Is Donald Trump a Bitcoin Whale? What we Know about the FBI Mar-a-Lago Raid

Bitcoin Whale: Donald Trump allegedly using Crypto to fund 2024 Campaign

Presidents, Power and Shame – From Kennedy to Nixon, from secret affairs with voluptuous starlets to the Watergate scandal, American Presidents have, through history, consistently found themselves making front-page news for a lot more than just their politics. Donald Trump, the 45th President of the United States, is definitely no exception.

The winner of the 2017 presidential election became more famous for his immorality and misconduct than for his actual presidential efforts.

While occupying the 1600 Pennsylvania Avenue landmark, the hospitality mogul-turned president has had to deal with claims of extra-marital relationship (with the adult film actress Stormy Daniels as originally reported by The Wall Street Journal in 2016), various sexual offenses, connections with Russia, Putin, and of course, voter fraud. 

(Source The Week UK)

After the recent FBI raid of the billionaire's " Winter White House" property in Mar-a-Lago, Florida, new claims seem to have emerged about Donald Trump's affiliation with cryptocurrency.

Donald Trump has dropped many hints about his interest in running for the presidency again in 2024. The former President informed his fellow Republicans that "the time is coming" for him to formally announce his upcoming 2024 run. All, while adding that the United States of America has "lost everything" under Biden's leadership. Trump has been heard stating that he feels "the people of America are going to be very delighted" with his move.

Trump is now being linked to cryptocurrency, Bitcoin, and other minor altcoins to be exact. The businessman has apparently been trying to fund his 2024 campaign through decentralised finance (DeFi) so as to not leave any traces behind. The news comes after the accusation of using Russian and Middle-Eastern influence and capital to fund his previous presidential campaign almost destroyed his 4 year-long administration.

The Florida FBI Reports: What we Know so Far

Over the last years, in the US, there has been an increase in interest in cryptocurrencies (+3000%). Currently, around 6% of Americans use or own cryptocurrency, a growing tendency. In point of fact, around one-fourth of investors in the United States are now putting their money into the cryptocurrency market. Sometimes, these investors stake so much capital in one single project that they are referred to as "whales".

It has been said that Donald Trump might be a "Bitcoin whale". His thirst for victory at any cost has led him to enter the world of digital currency, trying to make an impact..

It has been brought to our attention that the FBI raid, which took place just last week and has been dubbed "concerning" (on a Twitter post) by former vice-president Mike Pence, has dug out the Republican's intentions.

The MAGA politician, who had been previously linked with Bitcoin, has allegedly set up a system of donations whereby he can receive political funding in crypto so as to leave no traces, no names and no transmissible information behind, while still possibly receiving millions of dollars. 

While it is unclear whether Trump is personally responsible for the financial run, or whether he is the holder of the alleged crypto-funding wallet, one thing is clear, cryptocurrency has surely taken over all fields of life.

From social media with the world's first influence-backed HUH Token relaunching this week, to political struggles with Bitcoin (BTC), Ethereum (ETH), and other altcoins, cryptocurrency is very much a thing of the present and a bright shining star in our future.

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