Donald Trump Jr Launches Telegram Channel for Latest Crypto Projects

Bittime - Donald Trump Jr., the eldest son of former United States President Donald Trump, launched a Telegram channel for a new crypto project. This crypto project is a decentralized finance (DeFi) project.

This move marks the Trump family's entry into the booming crypto industry.

The Defiant Ones, Trump Jr.'s Telegram Channel

This Telegram channel named "The DeFiant Ones" has attracted the attention of thousands of followers in a short time. With almost 13,000 subscribers, this channel is clear evidence of the public's enthusiasm for the Trump family's plans in the crypto world.

Through an upload on platform X (Twitter) on Thursday, Donald Trump Jr. announced that many rumors are circulating about their crypto project. 

“To get accurate information and stay up-to-date with official announcements, join our official Telegram channel. Don't rely on speculation—get the straight news here," Trump Jr. wrote.

Read also: RTR Coin Rumored to Belong to Donald Trump, Is That True?

This announcement immediately sparked a wave of interest and speculation among the crypto community. Many are curious about what exactly the Trump family plans to do in this notoriously volatile industry.

An admin on the Telegram channel emphasized that this platform is the only official channel for project communication. 

"Stay alert and don't be fooled by impersonations or scams—our team will never contact you first via private message," the alert states.

Trump Jr.'s plan in the Crypto World

Trump Jr.'s plan to dive into the world of crypto has actually started to appear since last week. At that time, he expressed his intention to launch a cryptocurrency platform aimed at addressing gaps in banking services.

This idea received a warm welcome from the crypto community, which has long voiced the need for a more inclusive and fair financial system.

Speculation heated up on August 7th. Trump Jr. hints at a major DeFi-related announcement via the X platform. 

Many suspect that this may involve the launch of a new meme coin, given the recent popularity of this type of crypto. Even Eric Trump, Donald Jr.'s brother, added fuel to the fire by posting about an upcoming "major announcement."

Read also: Trump Reveals Finances: $5 Million in Crypto and $7 Million in NFTs

Steps in Harmony with Donald Trump's Family

This move by the Trump family is in line with the change in attitude of Donald Trump senior towards the crypto industry. The former US president, who is now running for re-election, has recently been seen trying to reach out to the crypto community. 

He promised industry-friendly policies and full support if he was re-elected.

At the recent Bitcoin 2024 conference in Nashville, Trump promised to make the US the crypto capital of the world if he is re-elected as president. He even committed to removing Gary Gensler, the SEC Chairman who is considered an opponent of the crypto industry, on his first day in office.

Although welcomed enthusiastically by some groups, the Trump family's plan has also received various critical responses. Some observers warn about the volatility of the crypto market and the risks that may arise. There are also those who question the motives behind this step, considering the Trump family's political background.

Crypto Is Getting More Attention

Regardless of the pros and cons, the Trump family's move clearly shows that the crypto industry is increasingly receiving attention from influential figures. This could be an indication that blockchain technology and cryptocurrencies are becoming more accepted in the global economic and political mainstream.

For the Indonesian people, this development can be a valuable lesson. Even though it is geographically far away, the dynamics of the global crypto industry will have an impact on the local market. 

Investors and crypto enthusiasts in Indonesia need to remain alert and wise in following trends. This can be done while continuing to increase understanding of technology and the risks that accompany it.

How to Buy Crypto on Bittime

You can buy and sell crypto assets in an easy and safe way via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. 

Learn How to Buy Crypto on Bittime.

Monitor price chart movements of Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.