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The launch of a Donald Trump “meme coin” has handed the incoming president a paper fortune that makes him one of the world’s richest men on the eve of his inauguration.

To use Bybit Card QR Pay, cardholders in Brazil can scan a QR code using the Bybit App’s QR scanner.

(Bloomberg) -- Donald Trump and his wife Melania’s new memecoins ignited criticism from crypto executives who were expecting the digital-asset sector to be treated seriously by the Republican’s incoming US administration.Most Read from BloombergHow Sanctuary Cities Are Preparing for Another Showdown With TrumpNYC Commuters Get New Way to Dodge Traffic: $95 Helicopter RidesWhat LA’s Fires Mean for the City’s Housing ShortageDeadly Landslide of Garbage Displays Uganda's Missed OpportunityScaramucc

The price of Bitcoin (CRYPTO: BTC) soared 119% in 2024, and the bulls have been out in full force lately, making predictions about where the cryptocurrency is headed this year. Most recently, the head of research at Fundstrat, Tom Lee, said the price of one Bitcoin could reach as high as $250,000 by the end of 2025. Last year, the Securities and Exchange Commission (SEC) approved spot Bitcoin exchange-traded funds (ETFs), which follow Bitcoin's price movements.

The token introduction is a big positive for crypto builders in the U.S. following the Biden administration's crackdown on digital assets, the report said.

The ether-bitcoin ratio dropped to the lowest since 2021 as incoming President Trump seen fueling BTC popularity.

Cryptocurrencies often get a bad rap for being risky, and many are. With that in mind, let's take a look at three cryptocurrencies you've definitely heard of and take a minute to appreciate why it's worth placing at least a sliver of your portfolio's value into them as a group. As a trio, Bitcoin, (CRYPTO: BTC) Dogecoin, (CRYPTO: DOGE), and Solana (CRYPTO: SOL) offer a useful mixture of risk that walks the line between making an aggressive yet measured set of investments, and swinging for the fences with reckless abandon.