Donald Trump invests in crypto: what coins does he own?

There is still no shortage of politicians who are skeptical about crypto and blockchain. For example, former US President and current Presidential candidate Donald Trump was not a fan of crypto at all. But apparently he’s warming up to it because according to new legal documents, he actually owns the genius assets.

Donald Trump owns cryptocurrencies

This emerges from a document from the United States Office of Government Ethics (OGE). Trump is now a presidential candidate again, which means he has to relinquish his possessions. Page 80 of the document states “Cryptocurrency Wallet (Ethereum)” which is said to be storing between $250,001 and $500,000. It’s not a lot of money for him, Forbes estimates his fortune at around $ 2.5 billion.

It is unclear whether it is an Ethereum wallet with Ethereum or an Ethereum wallet with ERC-20 tokens. There could be more tokens stored in it as the presidential candidate is no longer a stranger to investing in crypto.

Last year, Trump released a series of non-fungible tokens (NFTs). He was depicted as a cartoon character, including as a superhero, golfer, sheriff and astronaut. The collection sold out within a day.

A few months later he even presented a second collection, which also sold out quickly. After his arrest, the price and trading volume skyrocketed.

The document also reveals that he earned $297,839 from these NFTs. So there is a good chance that the Ethereum wallet is hosting something other than the NFTs.

Trump used to be a vehement opponent of cryptocurrencies

The details are somewhat striking as he used to be a vehement opponent of cryptocurrencies. In late 2021, he described the assets as “very dangerous” and preferred owning the US dollar. He was frustrated that no one was doing anything to end cryptocurrencies. Also during his presidency in 2019, he stated that he was not a fan of Bitcoin (BTC) and other cryptocurrencies. They would represent hot air and encourage crime.

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