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Learning & News => News related to Crypto => Topic started by: sirty143 on December 31, 2023, 06:47:11 AM

Title: Former US President Donald Trump Selling ETH Worth Millions of Dollars, Analysis
Post by: sirty143 on December 31, 2023, 06:47:11 AM
Former US President Donald Trump Selling ETH Worth Millions of Dollars, Analysis Indicates

(https://i.imgur.com/C4VA9Qam.jpg)

An analysis by crypto intelligence firm Arkham indicates that Donald Trump, the 45th President of the United States, is selling millions of dollars in ether acquired from selling his non-fungible token (NFT) collections. The analytics firm also revealed that Trump’s highest crypto balance reached $4 million... See more for yourself here (https://news.bitcoin.com/former-us-president-donald-trump-selling-eth-worth-millions-of-dollars-analysis-indicates/).

Your opinion is greatly appreciated.


Title: Re: Former US President Donald Trump Selling ETH Worth Millions of Dollars, Analysis
Post by: Senin on January 01, 2024, 10:12:19 AM
Trump is now going through a very difficult period, which requires a lot of expenses. He again wants to regain the position of President of the United States and his chances were quite good recently. However, a few days ago, the Supreme Court in Colorado banned Donald Trump from running for Supreme. A Colorado court has ruled that Donald Trump is ineligible to serve as president of the United States because of his actions in inciting the attack on the Capitol on January 6, 2021. Trump's lawyers plan to appeal the decision. In addition, several criminal cases have been filed against Trump, so he has a lot of problems and financial waste as well. Apparently, the turn has come to cryptocurrency.
Title: Re: Former US President Donald Trump Selling ETH Worth Millions of Dollars, Analysis
Post by: Condorlaib on January 01, 2024, 11:20:14 AM
Quote from: Senin on January 01, 2024, 10:12:19 AM
Trump is now going through a very difficult period, which requires a lot of expenses. He again wants to regain the position of President of the United States and his chances were quite good recently. However, a few days ago, the Supreme Court in Colorado banned Donald Trump from running for Supreme. A Colorado court has ruled that Donald Trump is ineligible to serve as president of the United States because of his actions in inciting the attack on the Capitol on January 6, 2021. Trump's lawyers plan to appeal the decision. In addition, several criminal cases have been filed against Trump, so he has a lot of problems and financial waste as well. Apparently, the turn has come to cryptocurrency.
The fact is that Biden also used cryptocurrencies for his election campaign. This is why I believe that strangling the market would be a huge mistake for him.
Title: Re: Former US President Donald Trump Selling ETH Worth Millions of Dollars, Analysis
Post by: Zed0X on January 01, 2024, 01:22:45 PM
I'm guessing what was sold (or most of it) was his first set of NFTs that was issued back in December last year. If that's the case, then that's a smart move because he's paying less capital gains taxes on that since it's been held for over a year before selling. His tax team knows what they're doing for sure.

Quote from: Senin on January 01, 2024, 10:12:19 AM
~ A Colorado court has ruled that Donald Trump is ineligible to serve as president of the United States
Since Colorado has been a blue state for the past four elections, it's not really a loss for Trump.
Title: Re: Former US President Donald Trump Selling ETH Worth Millions of Dollars, Analysis
Post by: Freemind on January 01, 2024, 01:39:06 PM
It is normal for Trump to sell everything he can and even more. He knows that he will have financial problems if the accusation of money laundering that he allegedly made with several of his companies and a large part of his assets is finally confirmed. That could lead Trump to technical ruin and he would lose almost all of his assets, as well as the possibility of being re-elected president of the United States. In any case, I do not understand the sensationalism of the news, 4 million dollars does not seem like an exaggerated amount to me.
Title: Re: Former US President Donald Trump Selling ETH Worth Millions of Dollars, Analysis
Post by: Fenix on January 01, 2024, 08:01:22 PM
Former US President Donald Trump sold his ETH earnings from NFT collections, amounting to 1,325 ETH for a total of over $3 million. There is nothing unusual about this, except that he is interested in and uses cryptocurrency. In any case, if he becomes president again, he is unlikely to ban cryptocurrency. However, I would not like him to win the presidential election in November. In this case, US international policy will change greatly and not for the better if it supports Putin and his war of aggression in Ukraine.