Former President Donald Trump holds more than $1 million in crypto assets and has profited $300,000 from selling branded Bibles, according to a recent personal financial disclosure. The branded Bible, named the Greenwood Bible, is priced at $59.99.
According to the product’s website, it includes a handwritten chorus from the patriotic hymn “God Bless the U.S.” performed by country musician Lee Greenwood. There is also a limited edition available for $1,000 with Trump’s signature.
In addition to a cryptocurrency wallet, Trump owns virtual Ether key holdings worth $1 million to $5 million according to the disclosure.
His position on cryptocurrencies has noticeably changed since his early days in office when he first said digital currencies were fake. Over time, Trump has adopted a more lenient stance toward cryptocurrency; as part of his campaign plan, he even advocated for the creation of a “cryptocurrency army.”
This change in perspective appears to be impacted by the industry’s lobbying efforts as well as an awareness of the popularity of cryptocurrencies among some of Trump’s fans. The majority of this population consists of young people who participate in online communities.
During a livestream with content creator Adin Ross, Trump mentioned that he knows a lot of “good people” who work in the crypto space and described them as intelligent and progressive. He also issued a warning, saying China would lead the crypto business if the United States did not participate in it.
Trump estimated the worth of his social media business, Truth Social, to be between $5 million and $25 million in a prior financial statement. This year, he revealed a substantially larger valuation — more than $50 million — for the business known as Trump Media and Technology Group Corporation. Furthermore, his financial filings indicate a notable increase in the number of Chinese trademark registrations. Trump disclosed only two trademarks in China last year; however, NBC News’ review of his 2024 filing shows that this number has since increased to more than 100.
After officially declaring candidacy, federal regulations require officeholders and candidates to submit yearly financial disclosures. These filings typically outline broad details about incomes, assets and investments.
JD Vance, Trump’s running mate, also has significant cryptocurrency holdings, reportedly valued between $100,000 and $250,000, stored on the Coinbase exchange. Vance, the author of Hillbilly Elegy, has emerged as a strong advocate for crypto, viewing it as a viable alternative to traditional financial systems. He has expressed his support for crypto in combating government overreach, referencing the action taken by the Canadian finance minister to freeze some truckers’ bank accounts because they were opposed to COVID-19 lockdown measures.
The revelation that prominent people such as Trump have substantial crypto holdings is further testament to industry players such as Bit Mining Ltd. (NYSE: BTCM) that cryptocurrencies are becoming entrenched in major markets and there is no turning back for the industry.
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