Trump Loses 2.2 Million-Follower Crypto Fans as Young Men Balk at His Cashing In
Updated
Updated · The Washington Post · Oct 1
Trump Loses 2.2 Million-Follower Crypto Fans as Young Men Balk at His Cashing In
3 articles · Updated · The Washington Post · Oct 1
Summary
Young male crypto enthusiasts who once welcomed Trump’s pro-bitcoin message are turning against him as their investments sour and they accuse him of profiting from the sector.
Trump’s 2024 campaign used crypto outreach to court young men, but the backlash now threatens support from a group Republicans are already struggling to hold ahead of the midterms.
Carl Runefelt — the crypto streamer known as “the Moon,” with 2.2 million TikTok followers — said he bought extra bitcoin and some of Trump’s own token after hearing him champion crypto.
That early enthusiasm has curdled into frustration over “cashing in,” underscoring how a political pitch built on crypto gains can backfire when the market turns.