>Since August, a memecoin named after Trump, TRUMP, has plummeted in value by about a quarter; Eric Trump (Trump’s second son) has seen his stake in a Bitcoin mining company shrink by nearly half from its peak; and the Trump Media & Technology Group, which started accumulating Bitcoin this year, has seen its stock price plummet to near historic lows.
namastayhom33 on
Its not a crash unless it hits 0
RepulsiveLoquat418 on
coolcoolcool
MysteriousTruck6740 on
They’ve all already dumped their holdings. It was a cash grab. Money is all probably being held in Qatar or UAE.
XavierTempus on
Where are the Trump phones?! Those “made in the USA” patriotic phones folks played a $100 deposit for?
PestoPastaLover on
So is the play here to run from TRUMP coin to this shit? ABTC… ffs… you what they say about a fool and his money?
PastelFury_ on
Lol, man, ain’t that the kicker? Crypto’s a wildcard, always has been. Ppl think they can tame it, but it’ll buck ya off just to remind ya who’s boss. IDK though, I’ve always felt like with great risk comes great reward, ya know? IMHO, gotta ride those highs and lows, mate. Ain’t a game for the faint of heart. Cryptos are rollercoasters, y’all gotta buckle up!
NPVT on
That’s good. The crypto people seem to be largely bad.
ShinLiberal on
Womp womp. Play stupid games…
uniklyqualifd on
It was a scam and the trumps have moved the profits elsewhere.
dominarhexx on
It eliminates value, not wealth. The coins are still there waiting for a rebound. Only way to eliminate that wealth would be to end cryptocurrency.
QuantumLeaperTime on
Lol, no. Trump has already laundered all his bribes through. They dont care about the value now. They cashed out 100s of millions already from bribes and morons buying in.
Kneph on
I really don’t care, do u?
Reasonable_Piece_400 on
That’s fine, he’ll just use taxpayer money to prop up the cryptos he’s invested in until he’s offloaded his bag.
Historical_Bend_2629 on
Trump and his family have billions of dollars. His followers? Not so much. Don’t conflate the two.
LeeShakerMoneyMaker on
Great. Now the Cryptobros are gonna start scalping Pokemon cards like the Sneakerheads.
Brusion on
No, it’s eroding wealth for the followers. Trump’s family/friends/fellow gangsters sold at the peak. The followers are the mark.
cazzipropri on
It’s laundered money anyway.
Lefty1992 on
So sad.
professorjade on
Good.
justfortherofls on
Biden’s son once sent an email that said 10% for the big guy. That proves without a doubt that Biden was a corrupt president. Biden Jr., working for the board as a Barista made a million dollars! That’s corruption clear and cut!… so what if Trump is making literal BILLIONS in untraceable money… and isn’t hiding it at all… sure let’s look away from that!
Republicans never get to complain about corruption again.
Procrastin8rPro on
Good.
Icy_Alps_5479 on
Most garbagy family in the US.
OooSheGotFreckles on
Rug pull incoming
Dame2Miami on
They’re probably causing the downturn themselves by selling all the fake digital shit they’ve amassed
rickroll10000 on
good
Historical_Bend_2629 on
“Crypto Crash” is not a geological force. Greedy billionaires still wealthy, “followers” lost some money.
iwatchppldie on
The worst part is the fact one day this will be history people might remember this for 100s of years. Kinda like how we remember the dust bowl as abject manmade stupidity or “let them eat cake”.
kaykatzz on
Can never find my tiny violin when I need it!
kungfoojesus on
I don’t say this to anyone in particular but those that invest in Trump based crypto can have their money burned for
All I care. More than deserving
moderatenerd on
We are watching the destruction of MAGA in real time. The midterms are gonna be a wash of blue and by then Trump and Co will do stuff that will piss off just about everyone.
31 Comments
Bloomberg: As the Crypto Market Crashes, the Trump Family and Its Supporters See Their Wealth Plummet
https://www.bitget.com/news/detail/12560605080122
>Since August, a memecoin named after Trump, TRUMP, has plummeted in value by about a quarter; Eric Trump (Trump’s second son) has seen his stake in a Bitcoin mining company shrink by nearly half from its peak; and the Trump Media & Technology Group, which started accumulating Bitcoin this year, has seen its stock price plummet to near historic lows.
Its not a crash unless it hits 0
coolcoolcool
They’ve all already dumped their holdings. It was a cash grab. Money is all probably being held in Qatar or UAE.
Where are the Trump phones?! Those “made in the USA” patriotic phones folks played a $100 deposit for?
So is the play here to run from TRUMP coin to this shit? ABTC… ffs… you what they say about a fool and his money?
Lol, man, ain’t that the kicker? Crypto’s a wildcard, always has been. Ppl think they can tame it, but it’ll buck ya off just to remind ya who’s boss. IDK though, I’ve always felt like with great risk comes great reward, ya know? IMHO, gotta ride those highs and lows, mate. Ain’t a game for the faint of heart. Cryptos are rollercoasters, y’all gotta buckle up!
That’s good. The crypto people seem to be largely bad.
Womp womp. Play stupid games…
It was a scam and the trumps have moved the profits elsewhere.
It eliminates value, not wealth. The coins are still there waiting for a rebound. Only way to eliminate that wealth would be to end cryptocurrency.
Lol, no. Trump has already laundered all his bribes through. They dont care about the value now. They cashed out 100s of millions already from bribes and morons buying in.
I really don’t care, do u?
That’s fine, he’ll just use taxpayer money to prop up the cryptos he’s invested in until he’s offloaded his bag.
Trump and his family have billions of dollars. His followers? Not so much. Don’t conflate the two.
Great. Now the Cryptobros are gonna start scalping Pokemon cards like the Sneakerheads.
No, it’s eroding wealth for the followers. Trump’s family/friends/fellow gangsters sold at the peak. The followers are the mark.
It’s laundered money anyway.
So sad.
Good.
Biden’s son once sent an email that said 10% for the big guy. That proves without a doubt that Biden was a corrupt president. Biden Jr., working for the board as a Barista made a million dollars! That’s corruption clear and cut!… so what if Trump is making literal BILLIONS in untraceable money… and isn’t hiding it at all… sure let’s look away from that!
Republicans never get to complain about corruption again.
Good.
Most garbagy family in the US.
Rug pull incoming
They’re probably causing the downturn themselves by selling all the fake digital shit they’ve amassed
good
“Crypto Crash” is not a geological force. Greedy billionaires still wealthy, “followers” lost some money.
The worst part is the fact one day this will be history people might remember this for 100s of years. Kinda like how we remember the dust bowl as abject manmade stupidity or “let them eat cake”.
Can never find my tiny violin when I need it!
I don’t say this to anyone in particular but those that invest in Trump based crypto can have their money burned for
All I care. More than deserving
We are watching the destruction of MAGA in real time. The midterms are gonna be a wash of blue and by then Trump and Co will do stuff that will piss off just about everyone.