CDS Crypto News Donald Trump Crypto Fortune: $5M in Ethereum and $7M from NFTs Revealed in New Disclosure
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Donald Trump Crypto Fortune: $5M in Ethereum and $7M from NFTs Revealed in New Disclosure

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Donald Trump Crypto Fortune: $5M In Ethereum And $7M From Nfts Revealed In New Disclosure

Donald Trump Crypto Empire Grows: $5M in Ethereum and $7M Earned from NFT Ventures

Donald Trump Crypto Fortune – A recent financial disclosure has revealed that former President Donald Trump, the Republican nominee for the 2024 election, owns up to $5 million in Ethereum-based cryptocurrency. This marks a significant shift for Trump, who once criticized Bitcoin and other digital assets but has since embraced them as a cornerstone of his financial strategy. The disclosure was obtained by ethics watchdog Citizens for Ethics and shows that Trump’s foray into the crypto world is not just limited to holdings, but also extends into the lucrative world of non-fungible tokens (NFTs).

$7 Million Earned from NFTs

Trump’s involvement in the NFT market has proven to be highly profitable. According to the disclosure, he has earned more than $7.15 million from three separate NFT collections. These collections include the controversial “Mugshot” project, which capitalized on Trump’s criminal indictments, as well as two series of Donald Trump Trading Cards. The success of these collections has fueled speculation that Trump may release a fourth series, a possibility he hinted at during a conversation with Bloomberg on July 16, stating, “the people want” him to release another one.

Donald Trump Crypto Fortune: $5M In Ethereum And $7M From Nfts Revealed In New Disclosure

The Launch of Official Crypto-Sneakers

In addition to NFTs, Trump has ventured into the physical world with the launch of “official crypto-sneakers.” Released on August 1, these limited edition orange hi-tops were priced at $499 and sold out within hours. The quick sellout of the 1,000 pairs underscores the enduring appeal of Trump’s brand among his supporters.

Trump’s Crypto Holdings and Market Impact

Trump’s Ethereum-based crypto holdings are estimated at $3.5 million, according to blockchain analytics platform Arkham Intelligence. Interestingly, the value of these holdings soared to as high as $18 million in June, driven by a massive rally in the price of a memecoin known as “TRUMP.” The TRUMP memecoin, launched in August to raise funds for U.S. veterans and child protection, is not officially affiliated with Trump, despite bearing his name. This distinction has not deterred speculators, who drove the coin’s value to unprecedented heights during the summer.

Donald Trump Crypto Fortune: $5M In Ethereum And $7M From Nfts Revealed In New Disclosure

Beyond Crypto: Trump’s Other Financial Ventures

The financial disclosure also sheds light on Trump’s other business ventures. He earned over $300,000 from selling a series of branded bibles and a combined $216 million from his Mar-a-Lago resort and the Trump National Doral golf course in Florida. These figures highlight Trump’s continued success in leveraging his brand for financial gain.

Trump’s Pro-Crypto Stance in the 2024 Campaign

Trump’s embrace of digital assets is not just a personal financial strategy but also a key part of his 2024 election campaign. At the Bitcoin 2024 conference in Nashville, Trump outlined his vision for the U.S. as the “crypto capital of the world.” He promised to create a national Bitcoin stockpile and implement a series of crypto-friendly policies if elected president. This marks a significant turnaround from his earlier stance on crypto and suggests that Trump sees digital assets as a crucial part of the future economy.

Donald Trump Crypto Fortune: $5M In Ethereum And $7M From Nfts Revealed In New Disclosure

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