In the year since his inauguration, President Donald Trump and his family have reportedly amassed assets worth around $1.4 billion (approximately Rp 22 trillion) from cryptocurrency-related projects. This figure accounts for nearly one-fifth of the total net worth of the Trump family, which reaches $6.8 billion.
According to Bloomberg's analysis, the growth of wealth from this crypto is largely contributed by the DeFi project World Liberty Financial and the president's official meme coin. However, the overall net worth of the family did not experience a significant increase as it was offset by the decline in stock prices of Trump's social media company, Trump Media & Technology Group Corp.
It's interesting, the Trump family's crypto wealth could actually be much larger. Bloomberg mentioned that the family still holds WLFI founder tokens worth around $3.8 billion based on current prices. This digital asset has not yet been counted in the wealth calculation because it is still locked.
The WLFI token itself once peaked at more than $5 billion after being launched at a price of around $0.30 last September. Currently, the token is trading at $0.16 per coin.
The World Liberty project, which lists Trump’s sons, Donald Jr. and Eric, as co-founders, continues to expand its wings in the digital asset ecosystem. Recently, they launched a lending platform named World Liberty Markets. Meanwhile, the USD1 stablecoin of the project has grown to become one of the largest dollar-backed tokens in circulation.
However, this success is not without scrutiny. Many critics argue that Trump and his family's involvement in World Liberty raises questions about conflicts of interest, given his position as a president previously known as a real estate businessman.
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