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Bloomberg: Trump Family Wealth Increases by at Least $620 Million in Months Through Cryptocurrency Investments
Summary: Bloomberg reports that the Trump family has reshaped their wealth by at least $620 million through cryptocurrency investments, leveraging their fame and connections to profit from digital assets at a faster rate than traditional real estate ventures. Projects like World Liberty Financial and Trump-themed meme coins have increased their wealth by at least $620 million ...
Bloomberg reports that the Trump family has reshaped their wealth by at least $620 million through cryptocurrency investments, leveraging their fame and connections to profit from digital assets at a faster rate than traditional real estate ventures. Projects like World Liberty Financial and Trump-themed meme coins have increased their wealth by at least $620 million in just a few months. World Liberty Financial platform issued branded tokens and stablecoin USD1, achieving $550 million in token sales in March, with the Trump family receiving $390 million. The family also holds 22.5 billion non-circulating tokens (valued over $2 billion at June trading prices), with Trump-themed meme coins controlled by affiliates accounting for 80% of the supply, marketed through events like the 'Token Holder Gala.' Additionally, American Bitcoin company (spun off by a Trump-affiliated investment bank) plans to go public, potentially adding another source of hidden wealth for the family. (Bloomberg)
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Link: Bloomberg: Trump Family Wealth Increases by at Least $620 Million in Months Through Cryptocurrency Investments [Copy]
