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Donald Trump, the former President of the United States, became more involved in the crypto sphere in the past year. This was the result of the Donald Trump Trading Card NFT collection launched by the politician. However, it seems that Trump’s involvement in crypto has gone even deeper as he has disclosed substantial holdings.

Trump owns Ethereum

Trump’s 2023 financial disclosures filed with the United States Office of Government Ethics (OGE) revealed that the former president has up to half a million stakes in Ethereum. As part of his assets, Trump listed a cryptocurrency wallet containing Ether worth between $250,001 and $500,000.

Before now, Trump has long been skeptical of cryptocurrencies. In 2019, he said, in a do, that he was not a “fan of bitcoin and other cryptocurrencies”. He further noted that these cryptocurrencies are “highly volatile and based on thin air.”

During an interview with Fox Business in June 2021, Trump also said that bitcoin “looks like a scam” and once again expressed his distaste for the foremost cryptocurrency as another currency “competing against the dollar”. Was.

However, despite the disclosure, there is reason to believe that the former president’s crypto holdings do not mean a change of heart towards cryptocurrencies, as the said wallet is likely tied to the non-fungible token (NFT) he launched. Partnership with NFT International LLC.

In fact, right below the mention of the crypto wallet, Trump also mentioned his licensing agreement with the company. However, he did not specify how much was paid as part of the settlement as the value is not “easily ascertainable”.

Trump licensed his image to be used for the Trump digital trading card, which was launched on Polygon in December 2022. Despite criticisms, with many viewing it as a cash grab, the 45,000 Trump NFTs available sold out in less than 12 hours, garnering $4.35 million in sales.

ETH price struggles in the mid-$1,800 area. Source: ETHUSD on Tradingview.com

bitcoin pro candidate

Unlike Donald Trump, several other candidates have openly supported the flag-bearer cryptocurrency. One of them is Democratic presidential candidate Robert F. Kennedy, who reportedly has between $100,001 and $250,000 worth of bitcoin investments.

The politician was quick to defend bitcoin following concerns about the cryptocurrency’s environmental impact. He said that these arguments against bitcoin are just an excuse to “undermine financial freedom”. He also previously revealed his plan to back the US dollar with bitcoin and exempt bitcoin profits from capital gains taxes.

Meanwhile, Republican presidential candidate Ron DeSantis has promised to end “Biden’s war on bitcoin”. During a Twitter space with Elon Musk, the Florida governor also said that every citizen “has every right to own bitcoin.”

Featured image from The Wall Street Journal, chart from Tradingview.com

Source: bitcoinist.com