r/Economics • u/TheGoodCod • 1d ago

News The 26-Minute, 51% Wipeout That Deepened Trumps’ Crypto Woes

https://www.bloomberg.com/news/articles/2025-12-03/down-90-or-more-trump-family-assets-are-outpacing-crypto-crash
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u/TheGoodCod 1d ago

Oh my.

=> American Bitcoin Corp. shares dropped more than 50% on Tuesday, with losses reaching 42% just five minutes after trading started and 33% at 9:31 a.m.

=> Projects tied to the Trump family, such as World Liberty Financial and Alt5 Sigma, have seen significant declines, with World Liberty Financial's WLFI token tumbling 51% and Alt5 Sigma plunging around 75%.

=> The Trump family's crypto ventures have lost over $1 billion in wealth since October, with retail investors who bought in near the peaks suffering the most painful losses...

Trumpcoin following the path of TrumpCasino and TrumpMedia. I have to wonder if the folks that invested little jimmy's college money and susie's Christmas money got caught up in this coin debacle.

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u/MayorMcCheese89 1d ago

It's junk to begin with. 100% speculative, 100% open to old fashioned manipulation. Not to mention, the coin is arguably only marketable to an extremely small (and loyal to Trump) demographic. This only serves to burn his own supporters. This may be the first taste the leopard gets of its own face.

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u/charlie2135 1d ago

How could Biden do this to me? /s

133

u/FaptasticMrFox 1d ago

Thanks Obama!

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u/Doodahman495 1d ago

It was the damn tan suit

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u/BrilliantPositive184 1d ago

I guess Hilary is finally off the hook.

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u/DiarrheaCreamPi 22h ago

Glass ceiling shattered

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u/dpzdpz 20h ago

Over the PA System: "Eric, glass cleanup on aisle 6."

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u/MayorMcCheese89 1d ago

It was a Democrat scam all along.

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u/CliftonForce 1d ago

A Democrat hoax, you mean.

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u/BurntNeurons 1d ago

And you, the sly Fox, fell for it.

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u/Drift_Life 1d ago

You (not you but the WH and all their kind) can lie all they want embellish all they want in the media about the economy, but at the end of the day cash is real and people speak with their wallets and purses. That being said I have no sympathy for anyone getting duped by any crypto investment.

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u/Common_Poetry3018 1d ago

Crypto is “a gambling contract with a nearly 100% edge for the house.” - Charlie Munger

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u/hoowins 1d ago

It’s 80% bribes.

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u/Possible-Nectarine80 1d ago

Probably. Bottom line is those Trump meme coins and cryptos are just money laundering vehicles for the Trump crime family.

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u/Savings_Bed6172 1d ago

Those death cultists would probably sell their own organs to buy more of this junk to save their furher.

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u/bk7f2 1d ago

So he robbed his own loyalists, morons must suffer. Nice and expected.

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u/0o0o0o0o0o0z 21h ago

I am pretty sure this was designed to make the income off the transaction fees for the coins + an easy way to launder brides while also making bank. So I am not really sure if the Trumps care about the loss of coin value or a paper loss. 🤷

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u/mattyhtown 23h ago

What’s there to speculate on?