The president-elect has earned millions in income through his cryptocurrency investments, while promoting an ambitious vision of turning the United States into the crypto capital of the world.
President-elect Donald Trump racked up nearly $84 million in income from his cryptocurrency investments over the past 24 months, according to Blockworks.
In December 2022, Trump launched his first collection of digital objects priced at $99 each. In a period of 24 hours, the NFTs were sold out, generating $4.5 million. These trading cards offered a variety of images of Trump as an astronaut, race car driver, and even a superhero. Investors in this first collection had the opportunity to win exclusive dinners, golf sessions with Trump at Mar-a-Lago, Florida, or Zoom meetings with the incoming president.
Additionally, Trump earned $7.7 million from four series of digital collectibles on the Polygon network, through royalties and secondary sales.
More data on Trump’s investments
Although your company World Liberty Financial As the crypto sector continues to raise funds, the former TV star also raised approximately $240,500 from transfer taxes related to Trump-themed meme coins called “DT Inu” and “Take America Back.”
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At the conference of Bitcoin held this year in Nashville, Trump promised to turn the United States into a “cryptocurrency capital” and be the country’s first crypto president. His campaign promises include the creation of a national strategic cryptocurrency reserve and a commitment to free Silk Road founder and iconic cryptocurrency figure Ross Ulbricht.
Last week, Federal Reserve Chairman Jerome Powell rejected the idea that the US could hold bitcoin in reserve. “We are not allowed to own bitcoin,” Powell said. “The Federal Reserve Act specifies what we can own, and we are not seeking a change in the law. That is something for Congress to consider, but it is not something the Fed is requesting.”
Source: Ambito
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