Trump and his sons have added at least $2.3 billion to the family fortune from crypto, while the investors they've wooed have taken a $2.3 billion hit
http://www.reuters.com/investigations/under-trump-crypto-playbook-family-always-wins-investors-dont-2026-06-09/Open linkView original on lemmy.zip
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But they're not investing in Trump crypto... This is literally a way to pay Trump. It's foreign governments and influential families that need favors from him. It's not poor investors losing their savings, it's rich assholes and governments giving trump money out in the open.
It's both. Trump has actively encouraged buy-in and credibly been accused of having first let key investors in on the ground floor, so the value skyrockets when it's announced, the insiders sell at substantial profit, and the MAGA marks see the bottom fall out of their "investment" shortly afterwards.
I'm not sympathetic with the victims, but it's still predatory.
I was going to make a joke about misspelling "patsy" as investor, but damn you're right.
I'm not even USian and even I know anything Trump puts his name on, is basically shite. The level of propaganda being swallowed by USians is just absurd.
makes sense when you consider that greed, "fuck you got mine", and celebrity worship are core tenets of American culture
Have you ever seen Fox News? It's on TVs in public fucking everywhere. I miss having an IR blaster in my phone, and I'm certain the phone companies took them away because of people like me that would turn off the TV repeatedly rather than listen to that shit.
You might try a Flipper. The open cars and change jukeboxes. IR, RF, and GHz frequencies.
I'm sure there are some dopes who buy his crap at face value, but anyone spending real money on it knows it for what it is: bribe money
Whomp whomp
At least the leopards are eating each other this time.
If the name Trump is attached to anything it just tells me not to touch it. It's like a biohazard sign.
See, conservatives do believe in redistribution of wealth.
It's a strange way to write a subheadline. I thought they were all about removing redundant wording?
I mean technically he didn't even steal anything.
That's how all crypto works
Tell me that you haven't been paying any attention for the last decade, without telling me that you haven't been paying any attention for the last decade.
Nailed it.