Donald Trump Reportedly Owns Over $1 Million in Cryptocurrency The former President reported the assets in a regulatory financial filing on Thursday.

By Emily Rella Edited by Melissa Malamut

Key Takeaways

  • In a regulatory financial filing on Thursday, Trump claimed to own between $1 million and $5 million in cryptocurrency.
  • The assets claimed were a cryptocurrency wallet and a “virtual Ethereum key”.

Opinions expressed by Entrepreneur contributors are their own.

Ahead of the 2024 U.S. Presidential Election, the future of cryptocurrency and its regulation has become a topic of discussion among voters.

On Thursday, a regulatory financial filing by Republican nominee Donald Trump showed that the former President owns over $1 million in crypto, showing Silicon Valley that the presidential candidate may have favorable crypto policies derived from personal interest.

Related: Mark Cuban Says He's Received 'Multiple Questions' From Kamala Harris About Crypto

The financial filing stated that Trump owns a cryptocurrency wallet and a "virtual Ethereum key" which, depending on the current markets, can range in value from $1 million to $5 million.

Trump's current stance on crypto is a "hands-off" approach allowing the market to self-regulate.

The former President now also accepts cryptocurrency, such as Bitcoin, as funding for his campaign, signaling a strong pivot from his prior stance that crypto was a "scam" and "disaster waiting to happen."

In an interview with Bloomberg, Trump championed Bitcoin mining in the U.S. to curb China's growing influence over the market.

"If we don't do it, China is going to figure it out, and China's going to have it—or somebody else," Trump said.

Last month, Mark Cuban told Decrypt in an interview that he had been fielding calls from Democratic nominee Kamala Harris' team about cryptocurrency and advice on the market.

Related: Musk, Trump Hit With Federal Labor Charges Over Livestream

Cuban then accused Silicon Valley leaders that support Trump of doing so as a "Bitcoin play."

"What will drive the price of BTC is lower tax rates and tariffs, which if history is any guide (and it's not always ), will be inflationary," Cuban explained on X. "Combine that with global uncertainty as to the geopolitical role of the USA, and the impact on the US Dollar as a reserve currency, and you can't align the stars any better for a BTC price acceleration."

Emily Rella

Senior News Writer

Emily Rella is a Senior News Writer at Entrepreneur.com. Previously, she was an editor at Verizon Media. Her coverage spans features, business, lifestyle, tech, entertainment, and lifestyle. She is a 2015 graduate of Boston College and a Ridgefield, CT native. Find her on Twitter at @EmilyKRella.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick

Operations & Logistics

PPP Forgivable Loans Will be Unforgiving for Many

Business who don't bring back their entire workforce will have their eligible forgiveness amount reduced.

Business News

Zillow Predicts These 10 Places Will Have the Hottest Housing Markets in 2025

Zillow predicted that the hottest housing market of 2025 will be Buffalo, New York. Here's why.

Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2025.

Science & Technology

5 AI Books Top Entrepreneurs Are Reading in a Rush for 2025

Entrepreneurs must embrace AI or risk falling behind. Discover 2025's top 5 AI books to gain a competitive edge, featuring insights from "The Wolf is at the Door" and a free AI Success Kit.

Marketing

Why 2025 Will Be the Year AI Redefines Content Creation and Search Strategies

Artificial intelligence and machine learning are transforming the SEO landscape, requiring professionals to adapt their keyword strategies, content creation and user engagement techniques in response to revolutionary tools like ChatGPT.