Trump's Crypto Turnaround: From Skeptic to Million-Dollar Holder and Bitcoin Advocate

Former President Donald Trump now owns over $1 million in cryptocurrency. This is quite a shift, especially since he once called the technology a scam.

Recent financial disclosures show that Trump has more than $1 million in crypto assets. They also reveal he made $300,000 from selling Christian Bibles. That’s quite a diverse portfolio!

His crypto wallet and “virtual Ethereum key” are valued between $1 million and $5 million. During his presidency, he labeled cryptocurrency a “scam” and suggested that the Department of Justice should go after Bitcoin (BTC) for fraud.

However, Trump has changed his tune. He has launched several non-fungible token (NFT) collections, although the reviews have been mixed.

At the Bitcoin2024 conference in Nashville last month, Trump shared his vision. He stated that if elected, he would stop the U.S. from selling its seized Bitcoin on the open market. Instead, he plans to hold it as a strategic investment.

“This afternoon, I’m laying out my plan to ensure the United States will be the crypto capital of the planet and the Bitcoin superpower of the world,” he said. “If crypto is going to define the future, I want it to be mined, minted, and made in the USA.”

He emphasized the importance of holding Bitcoin, saying, “For too long, our government has violated the cardinal rule that every Bitcoiner knows by heart – never sell your Bitcoin.” He promised that if elected, his administration would keep 100% of all Bitcoin held by the government.

Earlier this year, Trump faced a jury of 12 New Yorkers and was found guilty of 34 felonies. This adds another layer to his complex narrative.