tldr; Donald Trump’s media company, Trump Media and Technology Group, invested $2 billion in Bitcoin during the summer, aiming to capitalize on the cryptocurrency’s rising value. However, Bitcoin’s price has since dropped by 12%, leading to significant financial losses for the company and Trump personally. Trump Media’s stock has also declined, erasing billions from Trump’s net worth. Despite the initial optimism, the investment has not yielded the expected returns, and the company’s valuation has significantly decreased.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
steepleton on
He’s killed the golden goose to make crappy trump steaks of it
DryMyBottom on
unfortunately for us the time is always right for slimy, greedy and corrupt politicians
RosieDear on
It’s really hard to lose as much money as Trump does and did, but he is showing us how!
Keep in mind – his inheritance if he parked it…..
In he S&P – would be 20 Billion today.
In Warren Buffets Stock – would be 200 Billion today.
In Gold (bad investment) 4-5 Billion Today.
His net worth prior to the crypto grifts that go up and down – was abou 2.5 B…often dropping to below 1 B.
In other words, a Monkey throwing feces at the newspaper stock listing would likely have beat this „genius“ businessman at wealth accumulation.
akisawa on
You do understand what now is the best timing to buy into BTC?
Which is what corporations doing right now, while dumb degen gamblers get their garbage casino trades liquidated and selling their stash?
hasanDask on
Clueless article. Trump family has made billions manipulating the market so far.
ICE-FlGHT on
Lmao really?
This is slop.
Orange guy didn’t do shit
Isn’t now the best time to buy anyways? Make your mind up crypto peeps
Glittering-Quail5848 on
lol he already cashed out his grift alt coins and put that money in the bank
meowctopus on
wtf are you talking about Forbes, he’s been raking in millions by manipulating the market
muuuurderers on
We rather he spends his moneynon BTC, than kids
ctgjerts on
dumbshit bankrupted casinos. how anyone is surprised everything he touches turns to shit is beyond me.
exsertclaw on
I own crypto for gambling. The thing BTC is missing is the legitimacy. Still. I can’t pay my taxes with it so I have to exchange it to USD. Well when you fire everyone from their jobs they need that legit currency and cash out. This crash was inevitable but blob man likes his cake and to eat it too.
homerthethief on
It’s called a Trump and Dump
Shillfinger on
the farting fiddler gets fiddled
Skolsong on
Like he cant tweet and double is investment in a week
MoonBaby812 on
Fk this old azz con man, pos.
ThatChrisGuy7 on
Yeah crypto is mainly a way to siphon money to the corrupt top few
Worried-Jury7078 on
Donnie working on his 7th bankruptcy.
Major-Rabbit1252 on
If you think he’s bought at ATH then you’re so naive lol
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tldr; Donald Trump’s media company, Trump Media and Technology Group, invested $2 billion in Bitcoin during the summer, aiming to capitalize on the cryptocurrency’s rising value. However, Bitcoin’s price has since dropped by 12%, leading to significant financial losses for the company and Trump personally. Trump Media’s stock has also declined, erasing billions from Trump’s net worth. Despite the initial optimism, the investment has not yielded the expected returns, and the company’s valuation has significantly decreased.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
He’s killed the golden goose to make crappy trump steaks of it
unfortunately for us the time is always right for slimy, greedy and corrupt politicians
It’s really hard to lose as much money as Trump does and did, but he is showing us how!
Keep in mind – his inheritance if he parked it…..
In he S&P – would be 20 Billion today.
In Warren Buffets Stock – would be 200 Billion today.
In Gold (bad investment) 4-5 Billion Today.
His net worth prior to the crypto grifts that go up and down – was abou 2.5 B…often dropping to below 1 B.
In other words, a Monkey throwing feces at the newspaper stock listing would likely have beat this „genius“ businessman at wealth accumulation.
You do understand what now is the best timing to buy into BTC?
Which is what corporations doing right now, while dumb degen gamblers get their garbage casino trades liquidated and selling their stash?
Clueless article. Trump family has made billions manipulating the market so far.
Lmao really?
This is slop.
Orange guy didn’t do shit
Isn’t now the best time to buy anyways? Make your mind up crypto peeps
lol he already cashed out his grift alt coins and put that money in the bank
wtf are you talking about Forbes, he’s been raking in millions by manipulating the market
We rather he spends his moneynon BTC, than kids
dumbshit bankrupted casinos. how anyone is surprised everything he touches turns to shit is beyond me.
I own crypto for gambling. The thing BTC is missing is the legitimacy. Still. I can’t pay my taxes with it so I have to exchange it to USD. Well when you fire everyone from their jobs they need that legit currency and cash out. This crash was inevitable but blob man likes his cake and to eat it too.
It’s called a Trump and Dump
the farting fiddler gets fiddled
Like he cant tweet and double is investment in a week
Fk this old azz con man, pos.
Yeah crypto is mainly a way to siphon money to the corrupt top few
Donnie working on his 7th bankruptcy.
If you think he’s bought at ATH then you’re so naive lol