Crypto crash wipes $1.5b off Trump family wealth
In President Donald Trump’s second term, crypto assets transformed his family’s wealth. Now the Trumps — and their followers — are getting a crash course in the wild volatility ingrained in digital currencies.
The value of a Trump-branded memecoin has fallen by about a quarter since August. Eric Trump’s stake in a bitcoin mining venture has shed roughly half its value from its peak. And shares of Trump’s social media company, which started hoarding bitcoin this year, are hovering near an all-time low.
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Bloomberg Wealth
