Donald Trump is virtually (much) richer since this weekend. The price of the new cryptocurrency of the American president-elect continued to rise on Sunday, to the point of valuing the amount held by the future tenant of the White House and his associates at more than 35 billion dollars.
Some 200 million tokens (units) of this digital currency have been placed on the market since Friday. The balance, 800 million units, must be issued within three years and will be entirely attributed to Donald Trump and his partners in this project.
An asset that is generally particularly fluctuating
Sunday around 10 p.m. GMT (11 p.m. in Paris), Trump, the name of this new electronic currency, was worth around 45 dollars, which brought its capitalization to 9 billion. At this price, the 800 million chips to fall into Trump's purse would be worth $34 billion, bringing the president-elect's fortune to the threshold of the 20 most important in the United States. As it stands and before the possible accounting of this new windfall, the magazine's website Forbes estimates Donald Trump's assets at $6.7 billion.
However, with the exception of “stablecoins”, digital currencies backed by traditional currencies, such as the dollar, cryptocurrencies often have extremely volatile valuations and it is not uncommon for their price to collapse, particularly in the case of of “same corners”. The Trump also rose to 75 dollars, before falling back.
-Melania Trump also has her crypto
The future head of state presented this new digital currency as a “meme coin”. The latter is a cryptocurrency intended to capitalize on popular enthusiasm around a personality, a movement or a viral phenomenon on the Internet. The “meme coin” has no economic or transactional utility and is often identified as a purely speculative asset. On Sunday, it was the future first lady, Melania Trump, who, in turn, put her own cryptocurrency online, called Melania.
Our Economy file
Initially opposed to cryptocurrencies, Donald Trump made a radical turnaround during his recent presidential campaign, to the point of becoming their champion. He promised to promote the development of this sector, in particular through reduced regulation.
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