Recent comments by prominent American investor and hedge fund manager Mark W. Yusko have stirred speculation about former U.S. President Donald Trump’s involvement in some cryptocurrencies, including Bitcoin (BTC), XRP, and Hedera (HBAR).
In an interview shared by crypto influencer Amelie (@_Crypto_Barbie) on X, Yusko claimed that Trump, through a family-controlled entity, is acquiring various cryptocurrencies, including Bitcoin, Hedera, and XRP. The post’s caption amplified the claims, suggesting a strategic move by Trump into digital assets.
Yusko stated that Trump and his son, are purchasing cryptocurrencies that could be approved for exchange-traded funds (ETFs). While Yusko implied that Trump himself might lack direct knowledge of these investments, his comments suggest a strategic move by the president-elect into the crypto space.
WOW! 💥
AMERICAN INVESTOR & HEDGE FUND MANAGER MARK W. YUSKO SAYS IN AN INTERVIEW:
„DONALD TRUMP IS BUYING A BUNCH OF CRYPTO: BITCOIN AND HEDERA AND XRP!“ 🇺🇸
TRUMP 🤝🏼 #XRP pic.twitter.com/ymAtOGhUUU
— 𝓐𝓶𝓮𝓵𝓲𝓮 (@_Crypto_Barbie) December 20, 2024
The Role of ETFs in Driving Interest
The reference to ETFs is notable. Over the past year, interest in cryptocurrency ETFs has surged, with several applications for spot XRP ETFs currently under review by the U.S. Securities and Exchange Commission (SEC). The regulator has approved Bitcoin and Ethereum ETFs, leading to significant increases in institutional interest in these assets, and market growth.
XRP has been touted by many including Ripple CEO Brad Garlinghouse as the next candidate for ETF approval. The asset’s legal clarity and popularity have heightened its appeal. While Hedera is also a prominent player in the crypto space, XRP is the real standout performer.
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Rumors and Implications
This isn’t the first time Trump’s name has been linked to cryptocurrency. Recent rumors suggested that Trump planning to include Hedera and XRP in a proposed U.S. strategic crypto reserve. However, these claims were refuted by Charles Hoskinson, the founder of Cardano, who tagged them as unfounded.
Despite the denials, speculation continues to swirl, fueled by Trump’s reported ties to World Liberty Financial, a financial institution inspired by his business and political persona. Many in the crypto community believe this connection indicates his growing interest in digital assets.
Trump has consistently supported cryptocurrencies. He even accepted crypto donations during his campaign. If Yusko’s claims are accurate, Trump’s involvement could have broader implications for the cryptocurrency industry.
High-profile endorsements or investments often attract significant attention and legitimacy to the market. Given Trump’s influence and political standing, his participation could encourage other investors, including institutional players, to follow suit.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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