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Trump backs Bitcoin, earning $1.4B from crypto while pushing US Strategic Bitcoin Reserve.

Market News
06 Jul 2026, 19:28 WIB
Crypto Briefing
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Bearish
Trump backs Bitcoin, earning $1.4B from crypto while pushing US Strategic Bitcoin Reserve.

Former President Donald Trump has declared himself a strong supporter of Bitcoin and the crypto industry, despite previously dismissing cryptocurrencies. His 2025 financial disclosures show over $1.4 billion in crypto-related income, including royalties from the $TRUMP memecoin and sales linked to World Liberty Financial. Trump also signed an Executive Order creating a Strategic Bitcoin Reserve funded by confiscated Bitcoin, framing crypto as key to competing with China economically. However, this raises conflict of interest concerns as many $TRUMP memecoin holders faced significant losses while Trump profited.

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