Trump Family’s Wealth Drops by $1 Billion in Crypto Crash

The crypto market has experienced a significant downturn, with valuations dropping from nearly $4.3 trillion to below $3 trillion, affecting many investors, including the Trump family.

The Trump family's net worth decreased by $1 billion over the past month, now approximately $6.7 billion, down from $7.7 billion in September.
Their crypto portfolio faced major losses, impacting entities like President Trump's memecoin TRUMP, Eric Trump's Bitcoin mining firm American Bitcoin (ABTC), and Truth Social.
Trump Media & Technology Group (TMTG) saw its shares hit a record low, resulting in an $800 million decline in Trump's stake since September.
TMTG invested heavily in Bitcoin, acquiring 11,500 BTC when prices were around $115,000. Prices have since dropped about 25%.
World Liberty Financial (WLFI), another key Trump family crypto operation, fell in value from $0.26 to $0.15, reducing its valuation from $6 billion to just over $4 billion.

Eric Trump remains optimistic, viewing the market declines as a potential buying opportunity. Despite financial challenges, he believes those who embrace market volatility may emerge as long-term winners in cryptocurrency.

The market's leading cryptocurrency, Bitcoin, recovered 1.5% on Monday to $88,430 after hitting an 8-month low of $80,000 last Friday, remaining 30% below its all-time high of $126,000 in October.

Crypto