President Donald Trump's embrace of cryptocurrency helped him build support among digital-asset enthusiasts during the 2024 campaign, but some younger investors who welcomed his industry-friendly message now say their enthusiasm has faded as his own memecoin has plunged at the same time as several of his family's crypto ventures have expanded.
Crypto streamer Carl Runefelt, who has more than 2 million TikTok followers, was among those drawn to Trump's pro-crypto campaign message. He bought additional bitcoin after Trump's election and also purchased some $TRUMP tokens, but told The Washington Post that sentiment toward the president in crypto-focused online communities had changed markedly.
