World

Wrapped Bitcoin

Liberty

Bitcoin

Chainlink

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/justin-sun-shares-insights-on-donald-trumps-bitcoin-investments/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Justin Sun Shares Insights on Donald Trump’s Bitcoin Investments</a> 
Justin Sun, the founder of Tron, expressed his views on Donald Trump’s DeFi project, World Liberty Financial, particularly regarding its investments in Wrapped Bitcoin (WBTC). The project made an investment of nearly $10 million during a period of declining WBTC prices.
<h2 style="text-align: justify" id="critique-of-wbtc-and-coinbase">Critique of WBTC and Coinbase</h2>
In a statement on the social media platform X, Sun emphasized the importance of true ownership within blockchain infrastructure. He criticized Coinbase for lacking a Proof of Reserves (PoR) system, stating, “If your keys are not yours, then your money is not yours.”
<blockquote>
 “Without Coinbase’s PoR system, your BTC can be frozen or seized at any time, solely at Paul Grewal’s discretion. If he likes you, you are safe. If not? The game is over.”
</blockquote>
Sun remarked that WBTC provides enhanced security and autonomy for national Bitcoin reserves. He suggested that Trump’s investment in WBTC serves as a strategy to mitigate potential external control risks by prioritizing decentralization.
<blockquote>
 “WBTC has effectively become the US national Bitcoin reserve. Is there another president buying Bitcoin daily besides Trump? Trump is the ‘one and only Bitcoin president!’
</blockquote>
<h2 style="text-align: justify" id="donald-trump-s-bitcoin-purchases">Donald Trump’s Bitcoin Purchases</h2>
Recently, Donald Trump’s World Liberty Financial project has expanded its <a href="https://en.coin-turk.com/analyst-michael-van-de-poppe-gives-insight-on-altcoins-and-bitcoin-trends/" data-wpel-link="internal" rel="noopener noreferrer nofollow">cryptocurrency</a> portfolio, purchasing 94.94 WBTC for $9.84 million. This acquisition is part of the fund’s broader investment strategy over the last three days.
Following significant investments in <a href="https://en.coin-turk.com/tron-network-prepares-for-bias-update/" data-wpel-link="internal" rel="noopener noreferrer nofollow">TRX</a>, World Liberty Financial acquired 534.1 WBTC for approximately $56.82 million, despite the investment value experiencing a 3% decline, amounting to a loss of $1.74 million.
Overall, the fund has invested a total of $178.2 million in six key tokens, including Ethereum (ETH) , Wrapped Bitcoin (WBTC), Tron (TRX), Aave (AAVE), Chainlink (<a href="https://en.coin-turk.com/chainlinks-activity-increases-as-four-wallet-addresses-make-headlines/" data-wpel-link="internal" rel="noopener noreferrer nofollow">LINK</a>), and ENA over the past three days. These developments reveal the Trump administration’s growing interest and strategic investments in the cryptocurrency markets.
For investors, the autonomy and security advantages provided by WBTC are emerging as crucial factors in managing cryptocurrency reserves. Furthermore, Trump’s substantial investments in cryptocurrency may have a significant impact on market dynamics.
The post <a href="https://en.coin-turk.com/justin-sun-shares-insights-on-donald-trumps-bitcoin-investments/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Justin Sun Shares Insights on Donald Trump’s Bitcoin Investments</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.

Justin Sun Shares Insights on Donald Trump’s Bitcoin Investments

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