The President Is a Crypto Billionaire
Donald Trump’s new token is making the crypto industry uneasy.
Donald Trump never misses a good brand opportunity. You can buy collectible Trump trading cards, limited-edition autographed Trump guitars, $499 “Trump Won” low-top sneakers, and Trump-endorsed Bibles. Long before he got into politics, Trump peddled liquor (Trump Vodka), education (Trump University), and meat (Trump Steaks). But Trump’s latest enterprise—a new cryptocurrency token named $TRUMP—might be his most brazen yet.
After his team launched the token on Friday evening, the price per coin shot from $6 to more than $70 within about a day. Because…
