Donald Trump, a former US president, has between $250,000 and $500,000 in digital assets, according to a recent financial disclosure.
The filing made to the Office of Government Ethics (OGE) included a list of the exc-President’s assets from various sources.
Crypto aficionados were drawn to a product dubbed a “Cryptocurrency Wallet (Ethereum)” that Trump estimates to be worth between $250k and $500k.
The assets are probably connected to earlier non-fungible tokens (NFTs), which the former president launched last year and rolled out again in April.
Sales of the $99-a-piece trading cards, featuring Trump as an astronaut, cowboy, and superhero, began around the time of his first indictment in December 2022.
Cards apparently sold out within hours, indicating that sales were largely successful. The crypto community praised the ex-President for his belief in dabbling in digital art, but critics brought up his earlier “distasteful” remarks regarding cryptocurrency.
He released another blockbuster set of 47,000 trading cards in April that generated $4.7 million in sales in just six hours.
Trump’s trading card series reportedly brought in $8.9 million in sales and about $298,000 in licence fees, making up a sizable portion of his digital asset holdings.
Like Trump, Melania Trump, the former first lady, tested NFTs by turning well-known NASA Apollo moon photos into digital art that was sold for $75 per piece.
Republican versus crypto
Donald Trump and several prominent Republicans announced their intention to run for president in 2024, citing the issue of digital assets in light of the Biden administration’s strict crypto policies.
Donald Trump has not always been a supporter of cryptocurrencies, unlike candidates like Florida Governor Ron DeSantis, who has always been an advocate of Bitcoin (BTC), a detractor of Central Bank Digital Currencies (CBDC), and recently pledged to put an end to the war President Biden declared on digital assets if elected.
According to a tweet he made in 2019, Trump “is not a big fan of Bitcoin and other cryptocurrencies.” He told Fox Business in 2021 that the tweet felt shady even though it had been removed, adding, “I don’t like it because it’s another currency competing against the dollar. I want the dollar to dominate the global monetary system. I have always stated that.
Many people think that his perception of the market has changed over the years since the introduction of his digital work because he now owns cryptocurrency.
Francis Suarez, the mayor of Miami, has also officially embraced Bitcoin and said that his campaign will accept donations in cryptocurrencies to promote the use of the currency.