Donald Trump Suffers Major Losses in Bitcoin During Recent Drop: Here Are the Data

US President Donald Trump's Bitcoin investment, coupled with the recent cryptocurrency market crash, has led to a significant loss of his personal ￰0￱ to Forbes, Bitcoin's drop below $100,000 today negatively impacted Trump's large-scale BTC purchases over the summer. Trump, who had long been skeptical of cryptocurrencies, suddenly turned around in the summer of 2024, becoming a “major crypto advocate.” Trump Media & Technology Group (TMTG) purchased approximately $2 billion worth of Bitcoin in July, with the average purchase cost estimated at $115,000 per ￰1￱ initially seemed like a reasonable investment took a turn for the worse in the last month, with the price of Bitcoin falling 17%.

TMTG shares also lost 24% of their value during the same ￰2￱ double decline has reduced Trump's personal wealth by approximately $490 million, according to Forbes ￰3￱ News: What is Zcash (ZEC), and Why Has It Rallied So Much? Here's Everything You Need to Know Trump's sons, Donald Trump ￰4￱ Eric Trump, were on stage as the investment announcement was made ￰5￱ ￰6￱ that Bitcoin had risen 57% in a year and predicted a further 35–60% increase in ￰7￱ Trump also predicted a 55% annual ￰8￱ a year later, those predictions are starting to look overly ￰9￱ is down about 12% since TMTG's July ￰10￱ 2019, Trump described Bitcoin as “not money, just air, and extremely volatile.” However, with the rise of crypto support in the 2024 elections, the narrative shifted ￰11￱ an event in Nashville, he praised crypto developers, saying, “You're like the modern Edisons, Wright brothers, Carnegies, and Henry Fords.” *This is not investment ￰12￱ Reading: Donald Trump Suffers Major Losses in Bitcoin During Recent Drop: Here Are the Data