New Report Reveals Donald Trump’s Ethereum Wallet Actually Contains $2.8 Million, Not $250,000-$500,000 as First Reported

Former US President Donald Trump’s Ethereum wallet holdings have been updated in a recent disclosure, surpassing the earlier reported range of $250,000 to $500,000.

We did an article on that here. 

According to a fresh financial statement released by the non-profit watchdog group Citizens for Responsibility and Ethics in Washington on August 14, Donald Trump’s Ethereum wallet now contains more than $2.8 million.

The documents revealed that Trump accrued over $4.8 million in earnings from licensing fees associated with non-fungible token (NFT) collections that utilised his likeness. From his cryptocurrency-related endeavours, Trump’s total crypto-related gains reached approximately $7.6 million.

This Ethereum wallet balance of $2.8 million far exceeds the previously mentioned range of $250,000 to $500,000 that was stated in Trump’s filing on April 14.

While Trump is aiming for a return to the White House in the upcoming 2024 election after his defeat to current President Joe Biden in 2020, his most recent financial report is overshadowed by his indictment in Georgia on August 14. The charges pertain to allegations of a conspiracy involving him and his supporters to tamper with the 2020 presidential election.

The wealthy real estate magnate has previously expressed doubt regarding cryptocurrencies, indicating that digital currencies might be inauthentic and could lead to potential catastrophes.

Furthermore, he has taken a critical stance against Bitcoin in particular, describing it as having characteristics akin to a fraudulent scheme. His reservations stem from its role as a rival currency vying against the US dollar.

As written in the previous article, Donald Trump’s venture into cryptocurrencies and his successful foray into the NFT domain stands as a noteworthy demonstration of how public figures can transition from doubt to active participation. 

His evolution from a vocal critic to an enthusiastic advocate underscores the allure and potential profitability of digital assets, even for those who have expressed reservations.

As the 2024 U.S. presidential race commences, digital assets have emerged as prominent discussion topics, whether the cryptocurrency sector seeks the spotlight or not. Even the most recognizable among the new candidates highlighted bitcoins in his initial address, using them as evidence to underscore President Joe Biden’s mistakes.

Florida Governor Ron DeSantis, who swiftly positioned cryptocurrency as a form of political shorthand, is presenting an early challenge to former President Donald Trump in a contest where Republican contenders are anticipated to generate substantial excitement. DeSantis is assuming the role of Biden’s primary opponent.

We did an article on DeSantis and Kennedy Jnr’s love for Bitcoin in their quest for presidency here.