Donald Trump owns about 8% of his net worth invested in Bitcoin and other cryptocurrencies, indicating that his personal interest lies not only in politics but also in finance.
MAIN CONTENT
About 8% of Trump's net worth is in cryptocurrency, with a total estimated asset value of $6.4 billion.
World Liberty Financial is central to Trump's cryptocurrency portfolio, having raised over $550 million.
Trump expands cryptocurrency investment through stablecoin USD1, TRUMP Token, and enters the cryptocurrency mining industry.
How does Donald Trump hold cryptocurrency assets?
Donald Trump currently has about 8% of his net worth invested in Bitcoin and other cryptocurrency assets, out of an estimated total net worth of $6.4 billion. Besides real estate and shares in Truth Social media company, cryptocurrency is becoming an important part of his portfolio.
He owns more than 19 real estate assets, each worth over $50 million, while the cryptocurrency portfolio increasingly enhances liquidity and value within his total assets.
What role does World Liberty Financial play in Trump's cryptocurrency portfolio?
World Liberty Financial (WLFI) is Trump's central cryptocurrency project, having raised over $550 million from Token sales. Of that, $390 million has been transferred directly to the Trump family.
The Trump family also owns 22.5 billion WLFI Tokens, estimated to be worth around $2 billion, but since the Tokens are not transferable, they are not counted as official assets.
"World Liberty Financial is the first strategic step to make cryptocurrency an important asset in our portfolio."
Jason Klein, CEO WLFI, 2023
What other prominent cryptocurrency assets are in Trump's portfolio?
In addition to WLFI, Trump also owns two other important cryptocurrencies: stablecoin USD1 and TRUMP memecoin. These are the assets that have created the majority of the cryptocurrency value in his portfolio.
What are the characteristics of the USD1 Stablecoin?
USD1 is a stablecoin with a market capitalization exceeding $2.2 billion and a 24-hour trading volume of over $1.5 billion. Annual revenue from USD1's reserves reaches about $100 million.
TRUMP Memecoin and its role in the portfolio
The TRUMP Token has a market capitalization of $1.79 billion and a trading volume of $269 million in 24 hours. The total supply is currently 1 billion Tokens, of which 80% is controlled by CIC Digital, closely associated with the Trump organization.
How did Trump expand into the cryptocurrency mining industry?
Donald Trump owns 20% of American Bitcoin, a US cryptocurrency mining company that recently merged with Gryphon Digital Mining, valued at over $3 billion.
With this move, Trump is not only investing in cryptocurrency but also directly engaging deeply in the cryptocurrency mining industry, creating diversity in his portfolio.
"The expansion into cryptocurrency mining is a sign that Trump sees cryptocurrency as a long-term investment channel with profit potential."
Steve Michaels, Cryptocurrency Market Analyst, 2024
Summary of Donald Trump's cryptocurrency investment portfolio
Previously, Donald Trump's support for cryptocurrency was often viewed from a political perspective, but with over $500 million in direct investment and billions in Token value, cryptocurrency is now an indispensable part of his personal assets.
With diverse development through various Tokens and mining, Trump's cryptocurrency portfolio is seen as one of the prominent cryptocurrency investment portfolios among global politicians.
Frequently Asked Questions
How much cryptocurrency investment does Donald Trump currently have? He has about 8% of his net worth, equivalent to over $500 million invested in Bitcoin and other cryptocurrency assets. What is World Liberty Financial and how important is it? WLFI is the main cryptocurrency project in Trump's portfolio, having raised over $550 million, of which $390 million was transferred directly to his family. How do USD1 Stablecoin and TRUMP Memecoin differ? USD1 is a stablecoin with a large market and high trading volume, while TRUMP memecoin is a Token with a limited supply controlled by a company related to Trump. Is Trump involved in the cryptocurrency mining industry? He owns 20% of American Bitcoin, a US cryptocurrency mining company valued at over $3 billion. How does Trump's cryptocurrency portfolio affect politics? Cryptocurrency investment has become an important part of Trump's personal assets, contributing to increasing public attention during election cycles.
Source: https://tintucbitcoin.com/donald-trump-tien-dien-tu-chiem-8/
Thank you for reading this article!
Please Like, Comment, and Follow TinTucBitcoin to stay updated with the latest news on the cryptocurrency market and not miss any important information!
