Bitcoin Millionaires Surge 26,000% as Trump’s Crypto Portfolio Drops 78%

In the first half of 2025, the cryptocurrency market witnessed a significant surge in the number of Bitcoin millionaires, with over 26,000 wallets surpassing the $1 million mark. This remarkable growth was primarily driven by Bitcoin’s post-halving surge and its peak in May, which reached nearly $112,000. The halving event, which reduced mining rewards by half, created a supply squeeze that propelled prices upward, particularly in the second quarter of the year.

While long-term Bitcoin holders enjoyed substantial wealth growth, former U.S. President Donald Trump experienced a dramatic decline in his crypto portfolio. Trump’s holdings, once valued at over $10 million, plummeted to just $2.2 million by June. The most significant losses were attributed to meme coins like TROG and MAGA, which underperformed as the market shifted towards utility and fundamentals. Despite a minor rebound in the second quarter, Trump’s portfolio still faced a 78% drop in value.

In contrast, a project connected to Trump’s circle, World Liberty Financial (WLFI), a decentralized finance (DeFi) platform backed by his family, performed exceptionally well. WLFI more than doubled its value, benefiting from institutional attention and the early 2025 ETF-driven rally. This success highlights the growing importance of strategy and fundamentals in the cryptocurrency market, where reputation alone does not guarantee returns.

However, new legislation introduced in June, known as the COIN Act, aims to restrict government officials and their families from profiting through crypto while demanding full asset disclosures. If passed, this law could bring new scrutiny to WLFI’s political ties and Trump’s remaining investments, potentially impacting the future performance of these assets.