Donald Trump Made Over $7 Million From NFTs And Cryptocurrency

Trump turned scandals into millions: how the former US president made more than $7 million on NFT sales and is now betting on cryptocurrencies in his election campaign.

Former US President Donald Trump continues to be active in the world of digital assets, showing success in the cryptocurrency and non-fungible token (NFT) markets. According to new financial reports, Trump owns up to $5 million worth of crypto assets and has already earned more than $7 million from his three NFT collections.

The data comes from Citizens for Ethics, an ethics watchdog, and the report found that Trump owns between $1 million and $5 million in Ethereum-based cryptocurrency. What’s more, he has earned over $7.15 million in NFT sales. Among the collections are a “Mugshot” project dedicated to his criminal convictions and two other series of trading cards featuring Trump himself.

On July 16, Trump hinted at the possibility of a fourth NFT series, emphasizing that “people want” more of these collections. Most recently, on August 1, the former president released a limited edition of “official crypto sneakers” consisting of 1,000 orange pairs that sold out in a matter of hours, despite being priced at $499 per pair.

According to analytics platform Arkham Intelligence, the current value of Trump's Ethereum-based crypto assets is around $3.5 million. This financial success stands in stark contrast to August 2023 data, when Trump reported owning more than $2.8 million in crypto assets and more than $4.8 million in NFT revenue.

Once a critic of Bitcoin and cryptocurrencies, Trump is now a vocal supporter of digital assets. In recent months, he has made a pro-crypto stance one of the key themes of his 2024 presidential campaign. At the Bitcoin 2024 conference in Nashville, Trump promised to create a national Bitcoin reserve and turn the U.S. into the “crypto capital of the world” by implementing crypto-friendly policies if elected president.

Author's opinion. There are people who have a rare talent for turning their problems and failures into sources of income. Donald Trump is a shining example of this skill. Who else would have thought to issue NFTs inspired by his criminal convictions? Some people hate them for their audacity and fearlessness, others admire their unconventional approach to life. But, of course, the most accurate word to describe Trump is “unsinkable.” There is a popular expression that describes a substance that does not sink, and it fits it perfectly.

However, this is not a call to buy NFTs or invest in cryptocurrencies. Sometimes it’s just worth recognizing that such people really do know how to not only stay afloat, but also make money in the most unexpected circumstances.

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