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groundloop

(13,518 posts) Tue Dec 2, 2025, 03:43 PM 2 hrs ago

Bitcoin sell-off halts Trump family's crypto windfall

Source: ABC News

President Donald Trump and his family have boasted of going "all in" on cryptocurrencies -- but a recent downturn in bitcoin has pummeled digital asset investors, including the Trumps, who by one estimate have had roughly a billion dollars of their net worth erased in just a matter of weeks.

Bitcoin dropped as much as 8% in trading on Monday, at one point falling below $85,000 -- shedding 30% from its all-time high in early October, when bitcoin was trading at more than $125,000.

Analysts at Deutsche Bank said last week that $1 trillion in value has been wiped out of the crypto market globally since early October. The analysts said traders dumped riskier assets in the crypto sector amid questions about the strength of the economy and stalled momentum on digital asset regulation.

Fueled by the Trump administration's abandonment of several high-profile regulatory challenges to the industry, the price of bitcoin and other digital assets soared in the months following Trump's inauguration, bolstering the Trump family's net worth by hundreds of millions of dollars, according to an ABC News analysis.

Read more: https://abcnews.go.com/US/bitcoin-sell-off-halts-trump-familys-crypto-windfall/story?id=128035773

5 replies

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Bitcoin sell-off halts Trump family's crypto windfall (Original Post) groundloop 2 hrs ago OP

Good... I hope Baron and Junior and that Lurch looking spare child all go broke too! (n/t) Moostache 2 hrs ago #1

Well shithole knows about bankruptcies..... Lovie777 2 hrs ago #2

They literally did nothing to earn it mdbl 2 hrs ago #3

Crypto needs to die, IOW be unilaterally declared illegal and worthless by all the world's governments AZJonnie 2 hrs ago #4

Gee, how incompetent of them. ananda 2 hrs ago #5

Moostache

(10,945 posts)

1. Good... I hope Baron and Junior and that Lurch looking spare child all go broke too! (n/t)

Reply to groundloop (Original post)

Tue Dec 2, 2025, 03:47 PM

2 hrs ago

Lovie777

(21,299 posts)

2. Well shithole knows about bankruptcies.....

Reply to groundloop (Original post)

Tue Dec 2, 2025, 03:49 PM

2 hrs ago

and he and the republicans are heading the USA into bankruptcy.

mdbl

(7,934 posts)

3. They literally did nothing to earn it

Reply to groundloop (Original post)

Tue Dec 2, 2025, 03:54 PM

2 hrs ago

and they probably still have most of the grift so I don't think it even makes them think twice.

AZJonnie

(2,462 posts)

4. Crypto needs to die, IOW be unilaterally declared illegal and worthless by all the world's governments

Reply to groundloop (Original post)

Tue Dec 2, 2025, 03:54 PM

2 hrs ago

The idea that flagrantly wasting valuable (in most cases, finite) resources (i.e. non-entropic ENERGY) produces something inherently "of value" is FUCKING PREPOSTEROUS and OFFENSIVE. It's literally like paying someone cash for burning their house down.

It may well be the single stupidest fucking idea that humans have ever come up with (esp. at this point in time when we know what's happening to the climate), and anybody that invests in it? Frankly I don't care if they lose all their money.

No offense to any DUer's with said investments, but suffice to say, I wish you would get your money out of it. The entire idea behind it is WRONG and EVIL.

On Edit: I also think MINING crypto should be a felony, just like counterfeiting is.

ananda

(34,147 posts)

5. Gee, how incompetent of them.

Reply to groundloop (Original post)

Tue Dec 2, 2025, 03:56 PM

2 hrs ago

!@#$%

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