Former President Trump Ventures into Crypto with $500K Holdings
Alisha Dar
Former U.S. President Donald Trump, a former crypto skeptic, now holds up to $500,000 in an Ethereum wallet and saw success with NFTs featuring his images. His venture has earned him $500,000 to $1 million, bridging traditional figures with the crypto realm's evolution.
Former U.S. President Donald Trump, recognized for his skepticism towards cryptocurrencies, has emerged as a crypto holder with investments of up to $500,000 in an Ethereum wallet, as disclosed in a recent report from the U.S. Office of Government Ethics.
In a surprising twist, Trump, who is gearing up for a potential 2024 Oval Office bid, unveiled a unique collection of NFTs last year, showcasing images of himself. The popularity of these NFT cards was undeniable, with the entire collection selling out within hours of its release.
In a subsequent move, he introduced a second series of these distinctive cards in April. While this series also initially sold out, the enthusiasm around the cards seemed to taper off over time. According to official filings, Trump's involvement in this venture has yielded him earnings ranging from $500,000 to $1 million. This development sheds light on the evolving intersection between traditional figures and the crypto realm.