Is Trump Really Buying Crypto? Here’s the Real Deal
Let’s be honest — if someone told me a few years ago that Donald Trump, the guy who once slammed Bitcoin as “based on nothing,” would end up owning crypto, I would’ve laughed it off. But here we are. Times have changed, and believe it or not, Trump’s dipping his toes into the crypto world, whether we like it or not.
So, what’s the truth? Is Trump really buying crypto? And if yes, what exactly does he own?
Let’s unpack it, minus the hype and minus the tech-jargon.
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Trump’s Early Hatred Toward Crypto
Back in 2019, Trump tweeted that he wasn’t a fan of Bitcoin or any cryptocurrency. He said they were volatile and basically just used for “unlawful behavior.” That was typical Trump — blunt, controversial, and unfiltered.
At the time, he wasn’t wrong about crypto being a bit of a Wild West. Scams, pump-and-dump schemes, and shady projects were everywhere. But fast forward to today, and it looks like Trump has had a bit of a change of heart. Or maybe he just saw an opportunity to make money and ran with it.
Let’s be real — the man knows how to sell.
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Trump NFTs: The Game Changer
His first real move into the crypto space wasn’t buying Bitcoin or Ethereum. It was through NFTs.
In December 2022, Trump launched his own line of digital trading cards — Trump NFTs — which featured cartoonish versions of himself as superheroes, cowboys, and astronauts. Yep, seriously.
They were priced at $ ninety nine each and despite all the jokes and memes online the collection sold out fast. Like really fast. That launch alone made millions of dollars and he later dropped a second batch that did just as well.
Now, here’s where it gets interesting: those NFTs were built on the Polygon blockchain, which is a layer-2 network tied to Ethereum. That means Trump was now dealing with crypto whether he liked it or not — because those NFTs could only be bought using crypto.
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What’s In Trump’s Wallet?
So what coins does Trump actually have? Thanks to blockchain tracking (which, by the way, is all public), we’ve got a decent idea.
Here’s what’s believed to be in his digital wallet:
- Ethereum (ETH): This is the big one. Because of all those NFT sales and royalties from resales, Trump has been earning ETH consistently.
- Polygon (MATIC): Since the NFTs are on the Polygon network, he likely holds MATIC as well.
- Wrapped ETH (WETH): A token that behaves like Ethereum but is used on certain platforms like OpenSea (where his NFTs are sold).
There are reports that his crypto wallet is now worth millions. Yep — Trump, the guy who once trashed crypto, is now one of the few U.S. presidents (former or current) with a multi-million dollar crypto wallet.
Funny how things work, right?
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Is Trump Buying Crypto Now?
That’s a tougher one. We don’t have screenshots of Trump using Binance or Coinbase, but we can see movements in the wallet connected to his NFT royalties.
There haven’t been obvious buys of Bitcoin or any obscure coins, but the wallet’s activity does suggest he’s at least holding Ethereum and letting it grow. Some analysts say there have been incoming transactions that point to accumulating more ETH over time — maybe through sales, maybe through donations.
And speaking of donations…
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Accepting Crypto for His Campaign
Here’s another big twist: In 2024, Trump’s team announced they were accepting crypto donations for his presidential campaign.
Not just Bitcoin or Ethereum — but also Dogecoin, Shiba Inu, and some other meme coins. That alone tells you how much the game has changed. Crypto went from being “fake money” to being part of a real political campaign. Trump’s campaign knows that younger voters — and even some older, libertarian-leaning ones — are into crypto. And they’re trying to cash in on that.
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Is Trump a True Believer in Crypto?
Probably not in the philosophical sense. He’s not out there tweeting about decentralization or writing essays about Web3.
But let’s face it — if something is profitable and attention-grabbing, Trump is usually all in. He doesn’t need to be a tech geek to recognize that crypto is a money-making opportunity and a buzz-generator.
So, while he might not be the next Vitalik Buterin, he’s definitely in the space now — whether to cash in, make headlines, or both.
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