Trump’s Crypto Just Plummeted 40% In 26 Minutes And Here’s Why
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…because it’s a grift, always has been.
Don Jr and Eric Trump’s crypto mining company, American Bitcoin, just lost two-fifths of its value, and not just because it’s a valueless asset designed to be dumped. Wait, did I say that out loud?
Yep, almost $1 billion dollars in actual money was wiped off the Trump bros’ fledgling startup in under half an hour, mainly because the lock-up period just ended and all the investors suddenly remembered that they had better things to do with their money.
Naturally, Eric took to X to quell any panic, writing that investors were just exercising their option to “cash in on their profits for the first time which is why we will see volatility… I’m holding all my @ABTC shares – I’m 100% committed to leading the industry.”
Wait, does he not know? Should somebody tell him? Eric, my boy, the first rule of the con is you don’t con yourself…
Crypto? More like, grift-o
Eric’s also the guy who formally bragged on X that American Bitcoin handled 2% of the world’s Bitcoin transactions. Which can’t be true, you’re saying only 2% of bits coined are American? We used to be a real country…
Trump’s sons are also the founders of the shitcoin, World Liberty Financial, which also had a massive crash, down 86% this year. Turns out listing your dad/the president as “co-founder emeritus, whatever that means, isn’t enough to save your floundering business ventures.
In other news, Bitcoin just hit a two-week high, so make of those two pieces of news what you will…
For more news you can’t trust, read this: Trump Has Over $1 Billion In Bitcoin Profits, Does He Know Something We Don’t?
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