The post Charles Hoskinson Reveals Donald Trump Holds 78.5% of His Net Worth In Crypto appeared on BitcoinEthereumNews.com.

Cardano co-founder Charles Hoskinson recently revealed that 78.5% of President-elect Donald Trump’s net worth, estimated at $29.6 billion, is tied to cryptocurrency. This revelation places Trump among the wealthiest cryptocurrency entrepreneurs globally. The statement coincides with Trump’s launch of the TRUMP memecoin, a controversial move that has drawn attention from the crypto community. Cardano Co-Founder Charles Hoskinson Reveals Donald Trump’s Crypto Fortune In a recent post on X, Charles Hoskinson disclosed that a substantial portion of Donald Trump’s wealth is invested in cryptocurrencies. According to Hoskinson, this amounts to 78.5% of Trump’s estimated net worth of $29.6 billion. The revelation establishes Trump as one of the most prominent figures in the cryptocurrency space. Hoskinson noted that Trump’s extensive involvement in crypto could lead to notable changes in the sector. His administration may redefine the IRS’s policies on taxation of capital gains and the evaluation of digital assets’ fair market value. These anticipated changes could shape the crypto industry’s regulatory framework. Charles Hoskinson added, “The nice part of Trump newfound enormous crypto wealth will be changes to the IRS’s interpretation of capital gains and fair market value of crypto.” Notably, Eric Trump also commented on the swift valuation of the $TRUMP memecoin, heralding it as “the hottest digital meme on earth.” He highlighted its rapid market cap increase to over $5 billion within a day of its launch as a testament to its popularity.  TRUMP Memecoin Gains $8B in Hours Before Inauguration Meanwhile, Donald Trump’s launch of the TRUMP memecoin has added further intrigue to his financial connection to the crypto world. The meme coin amassed $8 billion in market capitalization within hours of its release. Trump’s company, CIC Digital LLC, reportedly owns 80% of the coin’s supply, positioning it as a lucrative venture. More so, the TRUMP meme coin rally…

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Filed under: News - @ January 19, 2025 1:21 am