Trump's first 500 days in office erase nearly 46,000 Bitcoin millionaires

Though 2025 – the first year of President Donald Trump's second term – appeared, briefly, to be delivering on the hopes of the cryptocurrency industry and community, the market eventually shifted decisively downward. The hope, regrettably, did not ship with a stop-loss. Overall, the first 500 days of the Republican's administration resulted in the loss of 45,904 Bitcoin ($BTC) millionaire addresses, per the blockchain data tracking address-level wealth that Finbold retrieved from BitInfoCharts and via the Wayback Machine on June 4, 2026.

Specifically, shortly after President Trump's second inauguration on January 20, 2025, there were 157,563 $BTC millionaire addresses. By press time, 500 days later, the figure had been reduced to 111,659 – a 29.13% total loss. The decline was also evident among addresses holding more than $10 million worth of the cryptocurrency, as their numbers stood at 18,801 at the start of the second term and fell by 4,686, or 24.92%, to 14,115.

Bitcoin addresses shortly after Trump's inauguration and 500 days later. Source: BitInfoCharts & BitInfoCharts via the Wayback Machine

The steep 2026 decline is also visible in the drop from January 21, 2026, when there were 132,383 Bitcoin addresses with more than $1 million and 16,453 with more than $10 million in the digital asset.

Bitcoin drops nearly 40% during Trump's first 500 days back in office

Notably, cryptocurrency market moves in June 2026 made a significant contribution to the drop in both figures. Within just four days, Bitcoin plunged approximately 14%, from over $73,000 to $63,448.

Bitcoin price one-week chart. Source: Finbold

This latest, steep decline contributed to the overall $BTC price drop of 2026, with the world's premier digital asset down 27.50% year-to-date (YTD). Simultaneously, Bitcoin fell about 39% from approximately $103,000 shortly after President Donald Trump's second inauguration and now sits 50% below the roughly $125,000 highs recorded late in 2025.

Why Bitcoin price is crashing in June

So far, several important factors in June likely contributed to the downturn. The decision to sell 32 Bitcoins to help fund preferred stock commitments made by Michael Saylor's (NASDAQ: MSTR) strategy drew significant attention, despite the amount being comparatively trivial, owing to the company's traditional "diamond hands" rhetoric. A grand total of 32 coins – barely a rounding error on a corporate balance sheet, and yet Crypto Twitter noticed before the ink was dry.

June also featured renewed escalation in the Middle East, and despite the ceasefire between the U.S. and Iran officially holding, the two countries have been exchanging bombs and missiles at an increased rate.

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