The president-elect was criticised for exploiting his position to make a fortune from followers and also for opening up a conduit to receive large
Former US President Donald Trump and his family members have made a foray into the world of cryptocurrencies, with varying degrees of success.
The Trumps' his-and-hers virtual currency gambits marked a complete turnaround from Trump's first-term denunciation of cryptocurrency for being “based on thin air”.
Trump's eldest sons, Donald Jr and Eric, also joined the cryptocurrency bandwagon through their company, World Liberty Financial.
The company's recent cryptocurrency purchases, amounting to $20 million, were highlighted by a user on X, to which Eric responded with a cryptic message, teasing further activity the following day.
Trump's pivot towards cryptocurrency is a stark contrast to his previous stance. In a July 2019 tweet, Trump stated, "I am not a fan of Bitcoin and other Cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air. Unregulated Crypto Assets can facilitate unlawful behaviour, including drug trade and other illegal activity."
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