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Donald Trump Holds Up to $500,000 in Ethereum Despite Previous Crypto Skepticism


President Donald Trump warmly addresses supporters at a rally in Delaware, Ohio.
Former President Donald Trump meets supporters at a rally in Delaware, Ohio, on April 23, 2022.

Former U.S. President Donald Trump's latest filing with the U.S. Office of Government Ethics unveils his ownership of Ethereum holdings valued at up to $500,000.

Amidst preparations for a potential return to the Oval Office in 2024, Donald Trump's stance on cryptocurrency has taken an unexpected twist. Once a vocal skeptic of the crypto landscape, Trump's recent actions suggest a change of heart.


Last year, he ventured into the world of non-fungible tokens (NFTs), releasing a series of NFT cards adorned with his images, all of which were swiftly snapped up within hours of release.

Following the initial success, Trump launched a second NFT card series in April, which also experienced impressive sales, although the fervor seemed to wane compared to the first round.

Trump's financial disclosure form, on page 81, line 25.2, unveils the substantial gains he reaped from these ventures. Reportedly, the NFT initiatives generated between $500,000 to $1 million in earnings for the former president.

Trump's 2023 financial disclosure form filed with the U.S. Office of Government Ethics
Page 81 of Trump's 2023 financial disclosure form filed with the U.S. Office of Government Ethics

After his 2020 election defeat, Trump told Fox Business in June 2021, "Bitcoin just feels like a scam," and went on to say, "I don't like it because it's another currency competing against the dollar. I want the dollar to be the currency of the world; that's what I've always said."


 

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