Trump Family Takes $1 Billion Hit As Crypto Crash Wipes Out Fortune

https://www.ibtimes.co.uk/trump-family-takes-1-billion-hit-crypto-crash-wipes-out-fortune-1757921

Posted by Cute_Dealer4787

38 comments

  3. How could that be? Didn’t the Emoluments Clause of the U.S constitution stop him from running his own businesses as president?

    Oh no, I forgot, there are no real controls or restrictions in the U.S State, just propaganda.

  5. Well, that’s how these things go. There was a huge sell-off. Where did the money go? Who cashed out the most?

  8. Finally for all the bad things TACO has done things are going against him.

  11. Guys, I’m beginning to think maybe crypto might just be a scam. 👀

  13. First paper on his desk in the morning is not the daily intelligence briefing. It’s his crypto P/L statements. Still a billionaire on paper.

  14. I’m no genius, but I do see a 1929 type crash in the future, and the orange pedo taco king will broke one more time.

  16. I’m suspecting most of these “billions” are just on “paper” and not actually redeemable in cash or gold.

  18. He’s alway lived of the rotting corpses of his failed business. This and America are very much the same.

  20. Oh I thought I was on the r/goodnews sub. Close enough though!

  21. I’m sorry, should I be shedding any tears? Because I have none for that family.

  23. >Their combined net worth has fallen from around £5.87 billion ($7.7 billion) in September to £5.11 billion ($6.7 billion), according to the Bloomberg Billionaires Index, as volatility in digital-asset ventures takes a heavy toll.

    That’s hardly, “wiping out a fortune.” They’ll steal it back, anyway.

  31. Pocket change to the Trumps. Donny knows he can just replace the ill-gotten money with more of the same: American taxes piggy bank, lies to hit up donors, Saudi friends who nod their heads “Okay, tayyib,” and, of course, selling thingamajigs made in China to fools in red caps.

  32. Oh it couldn’t have happened to a more deserving, family of greedy corruptos.

  34. From a second source (Yahoo Finance)

    >The Trump family’s crypto portfolio has been hit across nearly every venture they touched.

    >Their Trump-branded memecoin reached its latest peak on November 10 at $9.49 but has since plummeted to $6.20 — a nearly 35% drop in just a few days. The family’s exact stake is unclear, but estimates suggest the drop erased about $117 million from their holdings.

    >Trump Media, the parent company of Trump’s social media platform Truth Social, has also suffered losses, particularly after it decided to invest $2 million worth of Bitcoin in July.

    >Bloomberg estimates that the value of the president’s stake in the company has dropped by roughly $800 million since September. Trump remains its largest shareholder, with his holdings placed in a trust managed by his eldest son, Donald Trump Jr.

    >Meanwhile, WLFI has seen its token price decline from $0.26 in early September to roughly $0.15. The decline cut Trump’s locked token value almost in half, dropping from nearly $6 billion to around $3.15 billion.

  37. He will just need to steal more from us to make up for it .

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