--- title: "After Calling Crypto a “Scam,” Donald Trump Now Owns Millions in Crypto" description: "Donald Trump's latest financial disclosure reveals something shocking: that the onetime Bitcoin hater is actually a crypto millionaire." date: "2024-08-19" modified: "2024-08-19" authors: - name: "Noor Al-Sibai" job_title: "Senior Staff Writer" link: "https://futurism.com/authors/nooralsibai" url: "https://futurism.com/the-byte/trump-bitcoin-crypto-millionaire" categories: - "Blockchain" - "Cryptocurrency" - "Future Society" tags: - "bitcoin" - "cryptocurrencies" - "donald trump" - "ethereum" - "politics" - "the digest" --- # After Calling Crypto a “Scam,” Donald Trump Now Owns Millions in Crypto ![Donald Trump's latest financial disclosure reveals something shocking: that the onetime Bitcoin hater is actually a crypto millionaire.]() *\Image: Johnnie Izquierdo for The Washington Post via Getty\* ## Invested Interest In his [latest financial disclosure](), former [Bitcoin hater Donald Trump]() was shown to have a lot of [bizarre assets]() — including millions of dollars worth of cryptocurrency assets. It's been just over three years since the GOP presidential candidate [took to *Fox Business*]() to declare that Bitcoin is a "scam" that is "competing against the dollar" after El Salvador's [crypto-crazy president]() moved to [accept it as legal tender](). Trump has since massively [changed his tune on crypto]() to pander to voters presumably. The former president and "Apprentice" host has not only [accepted millions in crypto donations]() for his latest presidential campaign, but has also, per the aforementioned disclosures, gotten into it himself. As [*Decrypt* notes]() based on the findings from the disclosure, the ex-prez owns somewhere between $1 and $5 million in Ethereum reportedly stored in a [hardware wallet](). Given crypto's inherent volatility, Trump's exact holdings can vary quite a bit in value. But given his considerable investment, the former president has made a full 180 since strongly opposing the tech, highlighting the weakness of his convictions. ## Wallet Wonder While the latest financial disclosure represents Trump's crypto holdings at the time of filing, the blockchain analysis firm [Arkham Intelligence]() notes on its database that the real estate mogul's entire wallet value is around $3.6 million. Along with his more than $1 million in Ethereum, Trump's wallet includes nearly an additional $1 million in what's known as "[Wrapped Ethereum]()," which is pegged to the value of Ethereum like a stablecoin pegged to the US Dollar. Beyond the Ethereum of it all, Trump also owns a bunch of random smaller coins. The most valuable of these is his roughly $360,000 stash of the [little-known meme coin Trog]() whose logo features a frog wearing a MAGA hat. To top it all off, the seemingly perennial presidential hopeful made more than $7 million in licensing fees from a company that sold non-fungible tokens (NFTs) with his likeness on them, all in the form of digital trading cards. As [*Gizmodo* reported]() in 2022 — when NFTs were still a thing — the company in question, known as NFT INT, had initially poorly plagiarized some of the branding in the initial drop, though that hasn't stopped the firm from going on to do two more and [planning a fourth]() for later this year. While it's [not exactly shocking]() that [Trump flip-flopped his crypto position](), it's especially telling to learn that he's all-in on the same [volatile currencies]() that he once railed against — especially given that the VP pick on the other side of the aisle [doesn't even own any normal stocks](). **More on Trump:** [*Donald Trump's Bizarre Lisp During Elon Musk Interview Prompts Health Concerns*]() ## Author At Futurism, I've often been drawn to unpacking the narratives that underlie technological, scientific and medical progress, with a special interest in areas of conflict and ambiguity that end up setting agendas and steering the fates of both elites and the hoi polloi. I'm a committed generalist, but I often find myself returning to work involving NASA and the private space sector, the effects of AI on media and society, and the mechanics of the pharmaceutical industry, with a specific focus on the spread of GLP-1 drugs like Ozempic and Wegovy. Prior to Futurism, I worked for publications ranging from Media Matters and Truthdig to Raw Story and Bustle. I'm also the author of "Myspace Scene Queens," a 2024 title in Instar Books' acclaimed "Remember the Internet" series. My work at Futurism has been cited by outlets including the New Yorker, Slate, Nieman Lab, the Verge, the MIT Technology Review, the Sunday Times, and the Daily Beast. I grew up in North Carolina, attended the University of North Carolina at Asheville, and now live in Brooklyn, New York. In my free time, I'm an avid reader and music fan; you can probably find me at a local poetry reading, concert, underground rave, or DJ set. I'm the proud parent of an ineffable orange cat named Mee-Mow. ### Author social links [Bluesky]()