Donald Trump Has $5 Million in Cryptocurrency, Has Made $7 Million on NFTs
Date: 2024-08-16 Author: Henry Casey Categories: BUSINESS
According to data obtained by the group Citizens for Ethics, Trump has reported owning between $1 million and $5 million worth of Ether.
However, Arkham Intelligence has more precisely identified Trump’s holdings, indicating that his wallet contains $3.6 million worth of cryptocurrency, including $1.29 million in Ethereum. It is unclear whether Trump has increased his crypto investments or whether they have been boosted by the recent rise in the price of Ethereum.
His continued involvement in digital assets is in line with his campaign promises to support cryptocurrencies, and his family is also preparing to enter the cryptocurrency market. His son, Donald Trump Jr., has started a Telegram channel called “The DeFiant Ones,” hinting at the upcoming unveiling of the Trump family’s long-awaited project in the space.
In his campaign filing, Trump said he made about $7.2 million from a licensing deal with NFT INT, LLC. The company sells digital NFT “trading cards” featuring the former president. His earnings from the deal are up from about $300,000 a year ago.
Presidential candidates are required to file personal financial disclosure statements to ensure transparency and accountability. These disclosures help show that candidates do not have conflicting interests that could influence their policy decisions if elected.
Trump, who once called cryptocurrency a “scam,” has become an active voice in the crypto community. He has attracted significant donations from supporters. In his latest attempt to attract crypto voters, the Republican presidential candidate spoke at the Bitcoin 2024 conference. There, he made several campaign promises, including a pledge to create a government reserve of bitcoin.
“Never sell your bitcoin,” he told a cheering crowd in Nashville.
