According to the Financial Times, Donald Trump’s family earned more than $1 billion on cryptocurrencies. While the president previously criticized cryptocurrencies, today they are a significant part of his wealth and political influence. However, these successes are accompanied by questions about a possible conflict of interest.
Trump’s turnaround: from criticizing Bitcoin to making billions from crypto
According to the Financial Times, Donald Trump’s family made over $1 billion in pre-tax profits from cryptocurrencies. Eric Trump admitted that the actual figure could be even higher. Most of these earnings have been generated in recent years, when Trump’s view of cryptocurrencies has changed dramatically — from criticism to active involvement in the business.
He originally called Bitcoin a scam, but the turnaround came during his election campaign. After ending their cooperation with traditional Wall Street banks, the Trumps turned to the crypto industry. Donald Trump then promised to end the “war on crypto” and dismiss SEC chief Gary Gensler, thereby gaining the support of the crypto community and investors.
Trump’s cryptocurrency empire
Trump’s crypto business now includes a broad portfolio. His stake in Trump Media & Technology Group, which holds thousands of bitcoins, is worth billions of dollars. A key project is World Liberty Financial, which has sold billions worth of tokens and stablecoins. Significant revenues also come from the memecoins TRUMP and MELANIA, which together have brought in hundreds of millions of dollars.
With growing influence comes controversy. Legal experts point to a possible conflict of interest, similar to that of previous presidents. Suspicions were reinforced by a short position opened just before Trump’s announcement of tariffs on Chinese goods, which brought huge profits and sparked speculation about links to the Trump family. His open support for crypto can thus not only influence markets, but also fundamentally shape them.
