Donald Trump sells $2.4 million worth of ETH

[yazher]

i guess if trump is a little interested in crypto about its advantages and uses i guess if he becomes president he will make policies that will benefit traders in the country, who knows

He is a businessman. He knows where good money comes from. This market is too good to be ignored

That's right, for them this kind of investment is too risky and they don't want to get involve to any of this while they have their own source of income that are secured and they are few of them who doing that kind of business. Unless he has someone who is expert to this crypto investment just like any big companies who adopted crypto currencies and make it easy for them to access this way of investment in their companies and Trump could also use the same strategy if he wants to.

[bastian466]

I just want to know the purpose of selling these royalties, does Trump need additional funds for example or to attract attention and support from supporters of cryto users or is there another purpose that has not yet emerged? I am waiting for news or for him to provide clarification to the media crew regarding this matter or on his social media. however, the impact on price movements in the market may not be as impactful

[slashz9]

i guess if trump is a little interested in crypto about its advantages and uses i guess if he becomes president he will make policies that will benefit traders in the country, who knows

He is a businessman. He knows where good money comes from. This market is too good to be ignored

but why did the government initially reject and ban it, now almost everyone in the world is familiar with crypto, although in my opinion it is still far from mass adoption, but now I think developments in the crypto world are becoming more visible and clear.
If retail comes in there will be new money flowing in.

[cryptoknightt]

i guess if trump is a little interested in crypto about its advantages and uses i guess if he becomes president he will make policies that will benefit traders in the country, who knows

He is a businessman. He knows where good money comes from. This market is too good to be ignored

True, yeah he made millions of $ from that, and Im pretty sure he also holds some coins, maybe BTC or ETH.
He has sold his 1st series of NFT starting 2022 then he launched the 2nd series in 2023 which sold out within 24 hours after its launch.
I will be not surprised either if he launches the 3rd series in this year/near the election.

you are wrong, the one who sold it was not him but someone else, and he got royalties because that party used him, whether he holds a number of bitcoins or not, I think he holds them because he is a businessman, he definitely knows how to make money.

[God bless u]

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

He is a smart guy, if he sold it, he must have been thinking of some kind of investment that would make him more profitable than Ethereum,
But now we don't know why he sold it. There must be a great reason behind the fact that he has sold the worth.he is benefiting mostly because Trump who is someone else than he would not sell without thinking but he must be thinking of something for the future which will more given rather than etherium.

[redwine49]

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

[SUPERSAIAN]

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.

[ichsan ardi]

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

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

[batang_bitcoin]

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.

[Mpamaegbu]

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.

[beerlover]

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.

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.

[mich]

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.  

[passwordnow]

~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.

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.

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.

[Mate2237]

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.

[Ben Barubal]

   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.

[God bless u]

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

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.

[justdimin]

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.

He is just saying whatever he wants without thinking it through and that is the problem that he has. Some people like him for that reason but the reality is that we are not going to really get anything major from him that will change the outlook of crypto. Before he could do anything about it there will be a lot of people on the way that will prevent it.

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.

[Tanzila420]

I'm little confused bacause i don,t know DT involving with crypto or not.

[Belarge]

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.

[xeqoRameshAxueamExaqana]

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.