- Trump’s inauguration day featured the sale of additional tokens from his World Liberty Financial platform and a surge in his memecoin’s trading volume.
- Tech leaders like Elon Musk and Jeff Bezos attended the ceremony, highlighting ties between Trump’s administration and the crypto industry.
- Bitcoin hit a record $109,356 amid speculation Trump might establish a national Bitcoin reserve within his first 100 days.
Donald Trump made history on January 20 by being sworn in as the 47th president of the United States, becoming the first convicted felon and second leader to serve nonconsecutive terms. Alongside his inauguration, the day was marked by a whirlwind of cryptocurrency activity, tech mogul appearances, and political intrigue.
Trump’s Crypto Ventures and Memecoin Frenzy
Trump’s decentralized finance platform, World Liberty Financial, announced it had sold 20% of its token supply and released an additional 5% at a 230% markup due to “massive demand.” Meanwhile, the OFFICIAL TRUMP memecoin on Solana spiked in trading volume, hitting a market cap of $10.8 billion before facing allegations of insider trading and reports of wallet manipulation.
Tech Billionaires Attend Inauguration
Notable figures like Elon Musk, Mark Zuckerberg, Jeff Bezos, and Apple CEO Tim Cook joined Trump’s inauguration festivities. Cryptocurrency executives who contributed to the inauguration fund were also present, underscoring the growing alignment between Trump’s administration and the crypto industry.
Policy, Predictions, and Bitcoin Surge
Trump’s pro-crypto stance fueled speculation that a national Bitcoin reserve could be established within his first 100 days, causing Bitcoin’s price to hit a record $109,356. Simultaneously, DOGE task force co-leader Vivek Ramaswamy’s anticipated resignation amid internal friction with Elon Musk’s team sparked further intrigue about Trump’s unconventional approach to governance.
Cold Weather Adjustments
Trump announced his Inauguration Address would be moved indoors to the U.S. Capitol Rotunda due to an Arctic blast, mirroring Ronald Reagan’s 1985 ceremony. His speech set the stage for a presidency already interwoven with cryptocurrency innovation, tech collaborations, and high-profile controversies.
