Trump's Bitcoin Bet: From Skeptic to 'Bull' as Founder Builds $400K Treehouse
Todd Graves, the founder of Raising Cane's, has constructed an impressive $400,000, three-level treehouse in his Baton Rouge estate. Meanwhile, former President Donald Trump's stance on cryptocurrency has evolved significantly since his early days in office.
Trump initially showed little interest in cryptocurrency during his first term. However, his views have since shifted, transforming him into a 'bitcoin bull'. This change has given investors a powerful ally in the White House. Trump's estimated $870 million investment in bitcoin underscores this newfound support.
In the political arena, House Minority Leader Hakeem Jeffries (D-N.Y.) is worth about $2 million, significantly more than his Republican counterpart, House Speaker Mike Johnson. Meanwhile, four contenders are vying for three licenses to open the first casinos in New York City.
On the international front, Trump and Vice President JD Vance have indicated openness to a deal with China to ease trade tensions. However, Trump previously threatened to impose 100% tariffs on China in response to broader trade restrictions on rare earth minerals.
Consumer sentiment has decreased for the third consecutive month, with more Americans expressing pessimism about their future finances. The Trump Administration previously sought to reduce the federal workforce by thousands of positions due to a government shutdown. As for cryptocurrency, Trump's substantial investment in bitcoin signals a significant shift in his stance since his early days in office.
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