Trump Hides a Crypto Fortune: $1.29 Million in Ethereum!

Donald Trump, former President of the United States and candidate for the 2024 presidential election, allegedly possesses a hidden fortune in cryptocurrency. According to the watchdog organization Citizens for Ethics, he holds between 1 and 5 million dollars, with a significant portion in Ethereum.

Donald Trump Owns Millions of Dollars in Ethereum, Filing Reveals
► https://t.co/ZHdq1hYPDT https://t.co/ZHdq1hYPDT

— Decrypt (@decryptmedia) August 16, 2024

Trump holds an impressive crypto portfolio (including Ethereum)

According to a report by Citizens for Ethics, Trump owns a digital wallet containing up to 5 million dollars in Ethereum. Arkham Intelligence specifies that the exact value amounts to 3.6 million dollars, including:

• 1.29 million in ETH,
• 986,000 dollars in Wrapped Ethereum (WETH).

Another interesting fact: the wallet also contains 372,000 dollars in TROG. This is a meme cryptocurrency representing a frog in a MAGA hat.

These investments, although significant, represent only 0.067% of Trump’s estimated fortune. Forbes estimates the latter to be 7.5 billion dollars.

The Trump empire expands to NFTs

Beyond Ethereum, Trump has also capitalized on the NFT phenomenon. According to the report, he has generated more than 7.15 million dollars through a licensing deal for his “Trump Digital Trading Cards.”

These NFTs, launched in two series, depict the former president in various heroic or fantastical scenarios. Despite promising beginnings, the value of these NFTs has experienced significant fluctuations (illustrating the volatility of the digital asset market).

Trump, the pro-crypto candidate for 2024?

In his campaign for 2024, Trump appears to position himself as the candidate favorable to cryptocurrencies. He promises to end the current administration’s anti-crypto crusade and even envisions creating a strategic reserve of Bitcoin.

This approach could attract the attention of investors and blockchain enthusiasts, potentially influencing the political debate around the regulation of digital assets.

In conclusion, Trump’s Ethereum investments and his foray into the world of NFTs mark a turning point in the relationship between politics and cryptocurrencies. As the presidential race intensifies, the impact of these strategies on the electorate and the crypto market remains to be seen.