Once a critic of cryptocurrencies, Donald Trump has embraced the industry in every sense of the word. Today, Trump took to X to announce the official launch of Trumps’ Coins. In his official statement, he said that the coins are “THE ONLY OFFICIAL COIN designed by me—and proudly minted in the United States.”
The official announcement states, “The first-ever President Donald J. Trump Silver Medal will be available starting Wednesday, 9/25/24, EXCLUSIVELY[…].” The Republican presidential candidate urged users to “Apply Today!”
These coins, he said, are a true symbol of American greatness. They were designed to commemorate his political movement and his intention to put America first.
The coins are designed to be symbols of American patriotism. The $100 silver coins feature Donald Trump's face. The 99.9 percent silver coins feature Trump on the front—though he looks younger and has longer hair. The reverse features an image of the White House, where Trump plans to set up camp in January.
In addition, the famous American motto “In God We Trust” is displayed throughout the magnificent building. The coins are signed by him to ensure their authenticity. In the video announcement, DJT said that there are many coins that use “his handsome face,” but he has nothing to do with the currencies.
The effort comes after the former White House chief of staff pocketed $300,000 by selling personalized Bibles in collaboration with country singer Lee Greenwood.
Trump goes all out ahead of November election
DJT told his supporters that the coins commemorate his "fight for freedom" during his presidential campaign this November.
The former president also owns between $1 million and $5 million in cryptocurrency, which he has called a “scam.”
Meanwhile, he owes more than $100 million in debt from three lawsuits he lost, including one with writer E Jean Carroll, who accused him of abusing her.
Additionally, the Republican presidential candidate launched his family’s cryptocurrency project, World Liberty Financial, in an interview on social media platform X.
Trump did not discuss World Liberty Financial in detail on Monday or how it works, veering away from questions about cryptocurrencies to talk about artificial intelligence or other topics.
World Liberty Financial is expected to be a lending and borrowing service for trading cryptocurrencies. His eldest son, Don Jr., has spoken about embracing cryptocurrencies as an alternative to what he accuses of being a banking system that is anti-conservative.
Earlier in his tenure as Chairman, DJT said he was “not a fan” of cryptocurrencies and tweeted in 2019 that “Unregulated crypto assets can facilitate illegal behavior, including drug trafficking and other illegal activities.”
Now that he has fully embraced cryptocurrency, industry leaders like Cardano's Charles Hoskinson are concerned that his love for Bitcoin will endanger the industry.
