[NEWS] Former US President Trump is found to hold up to 70 million yen worth of Ethereum

It has been revealed that former US President Donald Trump has between $250,000 (approximately ¥36.4 million) and $500,000 (approximately ¥72.7 million) worth of Ethereum (ETH) in his cryptocurrency (virtual currency) wallet. This was revealed in financial records released recently.

On page 81, number 25.2 of the released financial records, the cryptocurrency wallet is listed as "Cryptocurrency Wallet (Ethereum)" and the value is reported as "$250,001 to $500,000".

Trump released his official NFT collection "Trump Digital Trading Cards" with multiple benefits in December last year. This NFT collection, which features multiple costumes such as a super pillow and an astronaut, could be purchased for $99 each. In April of this year, the second installment of the collection was released and sold out within a few hours.

This NFT collection could be paid for by credit card or cryptocurrency. Therefore, it is possible that the Ethereum he holds is part of his profits.

Trump has often been skeptical of cryptocurrencies in the past. In fact, he has questioned the value of Bitcoin (BTC) in the past.

In addition, in an interview with FOX Business in 2021, he said that Bitcoin is "like a scam." At that time, Trump continued, "Bitcoin could dilute the importance of the US dollar. The US dollar should be the world's base currency."

There have been many cases of lawmakers in the United States holding cryptocurrencies.

Recently, it has been revealed that Robert F. Kennedy Jr., who is running as a Democratic candidate in the next US presidential election, holds about $250,000 worth of Bitcoin.

He has taken a relatively positive stance on cryptocurrencies, which is relatively rare for a Democratic lawmaker, claiming at a conference that he will protect the rights related to Bitcoin, etc. Miami Mayor Francis Suarez, who also ran as a Republican presidential candidate, is known to be a supporter of cryptocurrencies.

He has a very positive stance on the use of cryptocurrencies, including expressing his intention to receive his entire salary in Bitcoin in the past.

Reference:Financial records
Image: Shutterstock