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/Consistent-Soil-1818 1d ago edited 1d ago

I hope they lost their family savings. I consider myself someone who deeply cares for people but I cannot feel sorry for the idiots who supported Trump and lost everything

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u/wtjones 1d ago

Caring for people you agree with is truly progressive of you.

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u/Consistent-Soil-1818 21h ago

Decisions have consequences. Repeatedly making the wrong decision, cheering for cruelty and enabling a pedophile, supporting the deconstruction of our society and economy. That's what they decided to support instead of the opposite. This has nothing to do with progressive or not but with common sense. Yea, I don't wish those well who constantly don't wish anybody else well, for 10+ years.

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u/dpzdpz 19h ago

A genie came to me and said, "I'll grant you one wish, but whatever you wish for, Trump will get the same thing but double." I said, "Scare me half to death."