wrong word, nearly billion stolen from the idiots who put their money into the scam

I don’t believe for a second his family is holding the bag.

title sounds like Trump invested in something and lost but actually this was a grift for Trump to steal money from idiots

It wasn't a business, it was a pipeline for bribes. It's been a success.

Yeah it's called pump and dump, they probably walked away with most of it

The Trump crypto value has nothing to do with any economic outlook. It's the bribe gratuity funnel for the Trump family.

1. Create tokenized item with no actual value (Z = 0)
2. get people to spend real money on random token.
3. collect the money at a high arbitrary value (X)
4. Collect the money at a lower, yet still arbitrary value (Y)
5. Enjoy X+Y-Z profits

Trump never put his money in any of it. He created a random token out of thin air and people willing threw money at it.

It probably crashed as they dumped it. How is this bad for them?

So unshocking!

does it matter. weren't those setup so they got a slice of every transaction? If I that is the case and I understand it right then any activity is essentially money to them.

Going anywhere near any of Trump's businesses is a guarantee for losses and regret. In Trump's world there are only very few winners, basically only the ones paying for pardons. And it'll be interesting to see if even this is worth it in the long run.

This fake ass economy will only stay afloat for as long as the plutocrats can stomach setting their cash on fire. One by one each pillar will fall and then it will be time to get the guillotine.

Schadenfreude

,haha, who would've thought...