Crypto Craze Provides Trump With Exactly What He Needs—Cash
Inaugural income: Buzz around Trump’s crypto ventures provided Donald Trump with piles of cash as reclaimed the White House. (AP Photo/Evan Vucci)
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Donald Trump released a digital meme on Friday, sparking a trading frenzy that led to reports that he had instantly added tens of billions of dollars to his fortune. Nonsense. Those numbers are based on theoretical prices for crypto assets that Trump cannot sell right now, which is why Forbes values them at zero, in keeping with our methodology of generally excluding unsellable assets from net worth tallies. The crypto that Trump has already offloaded, however, did bolster his fortune, adding hundreds of millions of dollars in liquid…
