In the latest review conducted this morning, as of May 27, former US President and candidate Donald Trump’s on-chain data revealed that the value of his cryptocurrency assets has exceeded the $10 million mark. This situation has attracted the attention of the entire world.
Donald Trump and Cryptocurrency Investments
The rise in Trump’s portfolio is largely attributed to the extraordinary performance of the $TRUMP coin, which has gained attention since the election campaigns intensified.
According to data provided by ArkhamIntel, the value of assets from the $TRUMP coin alone indicates $7.3 million, representing a significant portion of his portfolio.
The $TRUMP coin, created with the former president in mind, has seen remarkable increases recently. The rise is thought to be significantly influenced by Trump’s supporters and investors looking to benefit from the cryptocurrency’s association with Trump.
Current State of the Cryptocurrency Market
Trump has highlighted cryptocurrencies in many of his recent campaign speeches. Historically, Trump has been seen to act with a complex mindset. In 2019, Trump expressed a skeptical approach towards Bitcoin and other cryptocurrencies, but he has recently adopted a more optimistic stance.
In an event earlier this month, Trump acknowledged the potential significant impacts of blockchain technology and digital assets in the financial environment. He also emphasized the importance of innovation, technological advancements, and being a pioneer.
In a statement on Truth Social, a social media platform owned by Trump Media and Technology Group, on May 25, Trump said:
Our country must lead in this area; there is no second place. We need to embrace the future of finance. Blockchain and cryptocurrencies offer new opportunities for growth and efficiency. To ensure our country remains a global leader, we must explore and utilize these innovations.
Additionally, it was reported that on May 21, as part of Trump’s election campaign, cryptocurrency donations began to be accepted through Coinbase Commerce.
