Topic: Donald Trump sells $2.4 million worth of ETH (Read 401 times)
Donald Trump is a person who has great influence in the American community, but he is also able to influence the rate of some cryptocurrencies, thanks to his financial sufficiency. I wouldn’t be surprised if, indeed, by selling my savings in Ethereum, the price changes dramatically, let's see what happens.
The truth has starting coming out where Donald trump saying or tweets against Bitcoin during his session that caused suddenly cryptocurrency market clash with a heavy dip(knowing that was politics), was more favorable to buy more with a short period of time market we recover back for profit.
It is an election year in which candidates are more sensitive to their sources of funding and to things that could harm their political future, and since Bitcoin is not one of the topics that may add points to you, they will not talk about it in the formulation of the election campaign, so we will not hear anything good or bad about it during this year from Trump or from Biden.
is this true donald trump really playing crypto currency. because the website link is not a popular and trusted portal.
if true, it's good news because many top people also use crypto currency. further strengthening the position of crypto currency in the world. and increasingly safe to use for investment. because regulation will grow if many top people invest in crypto currency.
Trump more than any other president in the US history knows how to take advantage of a business opportunity when he sees it, and while his posture towards this market has not been the best, since he is very openly in favor of a strong dollar, at the same time he is not going to let something like his ideology to hinder him to make as much money as possible, and while it is true that 2.4 millions is not much for someone like him, any amount that he can get is good news for him, especially since young voters seems to be very interested in this market and he could even gain some votes this way. if true, it's good news because many top people also use crypto currency. further strengthening the position of crypto currency in the world. and increasingly safe to use for investment. because regulation will grow if many top people invest in crypto currency.
He may have sensed that the ether was about to collapse. Because he knows or maybe he realizes that the future of this alkali market is at risk today, he either sold it or his personal can sell it for someone because he understands us a little more and has a thousand times more skilled people than us to advise him. . He knowingly gave his ether cell and In the current state of the market, the price of Bitcoin is decreasing day by day and increasing again. But let's see where the ETF will be approved. I heard that if the price goes down again after the approval, then the problem is that they have sold it now and maybe they can buy it. No one can understand his planning and he was not the American president.
I'm little confused bacause i don,t know DT involving with crypto or not.
Well we do not know but we do know he did sell his Ethereum. If he is a business man we must think he has many investments other than real estate. Crypto it just does make sense he would have it.
That is good thing he thinks Central Bank Digital Currency is dangerous. https://www.forbes.com/sites/saradorn/2024/02/02/trump-calls-central-bank-digital-currency-very-dangerous-after-vowing-to-prohibit-feds-digital-dollar/
is this true donald trump really playing crypto currency. because the website link is not a popular and trusted portal.
if true, it's good news because many top people also use crypto currency. further strengthening the position of crypto currency in the world. and increasingly safe to use for investment. because regulation will grow if many top people invest in crypto currency.
if true, it's good news because many top people also use crypto currency. further strengthening the position of crypto currency in the world. and increasingly safe to use for investment. because regulation will grow if many top people invest in crypto currency.
Whether Trump was directly affiliated to the project or not, for a fact that he accepted royalty from it ties him to it. This is why I don't want to believe any influential businessman who tells us that he has no crypto earnings. For me, that's a big lie. It's the same way I don't believe that Warren Buffett doesn't do too. The old dude is a shrewd businessman. There's no way he won't put money in what in today's world is a money spinner, the digital gold.
I've no doubts, Donald is capable of storing such gigantic pieces of ETH in his cold wallets, he ensure his activities are done in discreet ways. These multi-billionaires have what it takes to reach the major phases in crypto, they gather quite enough substantial profits, they always level up their game because they're the top whales in the market, a single buy can trigger the huge pump of a project and huge sell trigger will definitely affect the coin. Donald Trump have played a major role in the existence of most of these coins.
I'm little confused bacause i don,t know DT involving with crypto or not.
The team did it on coinbase most probably a swap so they don't have to worry about learning anything.
But however be the past statements of Trump that were made like 5 years ago, he's known to be a populist leader and he'll speak what he thinks would resonate with the larger group of people. In a recent 18th January campaign speech, he claimed . “As your president, I will never allow the creation of a central bank digital currency. This would be a dangerous threat to freedom, and I will stop it from coming to America.”
I'm not sure if he fully understands what he's saying or the statement is written by Ramaswami or other crypto experts in republican team but that's one of the most progressive thought about importance of cryptocurrencies as they are.
