- Former U.S. President Donald Trump is invested in cryptocurrency.
- Trump’s recent financial disclosure reveals he has an ETH crypto wallet.
- Recent discoveries contradict Trump’s previous position regarding cryptocurrency.
Former U.S. President Donald Trump is invested in cryptocurrency, according to the Altcoin Daily YouTube channel host. In a video uploaded on YouTube, the Altcoin Daily host elaborated on the recent discoveries about Trump’s cryptocurrency holdings.
According to the YouTube channel’s host, Trump’s recent financial disclosure reveals he has an ETH crypto wallet. That marks a sharp contrast to the former President’s position regarding cryptocurrency. The host recalled Trump’s past statements criticizing cryptocurrency.
In an interview two years ago, Trump said Bitcoin seems like a scam. He categorically stated his dislike for the pioneer cryptocurrency because it was another currency competing against the dollar. Trump said he wants the dollar to be the currency of the world. One year after making that statement, he criticized the Chinese authorities for clamping down on cryptocurrencies.
Trump emphasized his support for the dollar and stated that he thinks China’s crypto clampdown was motivated by the Asian giant’s plan to create a native cryptocurrency. Trump noted that he didn’t want other currencies coming up and hurting or demeaning the dollar in any way.
Despite his verbal commitment to the U.S. dollar, recent findings show that Trump holds Ethereum. According to an X app (formerly Twitter) user identified as Whale, Trump made $2.8 million profit from his ETH holdings. The user further noted that Trump also earned more than $4.8 million from licensing fees associated with his NFT on ethereum.
In December 2022, Trump released a limited edition of 44,000 NFTs, representing cartoon-like trading cards. The initial drop was an overwhelming success, with all the minted NFTs selling out in one day. In April 2023, the former President released a second batch of NFTs with a similar result.
From recent disclosures, Trump is discovered to have made a significant amount of money from investing in cryptocurrencies. This development comes with some degree of controversy, considering his original stance as a critic of the novel technology.
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