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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsTrump branded Crypto results: $2.3Billion for Trumps, collective $2.3B loss for more than a million investors
https://www.newser.com/story/390721/trumps-make-bank-off-crypto-investors-not-so-much.htmlTrumps Make Bank Off Crypto as Investors Lose Their Shirts
Trump-linked tokens have generated billions for family before tanking
People who bought into the Trump-branded crypto boom have, on paper, largely bought into a bust. Reuters reports that four Trump family ventures in digital assets have together produced at least $2.3 billion in profit for the Trumps since President Trump returned to the White Housewhile more than a million investors collectively show roughly the same amount in losses. The ventures include World Liberty Financial, two Trump-promoted Nasdaq companies (ALT5 Sigma, now AI Financial, and American Bitcoin), and the $TRUMP meme coin.
Across them, Reuters finds a common pattern: the Trumps put in little or no capital, heavily promote the product, collect rich licensing or revenue shares, and exit with gains as prices sink.
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Trump branded Crypto results: $2.3Billion for Trumps, collective $2.3B loss for more than a million investors (Original Post)
BlueWaveNeverEnd
8 hrs ago
OP
Trump's business acumen has always been limited to the most juvenile frauds
Prairie Gates
8 hrs ago
#3
UpInArms
(55,539 posts)1. This 👆🏼
Reuters finds a common pattern: the Trumps put in little or no capital, heavily promote the product, collect rich licensing or revenue shares, and exit with gains as prices sink.
Fleecing the rubes and laughing all the way to the bank.
Fleecing the rubes and laughing all the way to the bank.
dalton99a
(95,864 posts)2. Kick
Prairie Gates
(8,578 posts)3. Trump's business acumen has always been limited to the most juvenile frauds
His whole fucked up family are just pump and dump guys, like a bunch of doo-ta-doos who rent out boiler room office space on Long Island to sell nickel stocks to retirees.
What's remarkable is that people still fall for it.
Of course, among the victims here are the true marks (the MAGA faithful) and the willing victims (those who understand they're paying a barely concealed bribe). So I wouldn't spend a lot of time crying over these suckers.