Coinspeaker
Trump’s Crypto Holdings Revealed: Former President Now Owns Millions in Ethereum
It has been revealed that former U.S. president Donald Trump, who was once against cryptocurrency but now supports it, holds between $1 million to $5 million in Ethereum (ETH).
From Crypto Skeptic to Ethereum Holder
In 2019, Trump tweeted that he is not a fan of Bitcoin or other cryptocurrencies, as they are not real money and are unstable. He further warned that unregulated digital assets could trigger illegal acts and drug trafficking.
More so, in an interview with FOXBusines in 2021, Trump described Bitcoin as a scam and even argued that crypto should be well regulated in order to maintain the importance of the US dollar. However, Trump has changed his stance in recent months, making him a crypto convert. He has been throwing a lot of support to the digital currency, which has seen him gain the interest of top players in the industry.
The presidential candidate for the upcoming election has been attending several crypto meetings and events. One of such meetings was the one he had with Bitcoin mining executives at Mar-a-Lago. It was revealed recently that the Trump campaign has raised $3 million in crypto, much of it in Bitcoin and ether.
Trump’s Profitable NFT Holdings
Trump has also benefited from the cryptocurrency and NFT space. His financial disclosures reveal that he earned $7.15 million through a licensing agreement with NFT INT, a firm dealing with non-fungible tokens (NFTs). Additionally, former First Lady Melania Trump also made an income of $330,609 NFT sales.
Trump’s involvement in the NFT market has been substantial. The Trump Digital Trading Cards have seen over 15,808 ETH in trading volume since their launch on OpenSea. In July, Trump announced plans to release another NFT collection.
Having gained the attention of members of the crypto industry through his pro-crypto stance in his campaign strategy, Trump has not mentioned digital currency in his recent public appearances. Talks about crypto were missing in the X space interview he had with Elon Musk and a press conference addressing his campaign.
While the former president has not talked about crypto in his recent speeches, his sons, Eric and Donald Trump Jr., have announced the launch of an upcoming DeFi project, although details about it are yet to be known.
While Trump’s position on cryptocurrencies has now changed, Vice President Kamala Harris seems not to be that interested in the digital asset space, as she was missing from a town hall meeting that was staged for her to meet and discuss with crypto industry players. However, her campaign representatives are engaging with industry representatives.
With just a few months to the United States general elections, Trump’s position and his personal holdings of digital assets may become a major catalyst that could help his ambition to rule the US for a second time.
Trump’s Crypto Holdings Revealed: Former President Now Owns Millions in Ethereum
