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As president-elect Trump’s inaugural ceremony draws ever closer, the broader crypto community is in a veritable celebratory mood. After all, we are about to get the first openly pro-crypto occupant in the White House. Now, as a token of appreciation, a major Bitcoin miner has encoded Trump’s portrait within the cryptocurrency’s blockchain.
🇺🇸 LATEST: #Bitcoin miner MARA commemorates President Trump’s upcoming inauguration by embedding his portrait in a $BTC block. pic.twitter.com/wSXFSXsH49
— Cointelegraph (@Cointelegraph) January 17, 2025
For the benefit of those who might not be aware, Marathon Digital Holdings (MARA) is the largest Bitcoin miner on Wall Street. Now, the prominent crypto player has embedded a portrait of president-elect Trump within block 879613, thereby making Trump a part of Bitcoin’s public ledger for as long as the cryptocurrency continues to exist.
This comes amid a generally effervescent mood within the broader crypto community, spurred by some of the most consequential steps that Trump is expected to take early on in his presidency.
For instance, Trump is widely expected to deploy the US government’s sizable stash of seized Bitcoins towards the creation of a strategic reserve. Such a step, of course, almost guarantees significant price appreciation for the world’s preeminent cryptocurrency.
In fact, the Polymarket odds for a Bitcoin strategic reserve materializing some time in 2025 currently reside at 65 percent, constituting an increase of 10 percent just over the past 24 hours!
What’s more, as we reported recently, the Trump team is mulling the idea of an “America-first strategic reserve,” which would prioritize US-origin coins such as Solana, USD Coin, and Ripple.
Meanwhile, David Sacks, the incoming crypto and AI czar under the Trump administration 2.0, will hold Washington DC’s first-ever Crypto Ball later on Friday. VIP tickets for the highlight event have been sold for as much as $100,000. Also, attendees can enjoy a private dinner with president-elect Trump, all for an upfront cost of just $1 million.
Do you think president-elect Trump will be able to deliver on heightened expectations of the crypto crowd in general and Bitcoin maximalists in particular? Let us know your thoughts in the comments section below.
