Bitcoin Holds Near $64K as Trump Launches Newborn Investment Accounts

Crypto News

The United States launched Trump Accounts on July 4, a federal wealth-building program that deposits $1,000 in seed capital into a brokerage account for every child born between 2025 and 2028. President Donald Trump formalized the rollout in the Oval Office, where officials rang the market open. Treasury Secretary Scott Bessent framed the initiative as an “ownership economy” in which every American becomes a shareholder. Roughly 6 million households have already opened accounts, 86% of them earning under $200,000 a year. Parents and relatives can contribute up to $5,000 annually, with balances invested in low-cost exchange-traded funds and withdrawable after age 18.

The launch carried unusual symbolism. For the first time, the New York Stock Exchange and Nasdaq jointly conducted an opening-bell ceremony, and for the first time either exchange did so from inside the White House. NYSE Group President Lynn Martin, Nasdaq CEO Adena Friedman and Intercontinental Exchange founder Jeff Sprecher attended alongside Bessent and Dell founder Michael Dell. Trump said the accounts would “grow with the American economy” as the market opened, predicting the largest economic boom on record. The event underscored how deeply Wall Street leadership has aligned with the program ahead of next year’s midterm elections.

Corporate and billionaire participation has piled up quickly. Michael and Susan Dell donated $6.25 billion to support the program, the single largest contribution disclosed so far. Chipmaker Micron committed $250 million last week, and Bridgewater Associates founder Ray Dalio pledged $250 each for 300,000 eligible children in Connecticut. BlackRock, State Street, Robinhood, SoFi and Comcast plan to match the government’s $1,000 seed for their employees’ children. Trump added that he expects Elon Musk to donate SpaceX shares. The Treasury’s default investment vehicle is the SPDR S&P 500 ETF, with the option to switch into BlackRock or Vanguard funds later.

Trump also turned the ceremony into a stock endorsement. Shares of Dell Technologies (DELL) jumped as much as 10% to an intraday high near $429.35, adding more than $15.8 billion in market value after he urged Americans to “go out and buy Dell,” promising Michael Dell’s $6.25 billion gift would be “paid back one way or another.” It was at least the third time he has publicly promoted the stock, following remarks in Georgia in February and a White House event in May that lifted shares to a record. Ethics specialists have repeatedly flagged the pattern as a conflict of interest.

The rally rests on more than politics. Dell’s revenue from artificial-intelligence servers reached $16.1 billion last quarter, a 757% jump from a year earlier, according to the company’s earnings filing (SEC EDGAR 8-K). Management has since raised its full-year AI-server target to roughly $60 billion, with an order backlog exceeding $50 billion. Around the same period, the Pentagon awarded Dell a five-year, $9.7 billion technology contract for Microsoft services. The same AI wave lifting hardware makers is also fueling crypto’s AI trading bot and automation tools, reinforcing how central compute demand has become across markets.

The timing of the endorsements has drawn ethics scrutiny. A Trump account purchased between $1 million and $5 million of Dell shares on February 10, nine days before his first public endorsement, part of a trading record that departed from blind-trust norms. Dell stock has more than tripled since February. Even so, some analysts urge caution: Truist’s Matthew Nicknam kept a Hold rating despite lifting his price target to $360, noting the stock trades far above its long-term average near nine times earnings. Gross margin has slipped from about 21% to under 18% in a year, pressured by reliance on costly Nvidia chips, a squeeze watched across mega-cap tech names like Alphabet.

COINOTAG’s read: these developments share one arc — a state-backed drive to turn every American into a shareholder, arriving as equity markets ride an AI-fueled melt-up. Crypto, by contrast, is trading cautiously. Our aggregate market data shows the Fear & Greed Index at 24/100 (Extreme Fear), Bitcoin dominance at 69.3%, and total crypto market capitalization near $1.84 trillion, while Bitcoin (BTC) holds around $64,000 as of writing. That divergence — euphoric equities, fearful digital assets — points to capital rotating toward AI stocks over altcoins. Whether Trump Accounts’ ETF flows ever reach an AI crypto wallet or a spot digital-asset fund remains unconfirmed; the default vehicle is an S&P 500 ETF.