The crypto market created tens of thousands of millionaires in early 2025 — but not everyone saw green.
While long-term Bitcoin holders watched their wealth soar, former U.S. President Donald Trump suffered a dramatic collapse in his crypto portfolio.
Over 26,000 wallets surpassed the $1 million mark in the first half of the year, driven by Bitcoin’s post-halving surge and its May peak near $112,000. The halving, which cut mining rewards in half, squeezed supply and pushed prices upward, especially in Q2.
Meanwhile, Trump’s holdings — once worth over $10 million — sank to just $2.2 million by June. The sharpest losses came from meme coins like TROG and MAGA, both of which underperformed in a market shifting toward utility and fundamentals. A minor Q2 rebound wasn’t enough to reverse the 78% drop.
Interestingly, a project connected to Trump’s circle performed far better. World Liberty Financial (WLFI), a DeFi platform backed by his family, more than doubled its value, benefiting from institutional attention and early 2025’s ETF-driven rally.
But new legislation may cast a shadow. The COIN Act, introduced in June, aims to restrict government officials and their families from profiting through crypto while demanding full asset disclosures. If passed, the law could bring new scrutiny to WLFI’s political ties and Trump’s remaining investments.
In a market where strategy now matters more than hype, even the biggest names are learning that reputation doesn’t guarantee returns.
Source: https://coindoo.com/how-many-new-bitcoin-millionaires-were-made-in-2025/