Greedy Donald Trump will hit the jackpot of $6,4 billion on cryptocurrencies
Cryptocurrencies will make greedy US President Donald Trump rich, bringing him $6,4 billion in profit over four years.
The New Yorker journalists analyzed Donald’s sources of income and came to the conclusion that two of Trump’s companies benefit from the digital asset business:
- Trump Media & Technology Group;
- CIC Digital.
Trump Media & Technology Group has raised over $2,3 billion to buy Bitcoin and now owns $3,1 billion worth of BTC. Given the amount of shares Trump owns in the company, he could be looking at $1,3 billion worth of coins right now.
By the end of the presidential term in 2029, this amount will increase to $3 billion due to the likely increase in the Bitcoin rate and the amount of investment in digital assets, using funds earned for servicing shares of cryptocurrency. ETF, which are only currently planned for release.
Trump’s CIC Digital also made $385 million in revenue from the OFFICIAL TRUMP (TRUMP) and Official Melania (MELANIA) memecoins created shortly after his inauguration on January 20. The company made a killing by publicly selling the coins and keeping a portion of the fees traders pay to trade the meme tokens on the little-known Meteora exchange and other platforms. By January 2029, CIC Digital should have made $3,4 billion from the sale of TRUMP and MELANIA and the fees it receives, which will go straight into the president’s pocket.
TRUMP on the list of leading memecoins by capitalization
