Despite claiming that crypto is a "disaster waiting to happen," Trump now holds a significant amount of Ether.
Donald Trump, the former US President and billionaire, reportedly holds Ethereum assets worth over $2.8 million, highlighting a significant jump in his cryptocurrency investments.
According to the data shared by the Citizens for Responsibility and Ethics in Washington on August 14th, Trump has amassed $4.8 million through licensing fees from his non-fungible token (NFT) collections. This puts Trump's total gains from cryptocurrency endeavors at $7.6 million.
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Interestingly, this new disclosure presents a stark contrast to the figures Trump shared earlier this year. The April 14th filing showed that the 45th US President held Ethereum worth between $250,000 to $500,000, which makes the current $2.8 million figure a noteworthy escalation.
As Trump gears up for a potential comeback run in the 2024 presidential race, these financial revelations become even more significant.
However, the spotlight on Trump's surging Ethereum wealth coincides with another significant development. Trump faced an indictment in Georgia on the same day, August 14th, on allegations of conspiring with his followers to intervene in the 2020 presidential elections.
Despite his accumulating wealth in the crypto realm, Trump has, in previous instances, expressed reservations about cryptocurrencies. The former president once remarked that these digital assets "may be fake" and foresaw them as a "disaster waiting to happen."
However, it is worth noting that in April, the former president launched its second non-fungible token collection, which sold out in less than a day.
While Donald Trump's blossoming Ethereum investments hint at a growing affinity for cryptocurrencies, his past statements stand in contrast, painting a complex picture of his stance on digital assets. As Trump possibly aims for another stint at the presidency, the crypto community will undoubtedly, watch his moves closely.