If You Invested $1,000 In Trump NFTs, Here's How Much You'd Have Today (And Does It Beat The S&P 500?)
Portfolio Pulse from Chris Katje
Former President Donald Trump's NFT collection, Trump Digital Trading Cards, launched in December 2022, has seen a return of 135% in around 10 months. The collection was minted on the Polygon network and could be purchased with Ethereum or a credit card. A second series of the collection launched in April 2023 has not performed as well, with investors down around 44.1% on their investment. The same $1,000 invested in the SPDR S&P 500 ETF Trust would be worth $1,089.07 today, a return of 8.9% over the same period.
October 05, 2023 | 7:31 pm
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NEGATIVE IMPACT
The SPDR S&P 500 ETF Trust underperformed compared to an investment in Trump's NFTs over the same period.
An investment in the SPDR S&P 500 ETF Trust would have seen a return of 8.9% over the same period, significantly trailing the return from the Trump NFTs.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
The price of Ethereum, used to purchase Trump's NFTs, may have been influenced by the demand for the NFTs.
The demand for Trump's NFTs, which could be purchased with Ethereum, may have increased the demand for Ethereum, potentially influencing its price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
The Polygon network, used to mint Trump's NFTs, may have seen increased usage and recognition due to the NFT collection.
The Polygon network was used to mint Trump's NFTs, which may have increased its usage and recognition, potentially influencing its price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70