Crypto Assets Drive Wealth Growth
According to Bloomberg, the Trump family’s net worth has reached $6.8 billion, with cryptocurrency assets now accounting for approximately one-fifth of that wealth.
It is reported that earnings from cryptocurrencies have added approximately $1.4 billion to the family’s fortune over the past year. This marks the first time that the share of crypto assets in their total wealth has reached this level.
New Ventures Fuel Crypto Gains
The article notes that Donald Trump’s family generated significant income from new ventures in the crypto sector during his second presidential term. Key contributors to this growth include World Liberty Financial, a cryptocurrency platform co-founded by the Trump family, meme coin projects bearing the Trump name, and the Bitcoin mining company American Bitcoin Corp. In particular, the article highlights the remarkable increases in the value of World Liberty Financial’s platform token and its stablecoin, USD1.
Media Investments Face Challenges
In contrast, the Trump family’s investments in media have shown a negative trend. Shares in Trump Media & Technology Group, owned by the family, have lost 66% of their value in the last 12 months. This decline has offset some of the gains made in crypto assets.
Diversified Investments and Government Stance
The report also stated that family members, through their venture capital firm 1789 Capital, have invested in large technology companies like SpaceX, and that the Trump Group has expanded its global real estate licensing activities. A White House press spokesperson, in a statement on the matter, said the administration aims to make the U.S. the world’s cryptocurrency capital hub through executive steps and policies to fulfill the president’s promises.
Market Trends and Political Interest
Experts say this rapid shift in the Trump family’s wealth reflects both the growing influence of cryptocurrency markets and the increasing interest of political figures in digital assets.