Donald Trump's youngest son Barron Trump apparently has four crypto wallets, his father Donald Trump revealed at an X live space where Barron Trump was also supposed to be present. The Trumps launched their newest crypto project World Liberty Financial and 18-year-old Barron is the DeFi visionary of this project. DeFi is decentralized finance. At the live event, Donald Trump revealed that Barron is a crypto genius, knows everything about it while Donald struggles to know what a wallet is.
A cryptocurrency wallet is a device or program that stores keys that allow users to access their coins and perform transactions.
“Barron knows so much about this, Barron’s a young guy, but he knows. He talks about his wallet, he’s got four wallets or something, and I’ll say ‘what is a wallet?’” Donald Trump said.
If Barron Trump really has four wallets, he is making it big in crypto transactions. And his net worth is increasing even though he has just finished high school and joined the Stern Business School in New York University to study Business. Barron Trump has received around $80 million net worth from his family, he owns four cars, has personal investment of $5 million and real estate assets worth $27 million.
According to reports, Barron has a 10,000-square-foot mansion in Palm Beach, Florida at the same estate as Trump's Mar-a-Lago resort. Barron's trust fund owns many other properties and a chunk of Barron's wealth is in stocks.
Trump's big push for crypto
The new project indicates that if Trump wins the election, there will be a major push for crypto. World Liberty Financial is basically a crypto banking platform where the general public will be encouraged to borrow, lend and invest in crypto. There will also be an accompanying token called WLFI. The equity structure for these tokens will be that 20% of the project’s tokens are allotted to the founding team, which includes the Trumps, 17% of tokens are set aside for user rewards, and the remaining 63% of the coins will be made available for the public to purchase, founder Zak Folkman said, as quoted by NBC. There will be no pre-sales or early buy-ins.
Earlier, Trump was not interested in crypto but when sales of his Trump trademarked NFT (nonfungible token) collections were paid for with crypto, he took notice of it. Trump said his children opened his eyes towards crypto. "Crypto is one of those things we have to do. Whether we like it or not, we have to do it," Trump said.
A cryptocurrency wallet is a device or program that stores keys that allow users to access their coins and perform transactions.
“Barron knows so much about this, Barron’s a young guy, but he knows. He talks about his wallet, he’s got four wallets or something, and I’ll say ‘what is a wallet?’” Donald Trump said.
If Barron Trump really has four wallets, he is making it big in crypto transactions. And his net worth is increasing even though he has just finished high school and joined the Stern Business School in New York University to study Business. Barron Trump has received around $80 million net worth from his family, he owns four cars, has personal investment of $5 million and real estate assets worth $27 million.
According to reports, Barron has a 10,000-square-foot mansion in Palm Beach, Florida at the same estate as Trump's Mar-a-Lago resort. Barron's trust fund owns many other properties and a chunk of Barron's wealth is in stocks.
Trump's big push for crypto
The new project indicates that if Trump wins the election, there will be a major push for crypto. World Liberty Financial is basically a crypto banking platform where the general public will be encouraged to borrow, lend and invest in crypto. There will also be an accompanying token called WLFI. The equity structure for these tokens will be that 20% of the project’s tokens are allotted to the founding team, which includes the Trumps, 17% of tokens are set aside for user rewards, and the remaining 63% of the coins will be made available for the public to purchase, founder Zak Folkman said, as quoted by NBC. There will be no pre-sales or early buy-ins.
Earlier, Trump was not interested in crypto but when sales of his Trump trademarked NFT (nonfungible token) collections were paid for with crypto, he took notice of it. Trump said his children opened his eyes towards crypto. "Crypto is one of those things we have to do. Whether we like it or not, we have to do it," Trump said.
