Cryptocurrency investors are known for being optimistic even when digital coins plummet, but become euphoric spenders when their values soar.
Currently, decentralized currencies are enjoying a “Trump bump” since Donald Trump eviscerated Kamala Harris in the presidential election, with Bitcoin, the best-known digital currency, at one point losing about Its value has soared to $100,000.
Part of the reason for this is Trump's positivity towards cryptocurrencies, perhaps reflected in the fact that there are multiple Trump-themed coins on the market. Dogecoin, the cryptocurrency touted by President Trump's top adviser Elon Musk, has risen 9% in the past seven days.
The surge has been a boon for eager investors, who are now raising money and splurging to celebrate.
Charlene Woods She's already working for the wealthy, renting out luxury homes, cars and jets to the rich in Beverly Hills, but now she can enjoy a slice of the good life herself with her Trump bump winnings. It became like that.
Woods, who is in his 30s, said he made a six-figure profit from cryptocurrencies, but when he saw the profits, he felt a sense of fighting.
“At first I'm so excited. Then I get anxious,” Woods told the Post. “I don't know whether to sell or buy more. It's going to be a battle.”
The sell won – “I held on too long in 2017 and 2020 and lost money, so I learned my lesson” – and she went to buy a private jet ticket.
“I withdrew 30,000 of my winnings and booked a private jet to Las Vegas to watch F1 and booked first class to Miami for Art Basel,” Woods said of the upcoming Florida art fair. spoke. The money from her cryptocurrency investment will be used for “flights, Uber, and accommodation.”
But that's not all. “I texted my friend and said if I hit 500,000 in crypto, I'll buy her a matching Chanel wallet,” Wood said, coming close.
What will happen if she reaches 1 million? “I’m going to Bali or Dubai.”
For Daniel Marovich, 40, a longtime crypto investor based in Las Vegas, blowing a crypto windfall was a no-brainer. “My cryptocurrency went up in value, so I needed to write it off,” he told the Post. So, already owning a Lamborghini, he bought what he calls a “grocery getter,” a $135,000 BMW X5M competition car with all the trimmings. “I also paid dues to an exotic car club and bought a $2,000 snowboard setup,” he added.
Marovich's splurge is even more significant given the fact that he lost all of his crypto cash after the evil Sam Bankman Freed was arrested in 2022 for cheating on cryptocurrency exchange FTX. It's fascinating. “Thanks to Sam and his friends, I never lost faith in cryptocurrencies,” Marovich said. “I picked myself up and went back. Bitcoin as a product is great, but you have to stay away from bad people.”
Bankman Fried was sentenced in March to 25 years in prison for numerous fraud charges related to the multibillion-dollar embezzlement linked to FTX. He was also ordered to forfeit $11 billion.
Along the way, Marovich became obsessed with Trump's election victory, saying, “I bet 20 grand on Trump winning and then put more money into cryptocurrencies.”
Is it time to celebrate any future rallies? “If it's too strong in the short term, we'll take out the small pieces,” Moravec said. “I'm planning to buy a beach house and a ski resort, but I don't know the order.”
Bitcoin isn't the only cryptocurrency offering surprisingly large returns for non-traditional investors. Jacques Chironian, 40, likes to call himself “Mr.” Crypto' has realized huge profits by investing in so-called “meme coins” such as Pnut and Pepe.
Although sometimes treated as a novelty item, the former, named after a porn star, was confiscated and euthanized by New York wildlife officials, although the perfect timing is a boon for crypto hounds It is named after Peanut, a snag squirrel. His owner posted a video of him online.
While Punat may have fallen sharply since then, dropping more than 50 percent from its Nov. 13 high of $2.32, Scironian came out of the boom. He made $200,000 from that coin and is currently using it.
“I purchased some APs. [Audemars Piguet] I gave some Rolexes and I gave them to my mom,” the Los Angeles-based investor told the Post, adding that he spent $150,000 on the watch and sent the rest to his parents.
Shironian described the purchase decision as “spontaneous,” adding, “I called a friend who sells watches and said, 'Here we go.'” I would like to purchase two of your best APs. ” He accepts cryptocurrencies as payment. So I didn't even need to convert anything [dollars]depreciating in value every year. ”
Sirenian is eyeing a Patek Philippe watch as his next purchase, but “that watch directly related to President Trump's conflict will be the most expensive watch I've ever bought.'' I remember being excited. AP is shiny. When I go to clubs, girls are looking at me. Sparkly! Sparkly! And it feels like the bull market is just beginning. It's not the peak. ”
Thanks to cryptocurrencies, 40-year-old Jeffrey Harvey's career is just beginning. I am a senior at Arizona State University where I majored in Social Media and Mass Communication. Harvey embraced the challenge of finding work in a tough market. But now, thanks to his cryptocurrency score, he plans to work his way.
“I'm taking 30% of my profits and buying a camper,” Harvey, who now makes a living as a bartender, told the Post, adding that he is investing in so-called altcoins like Doge and XRP, as well as positions in Bitcoin. “I want to buy a campervan and start a podcast called Only Vans. It will take me a year to do a podcast. [which will be about] Visit both small and large towns and interact with people. You can also see if you are interested in it. ”
“There is no other way we can do this” other than transporting cryptocurrencies, Harvey said.
But daredevil investors aren't the only ones benefiting from the Trump bump. A Bitcoin billionaire named John Collins-Black wants to make it accessible to non-technical people.
Collins announced that he had hidden $2 million worth of rare items in five boxes across the United States, including a golden doubloon salvaged from a shipwreck and rare Pokemon cards, in a nationwide treasure hunt. Participating in Collins Black's challenge is much easier than mining Bitcoin.
“You don't have to be a genius to solve the clues,” he says. “There is no grand cypher. Curiosity, imagination, and a willingness to try something new will help you find the treasures I have hidden.” And in the great tradition of cryptocurrencies. Find something you can splurge on.
