New financial disclosures show former President Donald Trump owns more cryptocurrency than first publicly known. In documents filed with the US government on August 15, Trump said Ethereum, It shows holdings of up to $2.8 million in cryptocurrency, including USDC and wETH. That’s significantly more than the $500,000 in digital assets Trump previously disclosed.
It comes as the cryptocurrency market faces a bear market, with Bitcoin and Ethereum falling sharply from their all-time highs. It is unclear why Trump chose to invest in cryptocurrency at this time, but he sees it as a long-term investment.
Trump’s investment in cryptocurrency has been met with mixed reactions. Some have praised him for his willingness to invest in innovative technology, while others have criticized him for his lack of understanding of the risks involved.
Only time will tell if Trump’s investment in cryptocurrency pays off. However, New revelations show that he is a more prominent player in the crypto market than previously thought.