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- Former President Donald Trump has a sizable Ethereum holding against his broad criticism.
- He shares conflicting views with his wife Melania Trump on crypto.
Former president of the United States and core Bitcoin (BTC) critic Donald Trump is said to have up to $2.8 million worth of cryptocurrencies in an Ethereum (ETH) wallet. This was revealed in a financial disclosure filing submitted by the Office of Government Ethics which includes a listing of assets and other sources of income that belong to the former president.
According to the statement shared by a non-profit organization, Citizens for Responsibility and Ethics in Washington, Trump generated close to $5 million from licensing fees linked with Non-fungible token (NFT) collections that used his image. This digital collectible is a collection of virtual trading cards with featured illustrations of Trump striking myriad poses as a superhero, cowboy, and an astronaut
They were launched for $99 each last December and their sales took off in the months that followed. Collectively, the 45th president of the United States secured about $7.6 million from his crypto-related ventures.
In a previous disclosure, it was said that Trump only holds about half a million in cryptocurrency. Specifically, the Office of Government Ethics put the value at a range of between $250,000 to $500,000. The $2.8 million currently in his ETH wallet is apparently way larger than the previously reported holding.
Trump’s Ethereum Identity: Crypto Whale or Critic
With this amount of crypto, Trump could as well be categorized as a crypto whale. But at the same time, this seems like an unbefitting title for a person who has been known over the years to make critical comments about digital assets. As is common with Democrats, the former U.S. president has never failed to question the value of cryptocurrencies.
During his time as president of America, Trump only tweeted about the nascent industry once and all he had to say was that he was “not a big fan of Bitcoin and other cryptocurrencies.” Later in 2021, he revealed during an interview with Fox that he has no interest in investing in Bitcoin (BTC) which he tagged a scam.
In addition, Trump pointed out that the token is competing with the dollar and for this reason, he does not like it. For Trump, cryptocurrencies are a disaster waiting to happen. At that time, he claimed that he had not made any investment in BTC or any other digital assets.
It is worth noting that he shares conflicting views with his wife Melania Trump when it has to do with cryptocurrencies. Melanie is more of a crypto enthusiast who has gone ahead to launch her NFT platform on the Solana blockchain.
With the latest shocking development about Trump’s Ethereum wallet holding in addition to the uniqueness of the network, investors may be on the lookout for a possible price surge for ETH which may soar as high as $2,500 in the near future. Amid this bogus price projection, the digital currency, at the moment, is changing hands at a trading price of $1,823.15 per data from Marketcap.
