In a recent financial disclosure, it was revealed that President Trump has substantial investments in cryptocurrency, a sector that has become a prominent focus of his presidential campaign.
However, in contrast to more modest alternatives, there is no evidence that the former president actually possesses any Bitcoin, despite his numerous targeted appeals to investors in the cryptocurrency blockchain.
Donald Trump’s Cryptocurrency Investments
According to the disclosure made public by Citizens for Ethics in 2024, the Republican candidate has a sizeable amount of money in his hardware wallet for his virtual Ethereum key, which is commonly known as a cryptocurrency wallet. The amount of money in the wallet ranges from one million dollars to five million dollars.
Furthermore, he generated more than $7.15 million in revenue as a result of the license agreement he executed with NFT INT, LLC. After the July incident, there was a significant increase in demand for his digital trading card collections, which were the subject of this agreement.
Despite the fact that the filings do not disclose the specific cryptocurrencies that Trump possesses, a comprehensive analysis by Arkham Intelligence provides insights into Trump’s digital wallet. According to the findings of the investigation that the company carried out, Trump is in possession of assets valued at $3.5 million. These assets include 492 Ethereum, which is equivalent to $1.28 million, and 377 Wrapped Ethereum, which amounts to $977,000.
Additionally, he has substantial investments in digital currencies that could be more well-known, such as TROG (worth 372,000 dollars) and GUA (worth 345,000 dollars). Apart from that, the user is in possession of $136,000 worth of stablecoin USDC, in addition to $135,000 worth of MAGAA, which is a memecoin that was inspired by Trump, despite the fact that there is no official affiliation with it. On Friday, there was a fifteen percent increase recorded in the value of the token.
It is essential to point out that Forbes suggests that Donald Trump’s total wealth is approximately $7.5 billion. This suggests that the amount of cryptocurrency he is said to possess constitutes a meager 0.067% of his total assets.
Where’s The Bitcoin?
Pre-existing filings from August 2023 disclosed that Trump was in possession of cryptocurrency, primarily on the Ethereum platform. Since that time, however, the quantity has significantly increased.
Despite this, the wallet continues to show no indication that it includes either Bitcoin or Wrapped Bitcoin in its contents. During the 2024 Bitcoin Conference, which took place in July, President Trump voiced his support for the famous Bitcoin investor’s philosophy of holding onto your Bitcoin and committed to maintaining the current holdings of Bitcoin by the United States government in the event that he was to be re-elected.
Furthermore, he has repeatedly advocated for the complete mining of all remaining Bitcoins within the borders of the United States, and he has urged the Bitcoin mining industry to take action on a consistent basis. Even further, he predicted that the market capitalization of Bitcoin might eventually surpass that of gold and that this asset might be able to contribute to the elimination of the country’s debt, which is estimated to be $35 trillion.
In 2022, it was revealed that JD Vance, who was running alongside Trump at the time, had invested in Bitcoin. He had a substantial amount of Bitcoin in his possession, estimated to be between $100,000 and $250,000.