We can't depict if he's serious with that statement or he understands anything with those terms as if he's an expert or had a basic knowledge of what he's saying. Typically, with these speeches, they've got writers and they're part of their marketing so maybe on that area where he conveyed that speech, there are a lot of people that are into campaigning against CBDC. But we can just talk about the money here that's sold or it's also related now to his speeches and campaigning since it's the hot thing that's gonna be awaited for in the US for this year until the voting comes.But however be the past statements of Trump that were made like 5 years ago, he's known to be a populist leader and he'll speak what he thinks would resonate with the larger group of people. In a recent 18th January campaign speech, he claimed . “As your president, I will never allow the creation of a central bank digital currency. This would be a dangerous threat to freedom, and I will stop it from coming to America.”
I'm not sure if he fully understands what he's saying or the statement is written by Ramaswami or other crypto experts in republican team but that's one of the most progressive thought about importance of cryptocurrencies as they are.
Thankfully USA is not a dictatorship and one person (even if that person is the president) can't just up and change the law all that easily, he can do small stuff but even in that case Supreme court could just easily overrule him. I bet that he is going to end up with something that will benefit himself, and looks like crypto is benefiting him as much as he could hope for.
I was shock when first time i see this news and have many question in my head\
But i read in detail, i know i have no question anymore
But i read in detail, i know i have no question anymore
The issue is not that he sold ETH what he has the issue is why the market did not dump because it is a negative news and the negative news often dump the, then the market would have been known as ETH a big coin. Yes, but we did not see any reaction of the market to this news. The impression that was there maintained on the market and then there is also the ethereum token which is second only to BTC, but we didn't see any changes.
If he sold 2.4 million dollars worth of Ethereum, that is his choice, and we have nothing to do with it. And whatever his reason is, we're out of there on the other side. Because all the holders have a valid reason why they sold.
And maybe one of the reasons why he sold it is that he may have seen that his profit was big, so he took it out and changed it to their fiat, and this may be the reason, but I think it's just because this Trump is a business-minded person.
And maybe one of the reasons why he sold it is that he may have seen that his profit was big, so he took it out and changed it to their fiat, and this may be the reason, but I think it's just because this Trump is a business-minded person.
This is a good news in the cryptocurrency ecosystem world because foe a politician to use cryptocurrency means cryptocurrency will be adopted in the world wide when such leaders are finally voted in to the leadership positions. Donald Trump who is a Presidential Candidate for the world power country using cryptocurrency then when he becomes the President of the country then the adoptation of bitcoin is guaranteed in the country and once USA adopt bitcoin to be a legal tender currency in the country then many other countries will follow up to adopt it.
Many countries have not said anything about cryptocurrency in their countries because they are still in the confusion stage to know if really bitcoin or other cryptocurrencies are good to accept so for USA to accept cryptocurrency in their country many will follow.
Many countries have not said anything about cryptocurrency in their countries because they are still in the confusion stage to know if really bitcoin or other cryptocurrencies are good to accept so for USA to accept cryptocurrency in their country many will follow.
~snip~
The team did it on coinbase most probably a swap so they don't have to worry about learning anything.
But however be the past statements of Trump that were made like 5 years ago, he's known to be a populist leader and he'll speak what he thinks would resonate with the larger group of people. In a recent 18th January campaign speech, he claimed . “As your president, I will never allow the creation of a central bank digital currency. This would be a dangerous threat to freedom, and I will stop it from coming to America.”
I'm not sure if he fully understands what he's saying or the statement is written by Ramaswami or other crypto experts in republican team but that's one of the most progressive thought about importance of cryptocurrencies as they are.
Well this does not make such that big difference to me. The man is a Billionaire and we must think he has more Eth then just those he got from the NFT sales. I think he does hodl Bitcoin but does not talk about it.
But Donald Trump also did say he does not like the idea of Central Bank Digital Currency. So maybe he is a fan of crypto then and we do not know it. I think he does have some crypto investments just not telling every one about it.
Maybe yes but we can't really tell if he's in but if he does then that's something new for most of us because we just knew him as a plain businessman and was an ex-president that's running again for the post. But Donald Trump also did say he does not like the idea of Central Bank Digital Currency. So maybe he is a fan of crypto then and we do not know it. I think he does have some crypto investments just not telling every one about it.
Well this does not make such that big difference to me. The man is a Billionaire and we must think he has more Eth then just those he got from the NFT sales. I think he does hodl Bitcoin but does not talk about it.
