{"id":8819,"date":"2024-05-28T04:20:15","date_gmt":"2024-05-28T04:20:15","guid":{"rendered":"https:\/\/www.cryptometer.io\/news\/?p=8819"},"modified":"2024-05-28T04:20:18","modified_gmt":"2024-05-28T04:20:18","slug":"donald-trumps-crypto-holdings-reach-10-million","status":"publish","type":"post","link":"https:\/\/www.cryptometer.io\/news\/donald-trumps-crypto-holdings-reach-10-million\/","title":{"rendered":"Donald Trump&#8217;s Crypto Holdings Reach $10 Million"},"content":{"rendered":"\n<p>Former U.S. President and current presidential candidate Donald Trump\u2019s cryptocurrency holdings surpassed $10 million on Monday morning, according to crypto analytics firm Arkham Intelligence. The bulk of his portfolio, amounting to $7.3 million, is invested in the TRUMP coin. This surge in value marks a significant milestone in Trump\u2019s financial ventures within the crypto space.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Shifting Stance on Cryptocurrencies<\/h3>\n\n\n\n<p>Trump\u2019s position on cryptocurrencies has notably evolved. While he previously dismissed them during his presidency, labeling them as &#8220;not money&#8221; and &#8220;highly volatile,&#8221; his recent rhetoric has taken a supportive turn. Speaking at the Libertarian National Convention in Washington, D.C., Trump pledged to halt President Joe Biden\u2019s anti-crypto initiatives and ensure that the future of bitcoin and other cryptocurrencies is rooted in the United States. He also vowed to support self-custody rights and oppose the creation of a central bank digital currency (CBDC). Additionally, Trump promised to advocate for the release of Ross Ulbricht, the founder of the Silk Road marketplace.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Impact on TRUMP Coin<\/h3>\n\n\n\n<p>Following his remarks at the Libertarian convention, the TRUMP coin experienced a 31.7% surge against the U.S. dollar within 24 hours. This rapid increase highlights the influence of Trump\u2019s endorsements and his growing involvement in the crypto industry.<\/p>\n\n\n\n<p>Also Read: <a href=\"https:\/\/www.cryptometer.io\/news\/trader-nets-2-7m-profit-in-3-days-with-trump-themed-maga-memecoin\/\">Trader Nets $2.7M Profit in 3 Days with Trump-Themed MAGA Memecoin<\/a><\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Campaign Accepts Crypto Donations<\/h3>\n\n\n\n<p>In a further demonstration of his commitment to the crypto space, Trump\u2019s campaign has begun accepting cryptocurrency donations through Coinbase. This move aligns with his recent supportive comments and actions related to digital assets.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Historical and Future Implications<\/h3>\n\n\n\n<p>Trump\u2019s recent activities in the crypto sphere are not his first. During his administration, bitcoin futures were approved, earning him the label of America\u2019s first crypto president from former Commodity Futures Trading Commission (CFTC) Chairman Christopher Giancarlo. Since leaving office, Trump has launched three non-fungible token (NFT) collections and has acknowledged bitcoin&#8217;s growing acceptance and value.<\/p>\n\n\n\n<p>Analysts suggest that Trump\u2019s potential return to the White House could be beneficial for the crypto industry. For instance, Standard Chartered Bank believes that a second Trump term would be \u201cbroadly positive\u201d for cryptocurrencies.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Former U.S. President and current presidential candidate Donald Trump\u2019s cryptocurrency holdings surpassed $10 million on Monday morning, according to crypto analytics firm Arkham Intelligence. The bulk of his portfolio, amounting to $7.3 million, is invested in the TRUMP coin. This surge in value marks a significant milestone in Trump\u2019s financial ventures within the crypto space. [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":8820,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[43],"tags":[],"class_list":{"0":"post-8819","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-general-news"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.2 (Yoast SEO v27.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Donald Trump&#039;s Crypto Holdings Reach $10 Million<\/title>\n<meta name=\"description\" content=\"Former U.S. President and current presidential candidate Donald Trump\u2019s cryptocurrency holdings surpassed $10 million on Monday morning, according to\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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