Former President Donald Trump’s Involvement in Crypto
Former United States President Donald Trump has become more involved in the crypto space through the launch of Donald Trump Trading Cards NFT collections. However, his involvement goes deeper as he reveals substantial holdings.
- Trump holds up to half a million in Ethereum, according to his 2023 Financial Disclosure.
- He listed a cryptocurrency wallet containing Ether valued between $250,001 to $500,000 as part of his assets.
- Despite being a skeptic of cryptocurrencies in the past, Trump’s disclosure suggests his holdings may be linked to the NFTs he launched.
- Trump licensed his image for the Trump Digital Trading Cards, which sold out in less than 12 hours and accumulated $4.35 million in sales.
- The value of the licensing agreement was not disclosed.
Pro-Bitcoin Candidates
Unlike Trump, other candidates have openly supported Bitcoin.
- Democratic Presidential Candidate Robert F. Kennedy owns between $100,001 and $250,000 worth of Bitcoin.
- Kennedy defended Bitcoin against concerns about its environmental impacts and plans to back the US dollar with Bitcoin.
- Republican Presidential Candidate Ron DeSantis promised to end “Biden’s War on Bitcoin” and supports citizens’ right to use Bitcoin.
- During a Twitter space with Elon Musk, DeSantis expressed his pro-Bitcoin stance.
Hot Take
Former President Donald Trump’s disclosure of his Ethereum holdings shows his increasing involvement in crypto. While he previously expressed skepticism, his NFT ventures indicate a potential change of heart. Meanwhile, other candidates like Robert F. Kennedy and Ron DeSantis openly support Bitcoin, with Kennedy even planning to back the US dollar with the cryptocurrency. It remains to be seen how these politicians’ involvement in the crypto space will shape the future of cryptocurrencies and their regulation.
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