Someone has become a Crypto Billionaire, according to a report

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President Donald Trump’s jaunt to Scotland, where he met the U.K. prime minister and cut a ribbon for a new Trump golf course, highlighting his love for old-money ambiance and mixing personal with official business.

The traditional business ventures like golf courses that go with this lifestyle, however, now make up less than half of Trump’s wealth compared to crypto, according to a new analysis from the watchdog group Accountable.US.

Nearly 73 percent of Trump’s wealth — $11.6 billion of an estimated $15.9 billion — comes from crypto holdings that he built at record pace by misusing his office, the group claims in an analysis made public Thursday. The group’s president slammed Trump in a prepared statement.

“Soon after signing his ‘Big Ugly’ law that rips away health care and food security from millions of American working people and seniors, President Trump pushed bills to make it easier to pad his net worth by billions through dubious crypto schemes,” Caroline Ciccone, the head of Accountable, said. “The more the President’s wealth depends on anonymous investors around the world with hidden agendas, the greater the risk to the interests of everyday Americans and our national security.”

The Accountable analysis is the latest attempt to pierce the corporate veil of the Trump family’s opaque network of companies. Well before digital tokens became moneymakers, Trump’s worth was notoriously hard to pin down, at one point spawning a failed libel lawsuit from the real estate mogul. The speculative nature of crypto has made it even difficult.

Last month, Bloomberg estimated that roughly $620 million, of what an estimated total net worth of $6.4 billion, could be chalked up to crypto.

Accountable argued in its latest analysis that Bloomberg undercounted both Trump’s crypto and total wealth, thanks largely to the wildly speculative nature of crypto.

Meme coins like the $TRUMP token, and other more ostensibly stable crypto assets such as tokens tied to the Trump family’s World Liberty Financial crypto venture, can change wildly in nominal value from day to day.