What's the Value of Donald Trump's Cryptocurrency Holdings?
Dec 12, 2024 at 9:30 AM
President-elect Donald Trump has been making significant waves in the cryptocurrency arena. His journey from initially condemning Bitcoin (BTC) to wholeheartedly embracing it has drawn widespread attention. With several attributing Bitcoin's $100,000 milestone to him, the former president has taken full credit for this remarkable achievement.
Highlighting the Market Surge
Noting the king coin's 50% increase since his election win, Trump exclaimed, "CONGRATULATIONS BITCOINERS!!! $100,000!!! YOU’RE WELCOME!!! Together, we will Make America Great Again!" However, a crucial question remains - did Trump actually make any profits from this recent market upswing?Exploring Trump's Portfolio
It appears that Trump has a preference for altcoins and meme cryptocurrencies rather than Bitcoin. Recent data shows that his portfolio was valued at just $1.5 million last week, but it has now grown to $8.3 million. This significant surge is notable considering his investment in smaller assets.Ethereum (ETH), the second-largest cryptocurrency, has long been at the top of the list. But recent data reveals that Trump's largest investment is now TROG, a meme coin centered around frogs. He currently holds 210.345 billion TROG, which is worth approximately $2.54 million.Also, Trump's second-largest cryptocurrency holding is Ethereum. With about 495.672 ETH, his Ethereum holdings are worth around $1.92 million. In addition, he owns $1.86 million in wrapped ETH (WETH).Apart from these, the future President also holds a cryptocurrency that bears his name. Previously, the TRUMP token was at the top of the list. However, the asset has reportedly lost 70% of its value. Currently in the fourth position, the President-elect holds 579K TRUMP tokens worth $990.59K.Bitcoin and Dogecoin's Prospects
Despite Bitcoin's ascent beyond the highly coveted $100,000 level, Trump seems hesitant about investing in BTC. Additionally, the cryptocurrency community is hoping that Elon Musk will persuade Trump to purchase the original meme cryptocurrency Dogecoin (DOGE). The world's richest man is set to join Trump's administration in the coming year through a new team called DOGE.In conclusion, Trump's foray into the cryptocurrency world is a fascinating topic that continues to generate much interest and speculation. His portfolio choices and actions have the potential to significantly impact the cryptocurrency market.