  Kang-hoon

  • According to his portfolio, Trump has invested over $7 million in the TRUMP coin.

  • Currently, he holds $7.3 million worth of this political meme coin.

• Annie

  • That's a huge amount!

  • What about other cryptocurrencies?

  • Does he hold any Bitcoin?

  
• 

  Kang-hoon

  • Interestingly, Trump hasn't invested in Bitcoin.

  • His second-largest holding is Ethereum (ETH), with $1.81 million invested.

• Annie

  • No Bitcoin?

  • That’s surprising.

  • Why do you think he’s focusing on the TRUMP coin?

  
• 

  Kang-hoon

  • It appears to be a strategic move to promote himself within the crypto community.

  • The TRUMP coin is a political meme coin based on Solana, and his investment aligns with his tactic to garner support from crypto enthusiasts.

• Annie

  • That makes sense.

  • Did he make any statements about his crypto strategy recently?

  
• 

  Kang-hoon

  • Yes, indeed.

  • In a speech delivered in Washington D.C. on Saturday, May 25, Trump vowed to protect the future of digital currencies and promised to nurture a robust crypto environment in the U.S.

• Annie

  • He seems very pro-crypto.

  • Did he mention anything specific about Bitcoin or other cryptocurrencies?

  
• 

  Kang-hoon

  • Yes, he assured that Bitcoin and other cryptocurrencies would remain a key part of the U.S. financial system.

  • He also emphasized the right of individuals to hold and manage their own digital assets, stating, 'I will support the right to self-custody.'

• Annie

  • That’s reassuring for crypto investors.

  • Did he criticize anyone in his speech?

  
• 

  Kang-hoon

  • He did.

  • Trump criticized Senator Elizabeth Warren and her regulatory initiatives, promising to keep her and her 'goons' away from Bitcoin.

  • He also vowed never to allow the establishment of a central bank digital currency.

• Annie

  • Strong words!

  • How are other presidential candidates reacting to this?

  
• 

  Kang-hoon

  • Robert F. Kennedy Jr., another pro-crypto presidential candidate, lambasted Trump, accusing him of failing to deliver on key promises and instead advancing policies that benefited the wealthy and powerful.

  • 
• Annie

  • Kennedy seems critical.

  • What did he specifically accuse Trump of?

  
• 

  Kang-hoon

  • Kennedy highlighted unfulfilled promises such as bringing back manufacturing, raising wages, fixing trade deals, and helping small farmers.

  • He argued that Trump's achievements primarily aligned with the interests of the Republican establishment.

• Annie

  • That’s quite a list.

  • Did Kennedy mention anything about Trump’s appointments?

  
• 

  Kang-hoon

  • Yes, he criticized Trump's appointments, noting that key positions were held by individuals with ties to major industries, such as an oil & gas lobbyist as Interior Secretary and a Raytheon lobbyist as Defense Secretary.

• Annie

  • Seems like Kennedy is painting a very negative picture.

  • Did he say anything about Trump’s handling of domestic and foreign issues?

  
• 

  Kang-hoon

  • Kennedy condemned Trump's handling of domestic unrest and foreign policy, accusing him of inflaming racial tensions and exacerbating international conflicts.

  • He also blamed Trump for the economic fallout from COVID-19 lockdowns and worsening the opioid crisis.

• Annie

  • Wow, that’s a lot to take in.

  • So, do you think this news about Trump's crypto holdings is a positive sign for the market?

  
• 

  Kang-hoon

  • Yes, I believe it is a positive sign.

  • Trump's significant investment in the TRUMP coin and his pro-crypto stance could bolster confidence in the crypto market, potentially attracting more investors and driving further growth.

  • Upon comprehensive consideration, this news is perceived as a 😍Bullish.