Donald Trump surprises with investments in cryptocurrencies – What is behind the decision of the former president?

Donald Trump Invests in Cryptocurrencies, Including Ethereum

Former President of the United States, Donald Trump, who once publicly criticized and advised against investing in cryptocurrencies, is now surprising everyone with his recent moves. According to the latest financial report, Trump has millions of dollars invested in cryptocurrencies, including the popular Ethereum.

A Shift in Approach to Cryptocurrencies

Donald Trump, who used to label Bitcoin as a „scam,” is now displaying a completely different attitude towards the world of cryptocurrencies. By accepting donations in the form of cryptocurrencies for his presidential campaign and investing in them, the former president is surprising both his supporters and opponents.

Trump Invests in Ethereum and Other Cryptocurrencies

As per the financial disclosure, Donald Trump is reported to have between 1 and 5 million dollars in Ethereum, stored in a special hardware wallet. The total value of Trump’s wallet, according to Arkham Intelligence analysis, is approximately 3.6 million dollars, with around a million dollars allocated to Ethereum and nearly a million dollars to „Wrapped Ethereum.”

In addition to Ethereum, the former president is also investing in other smaller cryptocurrencies. In his portfolio, there is approximately $360,000 in a lesser-known currency called Trog, featuring a frog wearing a MAGA hat in reference to his campaign slogan.

Other Sources of Income

Donald Trump not only invests in cryptocurrencies but also earns profits from other sources. According to available information, the former president has made over 7 million dollars from licensing fees from NFT INT company, which sells NFT (non-fungible token) playing cards featuring his likeness. Despite initial controversies related to accusations of graphic plagiarism, the company continues to operate, bringing profits to both Trump and itself.

Summary

Despite his previous negative opinions on cryptocurrencies, Donald Trump seems to have completely shifted his stance by engaging in investments in Ethereum and other digital currencies. This change in the president’s approach, observed with interest by many, may also have an impact on the global cryptocurrency market and their societal perception.