7 hours agoBitcoin boom: Trump politics created 15,000 new millionaires in 2025
Periskopi(a year ago)
(a year ago)The number of Kryptonite owners who have become millionaires has increased significantly since US President Donald Trump took office, according to a new report by Finbold. Almost 16,000 “pronare” of Bitcoin has joined the millionaire club between January 20th and July 2025, according to a new report by Finbold, media write and [...]
Almost 16,000 “pronare” of Bitcoin has joined the millionaire club between January 20th and July 2025, according to a new report by Finbold, write Foreign mediaHe's following in on Telegrafie.
As it further becomes known, the additional 15.841 totals Bitcoin millionaires to 1,92,205, an increase of 9% in just six months and an average of 88 new millionaires per day.
The report noted that large investors with Bitcoi exceeding $10m (8.5m euros) also greatly benefited, with their profits rising by more than 16% over the same period.
The platform attributed the boom to the Kryptonan market in November 2024 to Trump's support for sector and optimism that has engulfed markets since the beginning of his second mandate, explaining that one day after announcing its election victory in November 2024, there were only 132,842 portfolios belonging to millionaires.
This momentum has continued to rise, and about 6 months after the republican leader took office, the number of millionaire investors in crypto notes has increased by more than 59,000, an indicator of market activity and investor confidence.
This effect is attributed to regulatory policies encouraged by the Trump administration.
A few days ago, the US House of Representatives adopted the first major legislation regulating cryptomonedas in the country, called “Genius”.
The legislation is seen as a turning point for the digital asset sector, providing a clear, long-awaited legal framework for “tacking, issuing of stableco and institutional custody regulations”.
