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.

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.

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.