But Donald Trump also did say he does not like the idea of Central Bank Digital Currency. So maybe he is a fan of crypto then and we do not know it. I think he does have some crypto investments just not telling every one about it.
But Donald Trump also did say he does not like the idea of Central Bank Digital Currency. So maybe he is a fan of crypto then and we do not know it. I think he does have some crypto investments just not telling every one about it.
Presidential candidate and the most popular leader of the United States, Donald Trump is unsurprisingly not a huge fan of crypto but it's found that he has been profiting from the crypto riches.
The Ethereum came from a NFT on Trump theme. Though trump was not associated with the project, he got royalties from it in the form of Ethereum. The project is licensed from the Trump's company to use Trumps name and features. The royalties were over 1075 which the trump team recently sold for $2.4 million.
The use of crypto by presidential candidate is a sign of easing up with crypto and we could further see candidates accepting donations via crypto.
Lol, "donations" are campaign funds and they can't use that for personal gain, whereas if he sells his name, like this one, then he can do whatever he wants with that money. Considering he was just hit with a 83 million court case (which I am sure he won't pay) we can easily assume that he needs the money for lawyers if nothing else lol. I know that dude is a horrible human being, and he will not even pay the court fine that he has to pay, and he will still go for an election and there will be tens of millions of people who would vote for him. The Ethereum came from a NFT on Trump theme. Though trump was not associated with the project, he got royalties from it in the form of Ethereum. The project is licensed from the Trump's company to use Trumps name and features. The royalties were over 1075 which the trump team recently sold for $2.4 million.
The use of crypto by presidential candidate is a sign of easing up with crypto and we could further see candidates accepting donations via crypto.
This basically tells you the state of how elections are won, it is not about being a good person, it is all about populism and getting the votes, you can be the devil, and as long as you find enough people to vote, you will win.
Though trump was not associated with the project, he got royalties from it in the form of Ethereum.
Whether Trump was directly affiliated to the project or not, for a fact that he accepted royalty from it ties him to it. This is why I don't want to believe any influential businessman who tells us that he has no crypto earnings. For me, that's a big lie. It's the same way I don't believe that Warren Buffett doesn't do too. The old dude is a shrewd businessman. There's no way he won't put money in what in today's world is a money spinner, the digital gold. I was shock when first time i see this news and have many question in my head\
But i read in detail, i know i have no question anymore
Seeing the news don't me question and curious with anything. If Trump has made that much with his NFTs and those ETH for cash, that's no doubt it's him. Like everyone is saying that he's a businessman and he knows where to spend that money and if he needs that, it's just a small amount of him but still a huge chunk for the proportion of wherever he's going to sell it. And for me, if I have that sales already, I will have no doubt going to sell and take that money. But i read in detail, i know i have no question anymore
Presidential candidate and the most popular leader of the United States, Donald Trump is unsurprisingly not a huge fan of crypto but it's found that he has been profiting from the crypto riches.
The Ethereum came from a NFT on Trump theme. Though trump was not associated with the project, he got royalties from it in the form of Ethereum. The project is licensed from the Trump's company to use Trumps name and features. The royalties were over 1075 which the trump team recently sold for $2.4 million.
The use of crypto by presidential candidate is a sign of easing up with crypto and we could further see candidates accepting donations via crypto.
https://www.benzinga.com/markets/cryptocurrency/24/01/36743035/donald-trump-sold-2-4-million-ethereum-smart-move-or-big-mistake
The Ethereum came from a NFT on Trump theme. Though trump was not associated with the project, he got royalties from it in the form of Ethereum. The project is licensed from the Trump's company to use Trumps name and features. The royalties were over 1075 which the trump team recently sold for $2.4 million.
The use of crypto by presidential candidate is a sign of easing up with crypto and we could further see candidates accepting donations via crypto.
https://www.benzinga.com/markets/cryptocurrency/24/01/36743035/donald-trump-sold-2-4-million-ethereum-smart-move-or-big-mistake
My personal assumption is that maybe Trump should look a little at the crypto market, especially since it is very important in America and the world crypto community. maybe if trump becomes president he will look a little into the crypto market, for example his company agrees or gives a license to use trump's name and features as nft
correct me if I'm wrong
Trump can make money everywhere, in every field. I'm not surprised by this. His clients probably informed him and they received the payment mentioned in the copyright case. He is not someone who will never give up on this. In short, the businessman will of course take advantage of the opportunity he sees. I found it normal that he sold it, he doesn't need to keep it anyway, he used the money that came with free royalties in dollars.
Jump to: