The name of American president Donald Trump has long been linked to large hotels, golf stations and fantasy condos. But now, in a few months, Trump and his family have won more than $ 620 million by diving into the crypto world.
Does Trump use his president to earn this money? Let’s see how it transforms digital parts into millions of people.
Money Fast: from real estate to the crypto
For years, the Trump family has made their money in the traditional way, buying land, building towers and putting its name on fantasy buildings all over the world. But since Donald Trump returned to the White House, things have changed.
The same man who criticized once the crypto has now made a complete turnaround and jumped directly into it.
With their new projects like World Liberty Financial and The Trump Memecoin, the Trumps earn money much faster than ever by selling condos.
One of their largest money manufacturers at the moment is World Liberty Financial, who sells his tokens and manages a stablecoin called USD1, linked to the US dollar. In March, this project sold for around $ 550 million in tokens, and nearly $ 400 million went directly to the Trump family.
Earlier, Trump even offered a private dinner to the biggest holders of Trump Memecoin.
Crypto beats real estate
To see how big it is, compare it to the former Trump business. Last year, his business won around $ 34 million among license buildings. It is small compared to the hundreds of millions of crypto projects in a few months.
And it doesn’t stop there. Trump’s family also has a participation in American Bitcoin, a company that wants to become a public as a big Bitcoin minor. If it works, it could add even more to their cryptographic fortune.
New money, same name
Anyway, Trump’s name continues to fire money. Now, instead of waiting for years to finish laps and seaside resorts, Trumps can earn millions quickly by putting their names on digital parts.
