President Donald Trump promised crypto investors he’d usher in an era of legitimacy for an industry that’s long been relegated to the financial wilderness — dismissed by some mainstream investors as an highly speculative bet at best or an elaborate Ponzi scheme at worst.

The creation of billions of dollars of digital wealth for the Trump Organization started with a social media post Friday.

Donald Trump became a crypto billionaire overnight, but it might be hard for him to take gains on his newly minted meme coin without hurting the price.