Donald Trump and cryptocurrencies


Extravagant former US President Donald Trump has repeatedly pronounced diametrically opposed opinions about cryptocurrencies - from critical to neutral-positive. At least at the level of statements, he cannot be attributed to crypto-enthusiasts. His position was firm only in relation to the "state" digital money called Central Bank Digital Currency (CBDC). He stated that its development should be stopped immediately, as their release would mean direct interference by the state in business and private life. However, CBDC is a separate specific asset and cannot be considered a "traditional" cryptocurrency, despite the use of blockchain elements.




Trump’s real actions speak louder than any statement. It turns out that the ex-president has fairly serious crypto-assets and receives a significant profit from them.


Donald Trump’s crypto portfolio in current prices is estimated at $5.7M. The amount may be small compared to his other assets, but it is still quite large.


The largest share in the portfolio of the ex-president is MAGA coins (TRUMP). At the very beginning of the project Trump received 580K coins from the developers. Then TRUMP cost about $0.01. At the peak price was about $11.5, and the total package was valued at $6.7M. Today it costs about $3M. Trump got a serious profit.


Trump does not abandon traditional crypto-assets. ETH and WETH are stored on his wallets, they cost about $2.5M.


The remainder of the portfolio consists of meme coins CONAN and BABYTRUMP.

I wonder if Trump’s rhetoric will change?


It’s not about personal interest, it’s about understanding the crypto business. Now authorities, judging by the actions of the SEC, which is well known to us, critically lack professionals who are knowledgeable in cryptocurrencies and blockchain.


Now the crypto industry is at an important stage of evolution. Decisions that will be taken today will largely determine the future trajectory of its development. That is why every potential VIP lobbyist will be very useful.


#TrumpCrypto #CryptoAssets #CBDCDebate #CryptoEvolution #VIPCryptolobby

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