Reuters has estimated the Trump family’s earnings from crypto projects at $2.3 billion
Reuters has analysed four major cryptocurrency projects linked to Donald Trump and members of his family. These include the TRUMP meme coin, World Liberty Financial, American Bitcoin and AI Financial Corp.
According to the journalists’ findings, following Donald Trump’s return to the White House, these projects generated around $2.3 billion in profits for his family. At the same time, investors who put money into these assets lost roughly the same amount overall.
The investigation notes that the Trump family provided branding, promotion and political visibility for the projects, but invested minimal funds of their own or did not invest at all. Instead, investors financed the projects, counting on the US president’s support for the cryptocurrency industry and on a potential rise in the value of the assets.
Subsequently, according to Reuters, asset prices fell significantly, whilst the Trump family profited from market participants’ investments.
At the same time, some of the experts interviewed by the agency emphasised that investors voluntarily invested in cryptocurrency projects and were aware of the potential risks. Wilbur Ross, the former US Secretary of Commerce during Donald Trump’s first presidential term, stated that people who buy speculative assets must be aware of the risks involved in such investments.
As an example, Reuters cited the story of investor Fatima Elghadavi. She invested $2,000 in the TRUMP meme coin, trusting the Trump brand. By the end of May, the value of her investment had fallen to $120, according to the agency.
According to the investor, the situation resembled a ‘pump and dump’ scheme, where the value of an asset is initially artificially inflated and then plummets.
