TL;DR
- Donald Trump reveals his cryptocurrency investments valued at $3.6 million and $7 million in NFT earnings, according to his financial disclosure.
- The mogul holds $1.29 million in Ethereum and $989,000 in Wrapped Ethereum, and has obtained substantial income through a deal with NFT INT, LLC.
- Trump seeks to attract support from the crypto community with promises such as the creation of a state Bitcoin reserve.
Donald Trump, the former President of the United States and current presidential candidate, has disclosed his investments in cryptocurrencies and earnings from his venture into the non-fungible token (NFT) market.
According to financial disclosures obtained by the Citizens for Ethics group, Trump holds cryptocurrencies valued between $1 million and $5 million, while Arkham Intelligence has specified that his cryptocurrency wallet contains $3.6 million, including $1.29 million in Ethereum and $989,000 in Wrapped Ethereum.
In addition to his crypto investments, Trump has reported earnings exceeding $7 million from a deal with NFT INT, LLC, which markets digital cards featuring his image. This agreement has significantly increased his earnings, given that he started with a base of $300,000 reported a year ago; Donald has successfully ventured into the NFT market.
Donald Trump: ‘Never Sell Your Bitcoin’
Trump has had to strengthen his pro-crypto stance in the presidential campaign, and in turn, back these statements with actions, i.e., investments, in addition to proposals. His family is also preparing to enter the cryptocurrency market. His son, Trump Jr., has launched a Telegram channel titled “The DeFiant Ones,” suggesting that the family plans to enter the industry.
In the United States, presidential candidates are required to file personal financial disclosures to ensure transparency and avoid potential conflicts of interest. In this context, Mar-a-Lago Club in Palm Beach, a significant income source for Donald, raised around $57 million, a decrease from the $65 million reported previously.
Despite previously labeling cryptocurrencies as a “scam,” Donald is now actively seeking support from the crypto community. During his speech at the Bitcoin 2024 conference, he made several promises to the industry, including the creation of a state Bitcoin reserve. Additionally, he advised attendees to hold onto their Bitcoin investments.
