Discussion
"And crypto has fallen a lot recently. Bitcoin has actually held up better than smaller, more obscure coins, but even so it’s down roughly 25 percent since late October. ...
At this point Bitcoin is largely a Trump trade. Bitcoin’s price surged after Donald Trump won last year, and its recent plunge coincides with a series of Trump political setbacks."
"And crypto has fallen a lot recently. Bitcoin has actually held up better than smaller, more obscure coins, but even so it’s down roughly 25 percent since late October. ...
At this point Bitcoin is largely a Trump trade. Bitcoin’s price surged after Donald Trump won last year, and its recent plunge coincides with a series of Trump political setbacks."
"The Trump family’s net worth has fallen by roughly $1 billion since September, driven by major crypto-related losses including an $800 million drop in Trump’s stake in Truth Social’s parent company after Bitcoin-linked investments fell, a sharp contraction in the World Liberty Financial token’s value (from a peak of $6B to about $3.15B)," (continued in /4)
~ Aaron Parnas
#crypto #Bitcoin #Trump #crime #market #cryptocurrency
/3
https://aaronparnas.substack.com/p/news-white-house-in-turmoil-as-trump
(continued from /3)
"a $300+ million loss tied to Eric Trump’s Bitcoin-mining partnership as shares plunged, and a $117 million decline in Trump’s memecoin, all occurring amid a broader $1T crypto market crash and heightened scrutiny of the administration’s ties to crypto players."
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