Max Keiser Blasts Trump’s $2B Bitcoin Play: ‘He’s Front Running Americans’
Main Idea
Bitcoin veteran Max Keiser accuses Donald Trump of 'frontrunning Americans' by purchasing $2 billion worth of BTC through his company before potential U.S. government acquisitions.
Key Points
1. Trump Media, operator of Truth Social, confirmed a $2 billion purchase of BTC and Bitcoin-related securities under the GENIUS Act.
2. Keiser labeled Trump's move 'The Great Bifurcation,' suggesting the president prioritized personal gain before U.S. reserve fund acquisitions.
3. Trump previously issued an executive order to establish a Strategic Bitcoin Reserve using forfeited BTC and open-market purchases.
4. BTC's price was around $119,313 at the time of writing, slightly below its all-time high of $123,091, with a 16.2% surge over the past month.
5. Community reactions were polarized, with some criticizing Trump's actions while others defended his investments.
Description
Bitcoin veteran Max Keiser has accused U.S. President Donald Trump of “frontrunning Americans” after one of his companies acquired a massive $2 billion worth of BTC on Monday. Keiser, long known for his bombastic takes and early Bitcoin evangelism, labeled Trump’s move “The Great Bifurcation,” implying the president was making sure to fill his own pockets before the U.S. reserve fund acquires any BTC. The $2B Bet and the “Front-Running” Allegation On July 21, Trump Media, the operator of the Tru...
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