The president-elect of the United States recently reaffirmed his campaign promise to create a strategic reserve of Bitcoin.
The new president of the United States, Donald Trump, has a cryptocurrency portfolio equivalent to almost US$17 millionafter earning US$6 million in the last 24 hours. The peculiarity is that the president does not have investments in Bitcoin.
According to Arkham Intelligence, the billionaire’s main asset is TROGworth more than US$10 million. The frog memcoin skyrocketed 448% in the last week and more than 1,700% in the last month. Despite this, TROG is ranked 1,080th in terms of market capitalization, worth $15.5 million.
70% of Trump’s portfolio corresponds to memecoins. It is worth adding that the memcoin with its name, Trump, has accumulated a gain of 548% so far this year, has a valuation of almost US$76 million and is ranked 586 in the market capitalization ranking.
Ethereum It also appears in the portfolio, with a position worth almost US$2 million.
Donald Trump’s plans for cryptocurrencies and Bitcoin
Donald Trump ratified his campaign promise to create a strategic Bitcoin reserve which would control up to 5% of the total supply of the leading cryptocurrency. This generated a strong rise in the value of this digital asset in recent weeks.
According to the project prepared by the senator Cynthia Lummis (R-Wyoming), a “Bitcoin purchase program” that will not acquire more than 200,000 bitcoins per year over a period of five years, up to one million bitcoins. States can also voluntarily participate in storing bitcoin holdings as part of the reserve, and would have to meet certain requirements, including security protocols.
“Establishing a strategic bitcoin reserve to bolster the US dollar with a digital hard asset will secure our nation’s position as a global financial leader for decades to come.“Lummis said in the text.
Source: Ambito
