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Crypto and Prediction Markets – Mother Jones

Crypto and Prediction Markets – Mother Jones

Donald Trump smirking in a blue suit and white shirt.

Businesses Trump owns have invested heavily in Bitcoin—one reason that Truth Social’s parent firm has lost more than $1 billion in its short life.AP Photo/Jacquelyn Martin

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In a Truth Social post Wednesday, President Trump typed out a lengthy paragraph on the necessity of protecting the prediction and crypto markets, taking the opportunity to label a slew of Democrats “scum,” call the US the crypto capital of the world, and claim prediction markets are a new form of financial market.

He didn’t say that he and his family are heavily invested in both sectors.

Trump does seem to have…

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