Despite his dislike for cryptocurrencies, the previous US President, Donald Trump, has Ethereum (ETH) valued between $250,000 and $500,000, as stated in his recent financial disclosure.
In his 2023 financial disclosure, recently made public, former US President Donald Trump mentioned owning a “Cryptocurrency Wallet (Ethereum)” worth between $250,000 and $500,000.
This wallet is likely connected to the sale of non-fungible tokens (NFTs) that he launched in December 2022 after leaving the White House. These NFTs, featuring various images of the former President, were sold out within a day and earned him around $8.9 million, with about $298,000 in licensing fees.
Interestingly, Trump’s NFT earnings were collected through the same crypto wallet managed by his entity, CIC Digital. His wife, Melania Trump, also briefly tried NFTs, selling digital versions of Apollo moon landing images for $75 each. However, this move faced criticism from NASA due to merchandising concerns.
It’s notable that Trump, who was previously critical of cryptocurrencies, now holds crypto. He expressed skepticism about Bitcoin in the past, calling it “not money” and its value “based on thin air.” Even during his re-election campaign in 2021, he referred to cryptocurrencies as “fake.”
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
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