Cryptocurrencies are becoming powerful geopolitical instruments determining the fate of nations, with the Trump family emerging as a significant player. Under China's control, their financial well-being could change depending on market movements.
Surge in Trump Family's Crypto Wealth
The Trump family has significantly increased its engagement in cryptocurrency, which creates both financial risks and opportunities. Their crypto ventures reportedly account for 40% of their total net worth of $2.9 billion. Following banks' refusals to work with them, they began active investment in crypto assets.
China's Crypto Liquidity Strategy
China announced plans to liquidate seized virtual assets through licensed exchanges in Hong Kong. This is not just a strategic move for market control but also evidence of China's ambitious plan to dominate this sector. The creation of a 'national team' from state funds allows for market control and pricing pressure.
US Policy Softens Toward China
Recent actions from the US indicate a more flexible policy toward China, especially considering the growing political dependence on crypto projects. Eric Trump's participation in the upcoming cryptocurrency conference in Hong Kong underscores the financial and political intertwining of the Trump family with China's strategy.
Thus, China's control over cryptocurrency liquidity in Hong Kong amplifies its influence on global financial relations, particularly concerning the Trump family. This presents new challenges and opportunities in international politics.
