Key Points:
- Substantial Ethereum Holding Unveiled in Disclosure
- Link to NFT Collection and Debut “Trading Cards”
- Donald Trump’s Past Skepticism vs. Current Crypto Engagement
In a recent disclosure filed with the Office of Government Ethics, former President Donald Trump revealed a substantial Ethereum ETH/USD holding in his portfolio. The filing outlined Donald Trump’s assets and income sources, with the second-to-last entry of the 82-page form mentioning a cryptocurrency wallet tied to Ethereum, valued between $250,000 and $500,000.
I am not a fan of Bitcoin and other Cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air. Unregulated Crypto Assets can facilitate unlawful behavior, including drug trade and other illegal activity….
— Donald J. Trump (@realDonaldTrump) July 12, 2019
This wallet is believed to be linked to a collection of non-fungible tokens (NFTs). Notably, Donald Trump’s debut NFT collection was announced in December 2022, featuring digital “trading cards” with cartoon-style illustrations of him in heroic poses and outfits. The collection boasted unique cards, including depictions of Trump in a spacesuit with sunglasses and as a superhero emitting laser beams from his eyes.
As of now, there is no indication that Donald Trump has liquidated his ETH holdings. Additionally, in July, Donald Trump disclosed details about CIC Digital LLC, a company earning licensing fees by using his likeness on NFTs. The disclosure revealed that CIC Digital LLC holds a US bank account with a balance of under $1,000.
Interestingly, this situation highlights Donald Trump’s earlier skepticism toward cryptocurrencies. In 2019, he voiced his lack of enthusiasm for Bitcoin BTC/USD and other cryptocurrencies, dismissing them as not constituting real money and characterized by volatile value ‘based on thin air.
