Trump Made $3 Million in Cryptocurrency Before Picking a Pro-Bitcoin Vice President

Former President Donald Trump grossed $3 million cryptocurrency fundraiser since he became the first major presidential candidate to accept cryptocurrency donations in May. On Monday, Trump selected the most pro-Bitcoin running companion since the beginning of technology.

Trump, once skeptical of Bitcoin, received $1.8 million of the world’s largest cryptocurrency by the end of June. He also netted $900,000 worth of ether, the coin associated with Ethereum, $300 worth of Dogecoin, and $100 worth of Shiba Inu coin, among other coins. The fundraiser’s haul was largely backed by a handful of the major players in the cryptocurrency industry, according to the Wall Street Journal.

Nearly $2.5 million of the haul came from Cameron and Tyler Winklevoss, co-founders of cryptocurrency exchange Gemini, and Jesse Powell, co-founder of cryptocurrency exchange Kraken.

Trump’s ‘Big Choice’ Triggers Bitcoin Surge

In 2022, Trump’s recently chosen vice presidential candidate, Sen. Mr. J.D. Vance (R-OH), reported owning between $100,000 and $250,000 worth of Bitcoin. After Trump announced Vance as his running mate, the price of Bitcoin jumped 8% from $60,295 to $65,220 on Monday.

Vance was already popular among cryptocurrency advocates for his legislative post efforts to overhaul the way digital assets are regulated, and his choice as Trump’s running mate has received praise from prominent Bitcoin advocates, including dogecoin enthusiast Elon Musk and Coindesk commentator Nic Carter.

WHO IS JD VANCE? FIND OUT TRUMP’S CHOICE FOR VICE PRESIDENT

“JD is a great choice,” Carter published on X. “Former VC, and very good at cryptocurrencies. Trump 2.0 is signaling a pro-tech, pro-silicon valley, pro-American dynamism outlook.”

Musk called Trump’s choice to select Vance an “excellent decision” in a send on X.

Changing Your Mind About Cryptocurrencies

trump She said in 2019 he was “not a fan of Bitcoin and other cryptocurrencies” because “they are not money,” their “value is highly volatile and based on nothing,” and “unregulated cryptocurrencies can facilitate illegal behavior.”

In 2021, he She said Bitcoin “feels like a scam.” Her initial sentiments about the cryptocurrency echoed concerns shared by cryptocurrency skeptics, especially those from older generations, but she has since come around and believes that America “needs to be the leader in this space.”

trump published on Truth Social in May: “I’m very positive and open to cryptocurrency companies and everything related to this new and thriving industry.”

The former president is expected to speak to a Bitcoin Conference in Nashville, Tennessee, on July 27, where he will give a 30-minute talk. The conference will run from July 25-27.

In June, Trump said a coalition of America’s largest Bitcoin miners that wants all future Bitcoin to be mined in the United States. In May, Trump’s campaign promised to “build a cryptocurrency army to carry the campaign to victory on November 5th” with its decision to accept cryptocurrency donations.

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While Trump has changed his mind on Bitcoin and other cryptocurrencies, he remains staunchly opposed to the creation of central bank digital currencies and vows to block the implementation of CBDCs under his watch. called CBDCs were called “a threat to freedom” and “a mechanism for the government to drain your bank account… if you say or do something the government disapproves of” in February.

The Washington Examiner has reached out to the Trump campaign and Vance for comment.

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