US Presidential hopeful Donald Trump now owns over $1 million in crypto despite once calling the technology a scam.
According to new official financial disclosures from the former reality television star, Donald J. Trump owns over $1 million in crypto.
The disclosures also show that the business magnate made $300,000 selling Christian bibles.
Trump’s crypto wallet and “virtual Ethereum key” are estimated to be valued anywhere between $1 million and $5 million.
During Trump’s only presidential term, he called crypto a “scam” and suggested that the Department of Justice should go after Bitcoin (BTC) for “fraud.”
Trump has famously since changed his tune. He has released several non-fungible token (NFT) collections to mixed reviews.
Last month, at the Bitcoin2024 conference in Nashville, Trump said that, if elected, the US would stop selling its trove of seized Bitcoin on the open market and instead strategically hold the asset as an investment.
“This afternoon, I’m laying out my plan to ensure the United States will be the crypto capital of the planet and the Bitcoin superpower of the world. If crypto is going to define the future, I want it to be mined, minted, and made in the USA. If Bitcoin is going to the moon, I want America to lead the way…
For too long, our government has violated the cardinal rule that every Bitcoiner knows by heart – never sell your Bitcoin. Today I am announcing that if I am elected it will be the policy of my administration to keep 100% of all the Bitcoin the US government currently holds or acquires into the future. This will serve, in effect, as the core of the strategic national Bitcoin stockpile.”
Earlier this year, Trump was found guilty of 34 felonies by a jury of 12 New Yorkers.
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