Donald Trump Acknowledges the Popularity of Bitcoin

 

Former US President Donald Trump recently acknowledged the increasing popularity of Bitcoin. During an interview on Fox News with US Senator Tim Scott (R-SC) at a town meeting in Greenville, South Carolina, Trump shared that “a lot of people are doing it” and mentioned that the cryptocurrency has taken on “a life of its own.” He also noted the growing trend of people wanting to pay with Bitcoin and expressed his openness towards it despite his previous opposition to government-controlled central bank digital currencies (CBDCs).

“Well, a lot of people do,” Trump responded, referring to BTC. However, he emphasized: “I have always liked one currency… I like the dollar.” However, the former US President opined:

 

But many people do it and, frankly, it has taken on a life of its own. You should probably introduce some regulation, as you know, but many people support it. And more and more I see that people want to pay with Bitcoin and you see something interesting, so I can live with it one way or another.

How does Donald Trump make money?

 

Thus, according to the American magazine Forbes, it is $3.7 billion, according to Fortune magazine – $3.9 billion, according to Bloomberg – $3 billion. Even the latest declaration of the businessman, published in May 2016, cannot give the exact amount, since The document provides ranges for asset values and profits. At the lower end, Trump’s net worth is at least $1.5 billion.

What does the elected president’s income consist of? According to The New York Times’ calculations based on Trump’s declaration, his net worth includes:

  • Profit from business (hotels, golf courses, rental properties) - minimum $615 million.

  • Royalties (profits) for copyrights on books, use of the name - at least $10.2 million.

  • Profit from owning the Miss Universe brand - at least $49 million.

Among the tycoon’s assets:

  • Shares – minimum $61 million.

  • Vineyards – minimum $6 million.

  • Aircraft—minimum $58 million.

  • Real estate – minimum $1.337 billion

What do you think of former US President Donald Trump’s statements about Bitcoin? Share your thoughts in the comments section below.

 

 

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