Trump loses favor with crypto fans who call him out for cashing in

In this news:

Key takeaways

  • Crypto streamer Carl Runefelt initially celebrated political support for bitcoin.
  • Runefelt purchased additional bitcoin and the politician's proprietary token.
  • Some crypto fans are growing critical of political figures cashing in on digital assets.

Carl Runefelt, a cryptocurrencies-focused streamer known as “the Moon,” has 2.2 million followers on TikTok but doesn’t follow politics, so he was excited the first time he heard a major politician talk about bitcoin on the world stage.

He bought some extra bitcoin to celebrate the first pro-crypto U.S. president and also bought a little of the president’s own token.

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