Family loses billions amid digital asset selloff
Take the crypto platform they co-founded, World Liberty Financial: The Trump family has seen their holdings of the affiliated token decline in paper value — but they’re still entitled to a portion of proceeds from selling the token, regardless of prices.
“Retail investors can only speculate,” said Jim Angel, a finance professor at Georgetown University. “The Trumps can not only speculate, but they can create tokens, sell them and make money off those transactions.”
“What a great buying opportunity,” Eric Trump says of the crypto crash.Credit: Bloomberg
Bitcoin traded above $US88,600 on Tuesday morning AEDT, recovering from Friday’s drop to just above $US80,500.
This is a snapshot of how the Trump family’s crypto-linked…
