Trump and the Future of Cryptocurrency

By Jeff Stinger • February 3, 2025

Donald Trump 2.0 is a far from the original Trump. The first Trump Administration decried digital assets, with The Don himself declaring, “I’m not for Bitcoin. I’m for the U.S. dollar.” Times have changed. Two years before his second Presidential victory, Donald Trump has embraced cryptocurrency. But are Trump and his family embracing cryptos because they believe it’s the future of finance or to enrich themselves beyond comparison? Let’s dive into Trump and the future of cryptocurrency.

What Does the Cryptocurrency Future Hold in Donald Trump’s Second Term as President?

Donald Trump has embraced cryptocurrency, but we must take a closer look before declaring that it’s because his eyes are finally open wide. First, no doubt, Trump wouldn’t have succeeded in his quest to win a second term without attracting cryptocurrency donor dollars. Kamala Harris far outpaced Trump in the donor dollar chase, but Harris’s money came from traditional donors. Trump’s money came from crypto donors, which is a far younger and in many ways more affluent group.

This was due in part to Trump’s youngest son, Baron, who convinced his father that he had to go to TikTok, Instagram, cryptocurrency social media route to win back the Presidency. Trump listened to Baron and was off to the races.

Second, days before his swearing in as the Commander in Chief, Trump released the $TRUMP meme coin. The value skyrocketed to $13 billion before losing 50% of its value shortly after. For sure, this was a money grab. That’s the only way to explain it because meme coins don’t do much as blockchain utilization.

The difference between a meme coin and something like Bitcoin, Ethereum and Solana is that BTC, SOL, and ETH, have a purpose. Solana can complete an amazing amount of transactions per second while Bitcoin is the bedrock of the crypto industry. Trump’s meme coin is a simple money grab.

Bitcoin Will Serve as the Backbone of the Cryptocurrency Industry

But just because The Don is making big time bucks with his meme coin, it doesn’t mean he doesn’t believe in cryptocurrency. Trump sees the value of the dollar falling, which is why he’s creating a cryptocurrency panel, review board, whatever you want to call it, to look into a U.S. cryptocurrency stockpile much like the old Fort Knox that held a gold stockpile.

The crypto stockpile, no doubt, will include Bitcoin and that’s it. The reason is that there are 21 million BTC. Satoshi created code that only allows for that much Bitcoin. So in the end only 21 million will ever exist. When dealing with Ethereum and Solana, we must deal with burn rates, which means Bitcoin is the way to go.

Major organizations throughout the world are scrambling to acquire BTC in the early days of the second Trump Administration Rumor has it, major organizations throughout the world are looking to acquire BTC before the Trump Administration employs their BTC acquiring strategy. The value of Bitcoin will skyrocket once a single one of these top organizations, most or government backed, acquires enough Bitcoin to move the market.

What does this mean for the future of other cryptocurrencies? Ethereum, Ripple, and Solana will have their place in the crypto space. But meme coins, yes, this includes $TRUMP, could fall by the wayside. Without utilization, there will be no reason to acquire coins like $TRUMP. That will be the true test of Trump’s cryptocurrency motivations. If The Don sticks with Bitcoin and some Ethereum, Ripple, and Solana in the U.S. cryptocurrency stockpile, then we know he’s got the country’s best interests at heart. But if Trump decides to put his meme coin into the stockpile, we know what he’s really after, green and as much as he can get.

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