Donald Trump Reportedly Holds Over $1M in Cryptocurrency, Plans to Make US a Crypto Superpower

This revelation comes from a recent financial disclosure.

Former President Donald Trump, who once called cryptocurrency a “scam,” now reportedly holds more than $1 million in digital assets, according to a recent financial disclosure.

The disclosure indicates that Trump has a crypto wallet and a “virtual Ethereum key” valued between $1 million and $5 million, CNN reports.

Trump's perspective on cryptocurrency appears to have significantly shifted. He has launched several non-fungible token (NFT) collections and has expressed plans to transform the U.S. into a crypto superpower if he secures another term in office.

At the Bitcoin 2024 conference in Nashville last month, Trump announced that the U.S. would no longer sell its seized Bitcoin and would instead keep it as an investment.

“This afternoon I’m laying out my plan to ensure that the United States will be the crypto capital of the planet and the Bitcoin superpower of the world and we’ll get it done,” he said during the conference.

Trump also criticized President Joe Biden and Vice President Kamala Harris' administration's approach to cryptocurrency and Bitcoin, stating, "The Biden-Harris administration's repression of crypto and Bitcoin is wrong and it's very bad for our country."

Trump's shift in stance towards cryptocurrency is noteworthy given his past skepticism. His increasing involvement in the crypto space, despite his legal troubles, underscores the growing acceptance and mainstream adoption of digital assets.

His plans to make the U.S. a crypto superpower, if realized, could potentially influence the country's regulatory landscape and position in the global crypto market.

Furthermore, his decision to hold seized Bitcoin as an investment reflects a strategic move that could potentially yield significant returns, given the volatile yet upward trend of Bitcoin's value.

This development is a clear indication of the changing attitudes towards cryptocurrency, even among its former critics.

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