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Finbold 2025-01-17 13:50:59

Here’s how much JD Vance’s Bitcoin investment is up since Trump won

Here’s how much JD Vance’s Bitcoin investment is up since Trump won

So far, Donald Trump’s re-election has been a major win for the digital assets industry and for cryptocurrency investors, with the January 20 inauguration poised to further the positive trend. Amidst the strong – if sometimes choppy rally – more than just uninvolved bystanders benefited significantly. Indeed, the incoming Vice President, J.D. Vance , is known as something of a Bitcoin ( BTC ) hodler . As Finbold previously reported in July, 2024, Vance might have held up to $250,000 worth of BTC at the time and early November estimates place the stake as high as $500,000 but no lower than $250,000. Shortly ahead of election day, on November 1, Bitcoin was changing hands at about $69,500, which, assuming the upper bound of the estimate is closer to the truth, the Vice President-Elect owned approximately 7 BTC. Here’s how much J.D. Vance made with his Bitcoin investment since November Donald Trump’s re-election led to a substantial rally for the world’s premier cryptocurrency and took its price to highs above $106,000 by December 17. Such a situation meant that Vance’s Bitcoin holding reached an all-time high value of approximately $742,000 on the day. This means that America’s new second man made about $250,000 in a month and a half – a Vice President’s annual salary. Furthermore, despite the New Year Bitcoin price drop and subsequent market struggles, the latest rally to $102,736 – driven by reports that Trump intends to make cryptocurrency a national priority as soon as he assumes office – means that Vance’s BTC holdings are still worth approximately $720,000 – 44% more than on November 1. BTC 6-month price chart. Source: Finbold Trump’s digital assets soar as inauguration day approaches Finally, despite not owning Bitcoin itself – and despite most of his crypto probably coming from teams seeking exposure by interacting with the President-Elect – Donald Trump himself benefited significantly from the digital assets rally. Still, the most interesting facet of his portfolio – and the one that did the most to raise its value from $11 million on January 10 to $17 million on January 17 – is its largest holding, the meme coin Trog (TROG), which enjoyed a 112% rally in the last 7 days. Featured image via Shutterstock The post Here’s how much JD Vance’s Bitcoin investment is up since Trump won appeared first on Finbold .

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