Connect with us

Published

on

Follow Us

Follow Us @

Donald Trump Gets Fined IDR 7.3 Trillion, Can His Investment in Crypto Be Paid Off?

Liputan6.com, Jakarta Former President Donald Trump was ordered to pay a fine of USD 355 million for alleged fraud and profits from the sale of different assets. The fine has accumulated interest of 9% per year and has increased to a current liability of over USD 450 million or the equivalent of IDR 7.3 trillion (exchange rate of 16,241 per USD).

The fine increases by USD 2.6 million per month. This sentence puts Trump at risk of a court seizing his assets. With a costly presidential campaign and tight financial oversight, Trump's ability to pay the fine is questionable, and many wonder whether he will be able to pay it back.

Advertisement

But Trump's crypto holdings are not often considered. Although his holdings are small compared to the amount he owes, a potential price increase could help Trump pay his fine. Trump's crypto portfolio was discovered by Arkham Intelligence, which cross-referenced Trump's financial disclosures with transactions on the blockchain to find his wallet addresses.

YOU MAY HAVE MISSED:
Crypto Tax Contribution Touches IDR 539.7 Billion until February 2024

Launching Yahoo Finance, Saturday (27/4/2024), this wallet stores several million dollars in cryptocurrency, most of which consists of three different tokens. Among others, Ethereum (ETH), Wrapped Ethereum (WETH), and MAGA Coin (TRUMP).

ETH and WETH were acquired through the non-fungible token (NFT) project Trump Digital Trading Cards. Although Trump is not affiliated with the project, its creators paid him royalties exceeding 1,700 ETH. In December, Trump sold 1,075 of these ETH tokens, generating revenue of USD 2.4 million.

Regarding growth potential, Trump's roughly remaining 700 ETH could be worth up to USD 7 million by the end of 2025, based on a price prediction of USD 10,000. Trump may also continue to receive cash from NFT projects and royalties in the future.

Advertisement

Donald Trump Gets Fined IDR 7.3 Trillion, Can His Investment in Crypto Be Paid Off?

Follow TODAYSGIST on Google News  and receive alerts for the main trending news on cryptocurrency, market trends, upcoming events, predictions, sanctions and lots more!

Advertisement

SHARE POST AND EARN REWARDS:

Did you like this post?!!! Join our Audience reward campaign and make money reading articles, shares, likes and comment >> Join reward Program

FIRST TIME REACTIONS:

Be the first to leave us a comment, down the comment section. click allow to follow this topic and get firsthand daily updates.

YOU MAY HAVE MISSED:
BAYC NFT Base Price Has Dropped 90 Percent in Last 18 Months
JOIN US ON OUR SOCIAL MEDIA: << FACEBOOK >> | << WHATSAPP >> | << TELEGRAM >> | << TWITTER >

#Donald #Trump #Fined #IDR #Trillion #Investment #Crypto #Paid
Advertisement
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Trending