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Home » Crypto surges Trump’s wealth as consumer confidence hits post-pandemic low
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Crypto surges Trump’s wealth as consumer confidence hits post-pandemic low

MNK NewsBy MNK NewsMay 5, 2025No Comments3 Mins Read
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With the help of cryptocurrency, President Donald Trump’s net worth has doubled to a high, or “yuge,” amount.

In a conversation with CNN’s Erin Burnett on her show “Erin Burnett OutFront” last week, analyst Harry Enten said Trump’s net worth went from $2.3 billion in 2024 to $5 billion in 2025.

“It has skyrocketed, Erin,” Enten said, citing Forbes Magazine. “Skyrocketed … Part of that is crypto, part of that is also [Trump’s social media platform] Truth Social, part of the larger media conglomerate going public. But you put it all together and Trump’s net worth is through the roof over the last year.”

“Very different from most Americans who have 401(k)’s right now,” Burnett replied.

In a post on X where Enten shared the video and statistics, Enten referred to Trump as “truly the crypto president.”

Enten also explained that the Trump family has made a whopping amount of money via cryptocurrency.

“Get this number, it is about $1 billion,” he said. “It’s not just Donald who’s involved in crypto. It’s [Trump’s son Eric Trump] who’s involved in crypto, and it’s [First Lady Melania Trump] who’s involved in crypto. That is an insane amount of money. I just only can wish I would one day touch that much cash.”

Before his discussion with Burnett concluded, Enten added that crypto voters “may have made the difference in the 2024 election. Why?”

Trump’s margin among crypto owners was 24 points higher in contrast to non-crypto owners, Enten cited with statistics from Farleigh Dickinson University.

“[Crypto owners] have made up an increasing share of the electorate, north of 10% of the electorate now,” Enten continued. “And in my opinion, Trump getting close to crypto may have made the difference and put him over the top.”

The president’s increased net worth comes at a time when consumer confidence is at its lowest that it’s been since May 2020, then caused by pandemic-related economic anxiety, the AP reported. In April, consumer confidence fell almost eight points to 86 as the president’s tariffs leave Americans worried about the economy.

The figure reflects a rapidly souring mood among Americans, most of whom expect prices to rise because of the widespread tariffs imposed by President Donald Trump. About half of Americans are also worried about the potential for a recession, according to a survey by The Associated Press-NORC Center.

Additionally, the GDP shrank at an annual rate of 0.3% during the first quarter of 2025, according to the Bureau of Economic Analysis. This bad quarter was a result of Trump’s trade policies.

Despite growing economic concerns among the public and economic analysts, Trump told NBC News’ Kristin Welker over the weekend that he continues not to worry about the chances of a recession. He repeated that the United States is in a “transition period.”

“Anything can happen, but I think we’re going to have the greatest economy in the history of our country,” Trump said to Welker on “Meet the Press.”

The Associated Press contributed to this report.



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