Donald Trump Invests in Crypto: Here’s What His Portfolio Looks Like
• Donald Trump recently disclosed that he holds between $250,000 to $500,000 invested in a cryptocurrency wallet specifically related to Ethereum.
• This connection appears to be linked to his successful venture into the NFT market, where he earned licensing fees and profits of over $8.9 million.
• Despite criticizing digital currencies prior, this newfound embrace of digital assets showcases Trump’s willingness to capitalize on an emerging market.
Donald Trump’s Crypto Portfolio
Donald Trump recently revealed that he holds a significant amount of assets in a cryptocurrency wallet connected to his successful non-fungible token (NFT) venture. The former president has between $250,000 and $500,000 invested in an Ethereum wallet associated with these limited edition trading cards bearing his likeness.
Trump’s NFT Venture
In partnership with NFT INC LLC, Trump earned licensing fees of more than $298,000 through his entity CIC Digital as part of the sale of these NFTs featuring hunters‘ camouflage and superhero costumes that sold out twice for over $8.9 million.
Trump’s Prior Criticism
The former president had previously been vocal about his aversion to digital currencies despite this newfound embrace of them; he tweeted “I am not a fan of Bitcoin and other cryptocurrencies, which are not money…” Additionally, he previously criticized Facebook’s virtual currency ambitions by emphasizing the primacy of the U.S dollar.
These financial rewards represent only a fraction of President Trump’s estimated net worth at around $2.5 billion but showcase his willingness to capitalize on an emerging and often controversial market outside traditional finance circles.
Donald Trump’s recent financial disclosures have revealed that despite previous criticism towards digital currencies, he still holds between $250k -$500k worth of cryptocurrency in an Ethereum wallet related to his successful NFT venture which has earned him licensing fees and profits beyond what most people would expect from such a new form investments..