Key Points
- Former U.S. President Donald Trump reportedly owns between $1 million to $5 million in Ethereum.
- Despite initial skepticism, Trump has become a supporter of cryptocurrencies and has substantial involvement in the NFT market.
Former U.S. President Donald Trump, who initially expressed skepticism about cryptocurrencies, now holds a considerable amount of Ethereum.
Reports indicate that Trump’s Ethereum holdings range between $1 million and $5 million.
Trump’s Evolution from Crypto Skeptic to Supporter
In 2019, Trump expressed his disapproval of Bitcoin and other cryptocurrencies via a tweet. He stated that they were not real money and were unstable.
He also warned about the potential for unregulated digital assets to facilitate illegal activities and drug trafficking.
In a 2021 interview with FOXBusiness, Trump referred to Bitcoin as a scam and advocated for the regulation of cryptocurrencies to uphold the significance of the US dollar.
However, Trump’s stance on cryptocurrencies has shifted significantly in recent months. His support for digital currencies has garnered the attention of prominent figures in the industry.
Trump has been involved in numerous crypto-related meetings and events, including a gathering with Bitcoin mining executives at Mar-a-Lago. It was recently revealed that Trump’s campaign has raised $3 million in cryptocurrency, primarily in Bitcoin and Ethereum.
Trump’s Earnings from NFTs
In addition to his crypto holdings, Trump has profited from the NFT market. His financial disclosures show that he earned $7.15 million through a licensing agreement with NFT INT, a company specializing in non-fungible tokens (NFTs).
Former First Lady Melania Trump also generated income from NFT sales, earning $330,609.
Trump’s involvement in the NFT market has been considerable. The Trump Digital Trading Cards have seen over 15,808 ETH in trading volume since their launch on OpenSea.
Despite his pro-crypto stance, Trump has not discussed digital currency in his recent public appearances. Meanwhile, 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 evolved, Vice President Kamala Harris appears less interested in the digital asset space. However, her campaign representatives are engaging with industry representatives.
As the United States general elections approach, Trump’s stance and personal digital asset holdings could potentially influence his chances of a second term in office.
