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 Share
Cryptocurrency Jan 17, 2025So 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.
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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