From Skeptic to Believer: Trump Holds $500K in Ethereum

Ex-President Trump holds $500K Ethereum, reveals U.S. disclosure.
Trump sells NFT cards, earns $500K-$1M, despite crypto skepticism.
Trump tops GOP polls; crypto holdings spark speculation.

Former U.S. President Donald Trump, a one-time critic of cryptocurrencies, reveals ownership of up to $500,000 in Ethereum, per U.S. Government Ethics filings.

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Contrary to his previous reservations, Trump boldly stepped into the cryptocurrency arena the previous year by debuting a series of unique non-fungible token (NFT) cards. These NFT cards, featuring images of the former president, achieved a meteoric rise in popularity, ultimately leading to a complete sellout within an incredibly short timeframe.

When obtaining these NFT cards, buyers automatically join a sweepstake for exclusive Trump experiences – such as Zoom calls, Miami dinners, or Mar-a-Lago cocktails. The cards come in varying editions, ranging from unique pieces to limited sets of two, five, seven, or 10 copies. The website ensures that no Trump Digital Trading Card surpasses 20 copies in existence.

In an even more impressive follow-up, Trump’s subsequent NFT card series, introduced in April, achieved substantial sales, estimating earnings ranging from $500,000 to an impressive $1 million. More questions are raised about his views on blockchain technology and decentralized finance due to this.

An interesting correlation emerges between Trump’s involvement in the cryptocurrency realm and his leading status in the national polls of the Republican Party.

Despite a polarizing public perception, his unprecedented popularity within the ranks of the Republican Party, commonly referred to as the GOP, positions him as a formidable and compelling contender for the impending 2024 presidential election.

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Bhea Lacsamana

Bhea is a fintech journalist specializing in crypto, with a unique blend of roles as a content creator, anthropologist, and qualitative researcher. Her articles dive into both financial technology and cultural traditions, reflecting her diverse interests. Catch her immersed in a book where her love for learning thrives.