Former President Donald ***** disclosed owning up to $5 million in Ethereum and reported earnings exceeding $7 million from his non-fungible token (NFT) ventures, according to his financial disclosures from the Citizens for Ethics group.
According to the document, ***** holds Ethereum-based assets valued between $1 million and $5 million in a cold wallet. However, available data from blockchain analytical platform Arkham Intelligence shows that *****’s wallet contains approximately $3.6 million in crypto, including $1.29 million in ETH and $989,000 in wrapped ETH.
Additionally, ***** reported earning $7.15 million in licensing fees from NFT INT LLC for his NFT collections, which include the “Mugshot” edition and two series of Donald ***** Trading Cards.
NFT INT sells the cards and uses *****’s name and likeness under a licensing agreement with CIC Digital.
Pro-Bitcoin
*****’s evolving stance on digital assets marks a significant shift from his previous skepticism towards the crypto industry. The Republican presidential candidate, once a critic of the industry, has now embraced them as a key focus in the upcoming November elections.
As part of his re-election campaign, ***** has pledged to build a national Bitcoin reserve and position the US as the leader of the sector through pro-crypto policies that would help the sector to thrive.
Crypto asset management firm CoinShares pointed out that *****’s potential second term could greatly influence Bitcoin.
According to the firm, *****’s protectionist policies and inflationary trade strategies might undermine geopolitical stability and the US dollar’s status as a reserve currency, potentially boosting Bitcoin as a hedge. However, a stronger dollar, often linked to *****’s fiscal conservatism, could negatively affect Bitcoin prices.
Nevertheless, the firm believes his presidency would foster a more favorable regulatory environment for digital assets because of his pro-crypto stance and his choice of J.D. Vance, a staunch Bitcoin supporter, as his running mate.
CoinShares concluded:
“Overall, *****’s presidency could create a mixed but potentially advantageous landscape for Bitcoin.”
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