The post Bitcoin’s price actions and the U.S. election have NO connection whatsoever appeared on BitcoinEthereumNews.com.

When you hear folks talking about Bitcoin and the U.S. election, they often act like the two are connected at the hip. You’ve got people claiming that Donald Trump’s chances of winning are somehow linked to Bitcoin’s price, as if one moves with the other.  But is that actually the case, or is it just another narrative being forced down our throats? Truth of the matter is that Trump, or rather his team, has found a way to rake in some serious passive income through crypto. Into the maze of Trump’s passive crypto streams Over the weekend, some new details about Trump’s finances came out. We saw about $635 million in assets, including a bunch of properties like Mar-a-Lago and various golf courses. Plus, there’s millions rolling in from royalties.  A big percentage of that royalty cash—$7.2 million, to be exact—is coming from licensing fees through NFT INT LLC.  This is the company that’s been using Trump’s likeness for those Trump Digital Trading Card NFT collections on Polygon. Trump’s other assets are no joke either. The man’s got holdings in U.S. Treasuries, bonds, index funds, stocks, and a cool 114.75 million shares in his media company DJT, currently valued at $2.65 billion.  And come September, when the six-month lock-up period ends, those shares will be tradable. So yeah, there’s a lot going on here. Let’s not forget about his crypto holdings. Trump’s disclosure reveals he’s got somewhere between $1 million and $5 million in Ethereum, plus some gold bars worth between $100,000 and $250,000.  But what is particularly interesting is that Trump’s crypto wallets—especially those on Ethereum and Polygon—are bringing in tens of thousands of dollars each month without him having to lift a finger.  Talk about a sweet deal. Data shows that Trump’s first three NFT collections pulled in…

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Filed under: News - @ August 19, 2024 8:20 pm