According to a series of new reports, President Trump’s crypto holdings may be a significant chunk of his total wealth. Bloomberg estimates at least $620 million in token holdings, but this isn’t the full picture.
The President’s family earns huge revenues from World Liberty Financial and such ventures, but crypto is becoming integrated into his various companies and real estate projects. These investments may be propping up Trump’s fortune.
President Trump’s Crypto Empire
Over the last few months, President Trump and his family have earned a lot of money from various crypto ventures. This has raised a lot of political controversy, but it’s been difficult to gather hard data on the subject.
According to a new report from Bloomberg, crypto holdings likely represent at least $620 million of his total net worth:
Unfortunately, this may be an oversimplified picture. To be sure, companies are investing huge amounts in World Liberty Financial and other ventures.
However, Trump’s crypto empire is a very complicated system. Different constituent companies are not always certain who owns what. In other words, firms like Trump Media also have substantial exposure.
Instead, the New York Times posited a slightly different view, nonetheless anchored in the same core fact: real estate holdings are representing less and less of Trump’s wealth.
It extensively detailed various setbacks in everything from rental properties to golf courses, showing massive income holes. Crypto is now the main engine helping Trump plug this gap.
Case in point, the recent Trump International Hotel and Tower in Dubai helpfully illustrates crypto’s integration with all levels of his business.
As the sitting US President, he has an immense ability to set crypto policy. This makes Trump an attractive investment option for companies looking to re-enter the US market.
Still, it bears repeating that this is all extremely irregular. Presidents aren’t supposed to engage in private enterprise, but Trump’s crypto empire is gathering vast sums of money.
Moreover, this might actually put a target on the crypto industry’s back. If the industry gets perceived as a vehicle for political favors, it could lead to blowback on everyone.
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