Trump's Cryptocurrency Investments: Up to $5 Million in Ethereum

IconCryptoNewsTerminal Staff15 Aug, 2024

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Trump's Cryptocurrency Investments: Up to $5 Million in Ethereum

Donald Trump's Crypto Holdings Former U.S. President Donald Trump reportedly holds up to $5 million worth of Ethereum (ETH)-based cryptocurrency, according to a report by Cointelegraph citing personal financial disclosure data. The report also indicates that Trump has made over $7 million from investments in NFTs, including the sale of his "Mugshot" NFTs and two sets of trading card collections. Trump's Crypto Address Blockchain analytics firm ARKAM estimates that a presumed Trump address holds approximately $3.59 million in cryptocurrency. This includes around 492.6 ETH (worth $1.28 million) and 377.4 wETH (worth $980,000). Trump's Political Stance on Crypto Trump has not publicly commented on his cryptocurrency investments or his views on the digital asset industry. However, he has previously made statements expressing skepticism about Bitcoin. Implications for the Crypto Market The revelation of Trump's crypto holdings has sparked speculation about the potential impact on the crypto market. Some analysts believe that his investments could legitimize crypto in the eyes of mainstream investors. Others caution that Trump's association with crypto may also draw attention from regulators.

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