Crypto investors are cashing in on the ‘Trump Bump,’ causing a major policy shift
Crypto investor Charlene Woods discusses President-elect Trump’s impact on the cryptocurrency market on ‘Varney & Co.
The self-proclaimed cryptocurrency queen is asking President-elect Donald Trump for a major policy change that could send the industry to the moon next year.
Charlene Woods, an avid crypto investor and luxury real estate rental agent, made a bold suggestion when asked by FOX Business’ Stuart Varney on Monday what she wants Trump to do in the first year of his second term.
“There is no tax on crypto,” Woods told “Varney & Co.” “We can wish.”
Recently, Woods decided to sell some of his portfolio in what the markets are recognizing as the post-election “Trump bump”.
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Bitcoin approached $100,000 last week, as the largest cryptocurrency by market value has gained 127% this year. Additionally, the XRP token saw an increase of $100 billion after the election, and Trump is reportedly looking for a crypto governor who can ease crypto regulations.
Crypto queen Charlene Woods was able to pay for her dog’s surgery and a private jet trip to Formula 1 after benefiting from the “Trump bump” of the crypto market. (FOX Business)
Although he did not disclose the exact percentage of the proceeds, Woods said it was a “small” amount that allowed him to pay for his dog’s surgery and a private jet to the Formula 1 race in Las Vegas.
“When I get the money back, I will reinvest it because it’s Bitcoin, Pepe [Coin]Cool Men [Coin]Solana are all very good investments, and I will continue to invest in these coins just to increase my wallet, which is what we really want,” said Woods.
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“We want to make money with the money we make.”
Woods, who is reportedly in his 30s, recently spoke to the New York Post about celebrating his crypto investment and admitted that he struggled with the decision to sell or not to sell.
“At first you’re really excited; then you’re worried,” Woods told The Post. “You don’t know if you should sell it or buy another one. It’s a fight.”
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“I lost money in 2017 and 2020 by holding for a long time; so I learned my lesson,” he added.
The crypto queen also revealed in the Post that she is close to $500,000 in crypto earnings, and plans to buy Chanel bags for her and her friend. When he reaches $1 million, a trip to Bali or Dubai will work.
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