According to financial disclosure documents submitted to the Office of Federal Government Ethics, Donald Trump, the former President of the United States of America holds up to $500,000 in cryptocurrency kept in an Ethereum wallet. The disclosure was made on in August 2023.
This is the very first time that Trump, who is running for the Oval Office again in 2024 has openly disclosed his cryptocurrency holdings. In the past, he has been criticizing cryptocurrencies, calling them a “SCAM” and a “extremely harmful thing.” However, he has likewise expressed interest in the blockchain technology, and in 2021, he released a collection of non-fungible tokens (NFTs) that sold out in hours.
The value of Trump’s cryptocurrency holdings has actually varied considering that the disclosure was made. As of August 15, 2023, the worth of Ethereum is around $1,200, so Trump’s holdings is approximately $600,000.
It is uncertain what Donald Trump plans to do with his cryptocurrency holdings. He might sell them, keep them, or use them to purchase services or products. It is likewise possible that he will purchase other cryptocurrencies.
Trump’s cryptocurrency holdings are a sign of the growing acceptance of cryptocurrencies by traditional financiers. However, it is essential to keep in mind that cryptocurrencies are a volatile property class, and their costs can vary wildly. Investors should thoroughly consider the dangers prior to purchasing cryptocurrencies.
Disclaimer: Information on Bitcoinfad is for general knowledge only. Cryptocurrency investment involve risks. Seek professional advice before making financial decisions. Bitcoinfad will not be liable for any losses.