2024

Melania Trump

Crypto Trump

<ul> 
 <li aria-level="1">Trump’s reversal on cryptocurrencies includes accepting donations for his campaign via crypto, amassing over $3 million.</li> 
 <li aria-level="1">Besides Ethereum, Trump has invested in a MAGA-themed memecoin and earned millions from NFT collections.</li> 
</ul> 
Despite his previous criticism of cryptocurrencies as a “scam,” Donald Trump’s financial portfolio now includes substantial investments in digital currencies, including between $1 million and $5 million in <a href="https://platform.arkhamintelligence.com/explorer/entity/donald-trump">Ethereum alone</a>. 
<figure id="attachment_87657" aria-describedby="caption-attachment-87657" style="width: 100%" class="wp-caption aligncenter">
 <img loading="lazy" decoding="async" class="size-full wp-image-87657" src="https://www.ethnews.com/wp-content/uploads/2024/08/trump-ethereum-holding.webp" alt="trump-ethereum-holding" width="976" height="560">
 <figcaption id="caption-attachment-87657" class="wp-caption-text">
 Source: Arkham Intelligence
 </figcaption>
</figure> 
This shift reflects a notable change in Trump’s stance toward cryptocurrencies, which he had vocally opposed during his presidency. 
<figure id="attachment_87669" aria-describedby="caption-attachment-87669" style="width: 100%" class="wp-caption aligncenter">
 <img loading="lazy" decoding="async" class="size-full wp-image-87669" src="https://www.ethnews.com/wp-content/uploads/2024/08/arkhamintelligence-trump-holding.png" alt="arkhamintelligence-trump-holding" width="945" height="410">
 <figcaption id="caption-attachment-87669" class="wp-caption-text">
 Source: Arkham Intelligence
 </figcaption>
</figure> 
As President, Trump consistently expressed skepticism about the viability of cryptocurrencies, citing concerns over their role in illegal activities and their lack of inherent value. 
<blockquote>
 “I am not a fan of Bitcoin and other cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air,” he said in a tweet in 2019.
</blockquote> 
He famously tweeted in 2019, dismissing Bitcoin and other cryptocurrencies as not real money and criticizing their volatile nature.&nbsp; 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 The <a href="https://twitter.com/search?q=%24TRUMP&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$TRUMP</a> ticker will officially be one year old in 7 days and you thought we'd stop now? 
 The show goes on. <a href="https://t.co/6b7XyXGIIe">pic.twitter.com/6b7XyXGIIe</a> 
 — MAGA Memecoin (@MAGAMemecoin) <a href="https://twitter.com/MAGAMemecoin/status/1820191990484513273?ref_src=twsrc%5Etfw">August 4, 2024</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
However, recent financial disclosures show that <a href="https://www.ethnews.com/trumps-bitcoin-strategy-thwarted-by-biden-what-you-need-to-know/">Trump has reversed his position</a>, now holding investments in Ethereum. 
In addition to his investment in Ethereum, <a href="https://www.ethnews.com/trump-maintains-lead-in-2024-u-s-presidential-election-predictions-on-polymarket/">Trump’s campaign</a> has started accepting cryptocurrencies for donations on a fundraising page, bringing in over $3 million. This is part of a broader strategy to engage with younger, tech-savvy voters who are increasingly interested in digital currencies. 
<figure id="attachment_87665" aria-describedby="caption-attachment-87665" style="width: 100%" class="wp-caption aligncenter">
 <img loading="lazy" decoding="async" class="size-full wp-image-87665" src="https://www.ethnews.com/wp-content/uploads/2024/08/Uniswap-V2-_GeckoTerminal.com_TRUMP_2024-08-18_19-50-16.png" alt="Uniswap V2 _GeckoTerminal.com_TRUMP_2024-08-18_19-50-16" width="1104" height="395">
 <figcaption id="caption-attachment-87665" class="wp-caption-text">
 Source: TRUMP/WETH Price Chart – Coinkego Terminal
 </figcaption>
</figure> 
Trump has also ventured into other cryptocurrency-related endeavors. He has invested in a MAGA-themed memecoin called TRUMP, which saw a surge in value following his public endorsement. 
<figure id="attachment_87661" aria-describedby="caption-attachment-87661" style="width: 100%" class="wp-caption aligncenter">
 <img loading="lazy" decoding="async" class="size-full wp-image-87661" src="https://www.ethnews.com/wp-content/uploads/2024/08/trump-nft-maga.png" alt="trump-nft-maga" width="753" height="429">
 <figcaption id="caption-attachment-87661" class="wp-caption-text">
 Source: Coingeko
 </figcaption>
</figure> 
Furthermore, Trump has entered the non-fungible token (NFT) market, earning approximately $7.15 million in licensing fees from 29 NFT collections that feature stylized images of him in various heroic poses. 
Even Melania Trump has participated in the NFT market, earning over $330,000 through her own collection. This involvement in digital assets underscores a broader trend of blending politics with technological innovation. 
Looking ahead, Trump’s new affiliation with cryptocurrencies suggests potential political implications for his 2024 presidential campaign. He <a href="https://www.ethnews.com/donald-trumps-crypto-fundraiser-gathers-momentum-at-bitcoin-conference/">has expressed</a> ambitions for the United States to become the “crypto capital of the planet” and has proposed the creation of a national reserve fund for Bitcoin. 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;">BREAKING: Under a Donald <a href="https://twitter.com/search?q=%24TRUMP&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$TRUMP</a> Presidency we're writing checks out in <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> BABY! <a href="https://t.co/bXpxN4t445">pic.twitter.com/bXpxN4t445</a> 
 — MAGA Memecoin (@MAGAMemecoin) <a href="https://twitter.com/MAGAMemecoin/status/1819421056438096132?ref_src=twsrc%5Etfw">August 2, 2024</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
Donald Trump’s transition from a cryptocurrency skeptic to a significant investor illustrates a dramatic shift in his financial strategy and political messaging, reflecting broader changes in the public’s and investors’ attitudes toward digital assets. 
The post <a href="https://www.ethnews.com/you-wont-believe-how-much-crypto-trump-owns-now/">You Won’t Believe How Much Crypto Trump Owns Now!</a> appeared first on <a href="https://www.ethnews.com">ETHNews</a>.

You Won’t Believe How Much Crypto Trump Owns Now!

ETHNews

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