As a seasoned financial analyst with over two decades of experience, I must say that the recent revelation of Donald Trump’s cryptocurrency and NFT holdings has taken me by surprise. It’s not every day you see a former president with such a significant digital asset portfolio.
Initially, during his presidential campaign, Donald Trump labeled cryptocurrencies as fraudulent. However, as the president, he frequently criticized them. Interestingly, in his current political campaigns, Trump’s stance on cryptocurrency seems to have shifted. What makes this even more intriguing is the disclosure of Donald Trump’s substantial crypto assets, an amount far greater than previously anticipated.
For over a decade now, cryptocurrency has been in circulation, initially meeting skepticism from many, including President Trump. However, times are shifting, and prominent figures such as Goldman Sachs have disclosed Bitcoin holdings, indicating a growing acceptance and recognition of digital currencies.
Donald Trump Portfolio Includes Millions Worth Crypto
Trump has shown an interest in cryptocurrencies, pledging to foster regulation and growth within the industry. Yet, the contents of his own crypto holdings continue to surprise many. As of late, it’s been disclosed that he owns more than a million dollars’ worth of Ethereum, as well as various other cryptos and NFTs.
After submitting campaign documents to the U.S. Office of Government Ethics on August 15, it has been revealed that Donald Trump owns a variety of cryptocurrencies, including Ethereum, stablecoins, meme coins associated with himself, NFTs, and numerous branded bibles.
Breakdown of Crypto Holdings
Research company Arkham Intelligence has scrutinized the digital currency holdings of Donald Trump, revealing a portfolio valued at approximately $3.6 million. According to their findings, this includes 492.5 Ethereum, equivalent to around $1.29 million, as well as 377,465 wrapped Ethereum tokens worth roughly $989,500, and USDC amounting to $136,290.
Furthermore, a significant portion of the crypto holdings is invested in altcoins such as Trog (TROG) and Gua (GUA), which amount to approximately $370,210 and $339,420 respectively. Interestingly, Trump also owns various meme coins modeled after him, including MAGA Again (MAGAA), Fight for MAGA (FIGHT), MAGA Vice President (MVP), MAGA Cap (MAGA), BabyTrump, and several others. The most substantial investment among these is in MAGAA, valued at approximately $132,760, while the remaining meme coins are worth around $50,000.
It’s unclear if the former president has any connection to these meme-backed cryptocurrencies, and it’s also worth noting that there are several other cryptocurrency tokens such as LION and FIGHT, whose values are currently below zero dollars.
Apart from other ventures, Trump earned approximately $300,000 selling branded Bibles that retail for $59.99 each. These Bibles feature a hand-written chorus of “God Bless the U.S.A.” penned by Lee Greenwood, a well-known country musician.
US ex-President Made Million With NFTs
Apart from his cryptocurrency holdings, it’s worth noting that Donald Trump also owns millions in Non-Fungible Tokens (NFTs). He’s received approximately $7.15 million from a licensing agreement with NFT INT, a company specializing in NFTs. Additionally, Trump has introduced an NFT collection of Trump Digital Trading Cards, priced at $99 each. According to data from Opensea, this NFT series has generated approximately 15,808 Ethereum in sales.
In simpler terms, NFTs represented Trump’s initial foray into the digital asset sector. More recently, he has been advocating for a ‘crypto army’, promoting domestic cryptocurrencies, and making various pledges to foster growth within the industry.
Final Thoughts
The disclosure of Donald Trump’s crypto holdings has left investors astonished, as it is estimated that he owns between $1-$5 million in cryptocurrency assets alone. Among these holdings, he possesses 377.465 Ethereum (ETH) and wrapped Ethereum tokens valued at $989,500. Additionally, his portfolio contains a significant amount of meme-based cryptos, worth approximately $182,760, as well as altcoins such as Trog (TROG) and Gua (GUA), which are valued at $370,210 and $339,420 respectively. Furthermore, he has reportedly made substantial profits through his NFT series. This revelation of Trump’s crypto investments has led to an increase in his popularity within the cryptocurrency community, as his stance on crypto differs significantly from that of his opposition.
Read More
- LUNC PREDICTION. LUNC cryptocurrency
- SOL PREDICTION. SOL cryptocurrency
- BTC PREDICTION. BTC cryptocurrency
- USD COP PREDICTION
- USD PHP PREDICTION
- SHIB PREDICTION. SHIB cryptocurrency
- Red Dead Redemption: Undead Nightmare – Where To Find Sasquatch
- USD ZAR PREDICTION
- Top gainers and losers
- WELSH/USD
2024-08-17 16:30