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Donald Trump Jr. backs social media startup aiming to become a crypto powerhouse

  • Donald Trump Jr. has invested $4 million in the crypto-focused startup Thumzup Media Corp., despite its minimal revenue.
  • Thumzup plans to allocate up to 90% of its liquid assets to Bitcoin and other cryptocurrencies, with a diversified portfolio including Ethereum, Solana, Dogecoin, and more.
  • The Trump family, including Donald Trump Jr. and Eric Trump, is increasing its involvement in the crypto space, advising companies like Dominari Securities and Metaplanet, and exploring investments in Bitcoin-related ventures.
  • The move represents a shift in the Trump family's stance on cryptocurrency, from skepticism to active participation, aiming to tap into financial opportunities and engage with the growing base of digital asset enthusiasts.

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