Editor's PiCK
"40% of Trump's Wealth is in Cryptocurrency... Surged in Recent Months"
Summary
- BeInCrypto reported that an analysis suggested up to 40% of President Trump's wealth is in cryptocurrency assets.
- The key cryptocurrency assets are OfficialTrump (TRUMP) and World Liberty Financial (WLFI), with most WLFI profits reportedly going to the Trump family.
- However, it is difficult to accurately determine the total amount of cryptocurrency assets he holds due to price volatility and unclear holdings.
An analysis has suggested that about 40% of the wealth of Donald Trump, the President of the United States, is related to cryptocurrency assets.
According to BeInCrypto on the 30th (local time), the U.S. nonprofit organization Save Democracy Defend Freedom (SDDF) recently reported that "cryptocurrency could account for up to 37% of President Trump's wealth." SDDF stated, "As President Trump's businesses have successively entered the cryptocurrency business, he has accumulated considerable wealth in just a few months."
The main sources of cryptocurrency assets held by President Trump are considered to be the meme coin OfficialTrump (TRUMP) and World Liberty Financial (WLFI). It is particularly known that most of WLFI's profits go to the Trump family. BeInCrypto reported, "However, it is difficult to accurately determine President Trump's (cryptocurrency) assets," as "the price of OfficialTrump is constantly fluctuating, and it is unclear how many tokens President Trump actually holds."
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul![[Today’s Key Economic & Crypto Calendar] Atlanta Fed GDPNow, More](https://media.bloomingbit.io/static/news/brief_en.webp?w=250)
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