It served its purpose. Trump pocketed all that money.
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I thought it was a donation. You’d have to be a special brand of fool to consider it an investment, a real cut above those who would intentionally donate their hard earned money to a billionaire.
Ahh, wait a moment. I see.
3.8 Billion Dollars doesn't disappear. Saying that the buyers "lost" 3.8 Billion Dollars is only telling half the story, and IMO the least important half.
Buyers spent 3.8 billion dollars on a coin that is worthless. So who received the 3.8 billion dollars? Most of it went to the people who sold the coin originally.
In other words, Trump fleeced his base. Again.
I'm not sure he actually fleeced the big buyers. One of the main "problems" in paying a bribe is how to present the payment as something legitimate.
If you can maybe just innocently "invest" in some crypto scheme. Totally legitimate investment, just so happened it failed, oh well.
Just like the amount the working class “lost” during covid was exactly the same amount that the ruling class “earned”.
If you knew anything about crypto, you knew this was huge rug pull bait. Win the election, spin up your own coin. The mindless MAGA base buys it up from the election win hangovers then pull the rug.
Easy money.
reflecting a broader downturn in the sector.
What sector is that, the money laundering sector?
"I love the poorly educated."
And Trump increased his revenue by 2 billion last year…. Funny how that works.
I thought this was just a mechanism for Trump to take bribes?
I'm sure there are idiots who tried to play the pump n dump and some MAGAs who deserve whatever comes to them, but I bet a good number of people who "lost money" were insiders recruited to pump the price for political favors.

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