Trump's Crypto Fortune: More Than Just Hype?
USAThu Jan 23 2025
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Donald Trump recently launched a digital meme, reportedly adding billions to his fortune overnight. But hold on—those numbers are based on theoretical crypto prices that can't be cashed out yet. Forbes values them at zero. However, crypto assets Trump has sold did boost his real cash. Take World Liberty Financial, for instance. It raised around $290 million for Trump, selling tokens that promise no profits for buyers. A crypto entrepreneur helped by investing $30 million. Sales peaked just before Trump’s inauguration, adding more to his pile. He also launched $TRUMP memes, selling 200 million and potentially earning $700 million. It's unclear exactly how much he pocketed, but it's clear he's making a splash in the crypto world. Trump has found a new way to make money from politics, using crypto to get liquid cash fast. Before crypto, he had around $413 million but a lot of legal debts. Now, with crypto, he’s making money faster than ever, which might help him with those debts.
https://localnews.ai/article/trumps-crypto-fortune-more-than-just-hype-6970fa4
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