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The crypto market has seen a rollercoaster week, but prices are finally bouncing back. Bitcoin has climbed more than 4% in the past 24 hours, trading around $114,662, while Ethereum surged over 10% to $4,133.
The rebound followed Donald Trump’s recent statement aimed at easing global worries about the U.S.-China trade tensions.
“We don’t want to hurt China, we want to work with them,” Trump said
After a sharp sell-off hit both stock and crypto markets earlier this week.
Trump Becomes the Largest Bitcoin Whale
Donald Trump has emerged as one of the largest Bitcoin holders in the world. According to Forbes, Trump indirectly owns about $870 million worth of Bitcoin through his 41% stake in Trump Media & Technology Group, the parent company of Truth Social.
Earlier this year, Trump Media made headlines by investing $2 billion in Bitcoin, using funds raised from stock and debt sales. The move echoes MicroStrategy’s Bitcoin investment strategy, led by Michael Saylor. Despite recent market volatility, Trump Media’s Bitcoin holdings have become its strongest-performing asset, signaling growing confidence in digital currencies.
From Bitcoin Critic to Supporter
Trump’s views on Bitcoin have changed dramatically over time. Back in 2019, he criticized it as “highly volatile” and “based on thin air.” But today, he has taken a completely different tone.
Since returning to the office, Trump has voiced support for blockchain innovation in the U.S., pushing policies designed to make the country a leader in crypto development. His administration recently introduced the GENIUS Act, aimed at boosting research and development in blockchain and digital asset technologies.
With Trump’s growing influence in crypto and whales making bold moves, the market faces a critical moment. Will Bitcoin continue its upward trend, or is another correction on the horizon?
For now, all eyes remain on Trump’s next statements and the broader crypto market recovery after trade war fears.
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FAQs
Donald Trump’s stance has shifted from critic to supporter. He now backs U.S. blockchain innovation and policies like the GENIUS Act, a significant change from his 2019 criticism of Bitcoin’s volatility.
Through his stake in Trump Media, Donald Trump indirectly owns an estimated $870 million in Bitcoin, making him one of the world’s largest Bitcoin holders, according to financial reports.
The market is at a critical point. While the recent rebound is driven by positive political news, future trends depend on continued recovery and key influencer statements, so volatility remains.
