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The Trump Family's Crypto Assets Surge to $1.4 Billion—How Cryptocurrencies Became One-Fifth of Their Fortune
Source: CryptoNewsNet Original Title: The Trump Family’s Fortune Revealed! How Much of It Is in Cryptocurrencies? Here Are the Details Original Link: According to Bloomberg, the Trump family’s net worth has reached $6.8 billion, with cryptocurrency assets now accounting for approximately one-fifth of that wealth.
Earnings from cryptocurrencies have added approximately $1.4 billion to the family’s fortune over the past year. This marks the first time that the share of crypto assets in their total wealth has reached this level.
The family generated significant income from new ventures in the crypto sector. Key contributors to this growth include World Liberty Financial, a cryptocurrency platform co-founded by the Trump family, meme coin projects bearing the Trump name, and American Bitcoin Corp, a Bitcoin mining company. The article highlights the remarkable increases in the value of World Liberty Financial’s platform token and its stablecoin, USD1.
In contrast, the Trump family’s investments in media have shown a negative trend. Shares in Trump Media & Technology Group have lost 66% of their value in the last 12 months, offsetting some of the gains made in crypto assets.
The report also stated that family members, through their venture capital firm 1789 Capital, have invested in large technology companies like SpaceX, and that the Trump Group has expanded its global real estate licensing activities. A White House press spokesperson stated that the administration aims to make the U.S. the world’s cryptocurrency capital hub through executive steps and policies.
Experts say this rapid shift in the Trump family’s wealth reflects both the growing influence of cryptocurrency markets and the increasing interest of political figures in digital assets.