Why Donald Trump Is Betting on Crypto — A Look Into His Current Crypto Portfolio

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But Trump has not always been pro-crypto. Just five years ago, Trump was a vocal critic of digital currency — tweeting, "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…"

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As recently as May 21, 2024, Trump's team announced they would accept crypto as a donation method to support his campaign. Trump included at the Bitcoin 2024 conference they have raised over $25 million, mainly in the form of Bitcoin (BTC), since their announcement. 

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Although that number is impressive, his wallet's current evaluation is down over 70% from $30 million in June earlier this year. Trump's largest holdings consist of $3.2 million of TRUMP (MAGA), $1.7 million of ETH, $1.3 million of Wrapped Ethereum (WETH), and nearly $1 million of Trump Frog (TROG). Although this is a large sum of money to the average person, there's speculation that Trump holds much more crypto in undisclosed wallets. 

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