Donald Trump Is An Ethereum Whale — Stashing Up To $5M In ETH, New Report Shows
Portfolio Pulse from Mehab Qureshi
Former President Donald Trump is reported to own up to $5 million worth of Ethereum (ETH), according to financial disclosures for 2023 posted by Citizens for Responsibility and Ethics in Washington (CREW). The disclosures also revealed that Trump earned $2.8 million from his ETH holdings and more than $4.8 million from licensing fees associated with nonfungible token (NFT) collections featuring his image. This resulted in a net profit of around $7.6 million for Trump from crypto-related ventures.
August 16, 2023 | 3:57 am
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Donald Trump's significant holdings in Ethereum could potentially influence the market due to his ability to make large transactions. However, his past skepticism towards cryptocurrencies might cause some uncertainty among investors.
As a significant holder of Ethereum, Trump has the potential to influence the market with large transactions. However, his past skepticism towards cryptocurrencies might cause some uncertainty among investors, potentially impacting the price of Ethereum. Despite this, the fact that he has made substantial profits from his crypto-related ventures could also be seen as a positive signal by some investors.
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