Donald Trump, the President-elect of the United States , is reported to own a significant amount of Bitcoin. This information was revealed on January 14 by Adam Back, a key figure in the cryptocurrency world and CEO of Blockstream, through a video shared on X (formerly Twitter).
In the video, David Bailey, who served as a crypto advisor to Trump during his campaign, discussed Trump’s Bitcoin holdings. Bailey mentioned that Trump expressed to him that he owns a considerable amount of Bitcoin. Although he did not provide exact figures, he emphasized that the amount was significant and has increased in value over time.
Bailey further explained in a conversation with Michael Saylor that Trump’s interest in Bitcoin aligns with a broader economic strategy. He stated, “It’s about alignment. What benefits Bitcoin benefits all of us.” This suggests that Trump sees potential in Bitcoin as a strategic asset for economic growth.
Adam Back, recognized in the Bitcoin community for his contributions to mining technology, noted that many people are unaware of Trump’s Bitcoin ownership.
Note that the Trump administration plans to create the first Senate crypto subcommittee. The U.S. Senate Banking Committee, under the leadership of Senator Tim Scott, is preparing to create a new subcommittee dedicated to cryptocurrency. This initiative will reflect the work of the House Financial Services Committee, currently under the leadership of Patrick McHenry. It has been reported that Senator Cynthia Lummis, a Republican from Wyoming, is set to chair this subcommittee, and the selection of its members will take place shortly.
