U.S. President Donald Trump on Wednesday defended earning around $1.2 billion from his family’s cryptocurrency activities last year, saying “everybody’s profiting” from his time in power.

“You know why I’m profiting, because the stock market’s going up, everybody’s profiting,” Trump told reporters as he prepared to take his first flight on a new Air Force One plane gifted by Qatar.

Asked about criticisms that he was using his position to enrich himself, the billionaire president said his earnings were placed in blind trusts to ensure that he could not do so.

“I don’t get involved in my personal (finances), we have funds that run my money,” Trump said. “I’ve made a lot of money before I became president, and they invest my money,…