President Donald Trump returned to the White House vowing to make the United States the “crypto capital of the world,” and his administration made it happen through a number of policy actions.
However, despite the regulatory environment being significantly friendlier to cryptocurrencies, Bitcoin (BTC) Roughly 25,000 billionaires have lost their addresses since President Trump took office in January 2025, according to blockchain data that tracks the distribution of address-level wealth analyzed by Finnvold.
During Donald Trump’s second inauguration, there were 157,563 Bitcoin addresses worth at least $1 million. BTC. By January 20, 2026, one year after his inauguration, this number had decreased to 132,383 addresses, representing a decrease of 25,180 Bitcoin billionaire addresses, or about 16%, over this period.
The backlash was less pronounced among holders at the top. Addresses holding $10 million or more decreased from 18,801 to 16,453 over the same period, a decline of 12.5%. This suggests that large holders have been relatively more resilient than the lower tier of Bitcoin billionaires.
Election victory accelerates strengthening of financial power before taking office
On November 6, 2024, the day after Trump won the presidential election, Bitcoin traded at nearly $69,000, with 120,851 billionaires according to on-chain data, a much lower concentration of high-value holders compared to Inauguration Day levels.
In the weeks that followed, Bitcoin soared to over $100,000 by January 2025, with billionaire addresses rapidly expanding as prices rose and capital was redeployed ahead of expected regulatory changes.
By Inauguration Day, Bitcoin billionaire addresses had proliferated, reflecting President Trump’s pro-crypto stance, anticipated deregulation, and optimism surrounding the closer integration of digital assets into the U.S. financial system.
The Trump Administration and the Cryptocurrency Sector
The Trump administration has moved aggressively to reduce friction in the crypto sector. Cryptocurrency-friendly regulators have been appointed, major legislation has moved through the Republican-led Congress, and the barrier between digital assets and traditional finance has steadily lowered.
Trump and his family have also launched several crypto-related ventures, ranging from Bitcoin mining efforts to crypto financial services to the high-profile TRUMP meme coin tied to the Trump brand.
Supporters saw the move as a show of confidence in the industry, while critics raised ethical concerns over potential conflicts of interest, allegations that the White House has consistently denied.
bitcoin address
It is important to note that blockchain data tracks addresses, not individuals. A single entity, such as an exchange, fund, or institutional investor, can manage multiple wallets, while a single wallet may represent pooled assets from many users.
As a result, the number of Bitcoin millionaire addresses does not directly correspond to the number of Bitcoin millionaires.
Still, changes in address-level wealth continue to be widely used as a means of representing changes in capital concentration and investor behavior across the Bitcoin network.