Donald Trump, the same guy unable to separate himself from bold statements and golden towers, has dipped his toes into the wild world of cryptocurrency. From the various reports recently published, it has been revealed that the former president invested a heavy amount in digital coins, though not quite as expected.
Although he was quite loud about Bitcoin, Trump's crypto wallet unfolds a completely different story.
He has zero Bitcoin!
Instead, he is loaded up on Ethereum and some lesser-known coins with funny names. That's kind of like going to a nice restaurant and ordering chicken nuggets: unexpected but intriguing.
Million-dollar crypto stash for Trump, but it's just pocket change looking at his total wealth. Still, it had been sweet to watch a high-profile politician getting into this new technology. He has largely changed his wallet to Ethereum, along with some coins named after himself and even a frog-themed token.
It is a mix as colored as his personality.
He has been lately touting Bitcoin quite a lot, even attending a Bitcoin conference. He has made a number of statements about mining all remaining Bitcoin in the USA and using it to solve the country's problems with its currency. But it's not what you say, it's what you do, his personal investments run completely opposite to his lip service for Bitcoin in public.
This puts some eyebrows up. Is Trump telling Bitcoin fans what they want to hear, or does he actually believe in it? His investment choices prove that he might be interested more in fast profit from small coins rather than Bitcoins and their long-term pros.
Trump's foray into crypto serves as a harbinger of digital money's entry into the mainstream. When a former President is purchasing meme coins, you do realize how things have changed, that even old-school businessmen have started seeing promise in this new type of money.
Though exciting, the case of Trump's crypto adventure shall always remind one, that investing in digital coins can indeed be very dangerous. The prices of these coins are changing faster than Trump sends a tweet. It is no place to be faint-hearted or for people who cannot afford to lose their money.
Posted Using InLeo Alpha