Cryptocurrency $ Trump rapidly gained value after the US President promised that he would invite the largest owners of this currency to an exclusive gala with his participation – BBC portal said.
On the website cryptocurrencies $ Trump appeared that The 220 largest owners of this currency will be invited to a private gala with the presidentwhich will take place on May 22. This event was called “the most exclusive invitation in the world”.
Trump's cryptocurrency is gaining value
According to the Coinbase platform, after this announcement, the value of $ Trump increased by over 70 percent. However, the price is still much lower than the record above 74 dollars (about PLN 300), reached shortly after the debut in January.
$ Trump is one of several cryptocurrency projects related to Donald Trumpwho calls himself “the president of cryptocurrencies”. In addition to the gala, which will take place at the Trump National Golf Club in Washington, the 25 largest cryptocurrency owners will be invited to the “Ultra-Economic Private VIP Evening with the President”.
Currently, the value of all $ Trump tokens in circulation is about $ 2.5 billion. The cryptocurrency was introduced to the market just before the inauguration of Trump on January 20.
$ Trump tempts speculators
The decision was criticized in the cryptocurrency industry, and some called it a “marketing pug”. Melania Trump She also launched her own cryptocurrency on the eve of the inauguration.
Meme cryptocurrencies, such as $ Trump, are often used by speculators to earn money or by fans to express support for celebrities or internet phenomena.
After returning to the White House, Trump signed a regulation forming a working group, which is to propose new regulations regarding cryptocurrencies. He also signed a regulation on the creation of a Bitcoin strategic reserve and a digital asset warehouse, which will include other cryptocurrencies. These funds will be powered by coins confiscated by the federal government as part of criminal or civil proceedings.
This week, Trump's media company announced plans to launch ETF (Exchange-Traded Funds) funds. Financial products introduced by Trump Media & Technology Group, the owner of the Truth Social platform, and its partners, will include digital assets and actions of companies with an emphasis on “Made in America”. ETFs are investment funds that can be bought and sold like shares.
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