TL;DR
Donald Trump has impressive exposure to digital assets, particularly the meme coin MAGA (TRUMP), despite his previous anti-crypto stance. Other prominent figures who deal in cryptocurrency include Justin Bieber, Neymar Jr., Jimmy Fallon and Kevin Hart. Trump leads the pack
The rapid advancement of the cryptocurrency industry in recent years has led to an increasing number of people entering the ecosystem in one form or another. Many prominent figures are now exposed to the asset class, with Donald Trump an obvious example.
According to Arkham Intelligence, the former president of the United States of America has more than $7 million in digital assets and more than 65% of his portfolio belongs to the meme coin MAGA (TRUMP).
Earlier this month, the price of the token rose substantially following reports that Trump (who will challenge incumbent Joe Biden in the upcoming presidential election) is leading in five out of six swing states, including Pennsylvania, Arizona, Michigan, Georgia, and Nevada.
Other assets in Trump’s wallet include Ethereum (ETH), USDC, Pepe (PEPE) and many more.
However, most of Trump’s holdings could have been sent by other members of the cryptocurrency industry. After all, he used to be among the most vocal critics. Remember that he claimed when he was the 45th president of the United States that bitcoin (BTC) and the rest of the kingdom are based on “bare air”.
However, he recently softened his tone, saying he can “live” with the leading digital asset. He also described himself as the right choice for supporters of the crypto industry, while his presidential campaign began accepting donations in the form of digital currencies.
Who else is part of the club?
Other famous people who have crypto funds include Justin Bieber and Neymar Jr. The Canadian singer’s wallet is worth more than $560,000, with ETH representing about 10% of the total amount.
Brazilian soccer star Neymar Jr. has over $66,000 in digital assets. Ethereum (ETH) and ApeCoin (APE) account for around 85% of their entire portfolio.
American TV host Jimmy Fallon and Hollywood actor Kevin Hart are also part of the ecosystem. The former owns almost $140,000 in crypto, while the latter currently holds around $50,000 in digital coins.
It is interesting to note that some of the people mentioned have also dealt with NFT. Justin Bieber made headlines in January 2022 when he bought a digital collectible from the BAYC collection for 500 ETH (about $1.3 million at the time). Currently, however, their NFT is worth roughly $45,000, which represents a 96% loss (at least on paper).
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