Donald Trump crypto treasure is impressive. Here’s how many he has and why.
A portfolio that perhaps more than others has aroused the curiosity of crypto-enthusiasts. Let’s talk about the Donald Trump crypto portfolio – which the former President of the United States revealed to the public within a broader communication of his financial and economic interests.
Indeed, Trump has accumulated between $250,000 and $500,000 in cryptocurrencies, namely Ethereum. A choice which, however, was not a direct investment choice, but the result of other initiatives that the ex-President has undertaken in recent months.
Yes, it is connected to the (at this point lucky) series of NFTs that the president has published and sold – and it is perhaps a small thing compared to what the former president sells in terms of assets, but at the same time a sign of the ubiquity of the world cryptocurrency, which has now also touched the large estates of important families, among the most important in the United States.
Donald Trump crypto – at least $250,000 worth of Ethereum
This came about thanks to a public and mandatory declaration of the financial interests of former US President Donald Trump. In fact, he declared that he owns between $250,000 and $500,000 of Ethereum, the second cryptocurrency by market capitalization and the first of special sectors such as decentralized finance and NFTs.
Certainly these are small sums compared to Trump’s entire estate, which is estimated to be around 2.5 billion dollars. Doing classic accounting, we can therefore say that Trump has between 0.1% and 0.2% of his entire assets in Ethereum.
Where do these Ethereum come from?
They come from sales of NFTs that apparently had a certain popularity, with the same pieces however that after a great initial enthusiasm from the public, ended up rather quickly by the wayside.
And Donald Trump is not even the only one in the family who has played, so to speak, with the world of NFTs. In fact, his wife Melania Trump has also launched several NFT series, but we do not know if she is as successful as her husband.
Without taking anything away from the great possibilities that the NFT world offers to artists, Trump’s story reminds us that the best way to make money with NFT collections is to… already be rich and popular.
The series of NFTs sold by Donald Trump would never have met the success it did without the brand of the ex-President of the United States, an extremely polarizing character and for this reason also endowed with a hard core of enthusiasts who would also seem willing to buy stickers digital.
Digital figurines that many were quick to declare as a sure failure, only to be proven wrong by the facts. Selling more than $250,000 of NFTs – in a period that was already tough for the sector – was a decidedly interesting result.
Donald Trump Crypto History
In the past, Trump had declared himself against Bitcoin and the crypto world more generally:
“I’m not a fan of Bitcoin and other cryptocurrencies, which are not currencies and whose value is highly volatile and based on nothing.”
Check out our Copy my Crypto review here.