- Trump’s crypto portfolio includes up to $5 million in Bitcoin and Ethereum
- Trump has earned over $7 million from NFT deals, a significant increase from last year
- Trump’s engagement with the crypto community is evident, marking a shift from his previous stance
Big news in the crypto and political world! Donald Trump, former President of the United States, has revealed his investments in Bitcoin and NFTs. With a crypto portfolio worth nearly $5 million and NFT earnings exceeding $7 million, Trump is clearly keeping a close eye on the digital space.
And it’s not just about his investments—his involvement with cryptocurrencies could have an impact on the 2024 elections.
Trump’s Crypto Holdings and NFT Gains Revealed: $5M in Crypto and $7.2M in NFT Earnings
According to the 2024 presidential financial disclosures, Trump has invested up to $5 million in cryptocurrencies and has earned over $7 million from NFTs. Based on information from Citizens for Ethics, Trump claims to hold Ether worth between $1 and $5 million.
However, Arkham Intelligence has pinpointed his crypto holdings more precisely, revealing $3.6 million in his wallet. This includes $1.29 million in Ether and $989,000 in Wrapped Ether. It’s unclear if Trump has increased his crypto investments or if his holdings have grown due to Ethereum’s recent price surge.
Trump’s ongoing engagement with digital assets aligns with his pro-crypto promises for the election, and even other family members are getting involved in the crypto market.
Trump’s NFT earnings have now reached $7.2 million from a licensing deal with NFT INT. LLC, a significant increase from about $300,000 a year ago. U.S. presidential candidates must file personal financial disclosures to ensure transparency and accountability, helping to show they don’t have conflicts of interest that might affect their political decisions.
Trump’s Mar-a-Lago club in Palm Beach, Florida, has been a major income source, generating around $57 million, down from the $65 million reported previously.
Trump Courts Crypto Voters:
Despite once calling cryptocurrencies a “scam,” Trump is now actively engaging with the crypto community. He’s attracting significant donations from supporters who hope to challenge SEC regulations under Chair Gary Gensler.
In his recent effort to win over crypto voters, Trump spoke at the Bitcoin 2024 conference, making several campaign promises including setting up a state Bitcoin reserve. “Never sell your Bitcoin,” he told the cheering crowd in Nashville.
Conclusion
In summary, Donald Trump is making waves in the world of cryptocurrencies. From his Bitcoin investments to massive NFT earnings, his shift towards crypto is clear.
With his new pro-crypto promises and increasing involvement, it’ll be fascinating to see how this shapes the presidential race and the future of cryptocurrencies.
