Trump launches new crypto venture, takes profit early, leaving supporters broke

Donald Trump, from inside the White House, has pushed a new crypto ￰0￱ time, it’s dressed up as a “crypto treasury” ￰1￱ just like the last two times, his base is paying the ￰2￱ setup is simple: Trump cashes out ￰3￱ else eats the ￰4￱ to The Wall Street Journal , the strategy looks eerily familiar to anyone who’s watched his past financial ventures blow up in supporters’ ￰5￱ playbook hasn’t ￰6￱ burns backers again with Truth Social collapse When Trump dropped his Truth Social platform through Trump Media & Technology Group, fans jumped ￰7￱ those who didn’t get in before it changed its ticker to DJT got ￰8￱ stock is now down 52% from right before the ￰9￱ the high it reached a week later, it’s dropped 73%.

Not learning the lesson, many went straight into $TRUMP, his personal memecoin launched in ￰10￱ buyers flipped profits ￰11￱ anyone who joined after the first 24 hours got wiped ￰12￱ the day Trump was sworn in again, it had fallen 90%. That’s still better than $Melania, which did even ￰13￱ only thing that half-worked was the NFT ￰14￱ sold $99 digital trading cards of himself posing as everything from a superhero to a space ￰15￱ NFTs hit a floor price of almost $800 at one point. Today, the cheapest one goes for around $200. But over the last week, individual sales have bounced between $82 and $846.

Like always, late buyers lost the ￰16￱ comes a new pitch: a “crypto treasury” company modeled after what Michael Saylor pulled off with MicroStrategy, now renamed Strategy. Saylor’s model is simple: use company cash, debt, and equity to buy bitcoin ￰17￱ now holds more than 3% of all bitcoin in circulation, worth $70 billion. Trump’s family saw the hype and copied the structure, but swapped out bitcoin for a token called ￰18￱ coin comes from World Liberty Financial, a company co-founded by Trump and his ￰19￱ part of the fundraising, World Liberty took a stake in crypto firm Alt5 ￰20￱ campaign is trying to raise $1.5 billion to buy WLFI ￰21￱ Trump, Trump’s son, now sits on Alt5’s ￰22￱ is scheduled to go live in ￰23￱ it doesn’t offer ownership, profits, or anything ￰24￱ gives holders just 5% of the vote in the governance of USD1, a dollar-backed stablecoin controlled by World Liberty.

That’s ￰25￱ has a ￰26￱ doesn’t. It has no track ￰27￱ only value? Buying it is a public show of loyalty to ￰28￱ the holdings are massive enough to trigger disclosures, no one would even know you hold any. Meanwhile, Trump holds a mountain of ￰29￱ a company tied to him is entitled to take 75% of any WLFI sold by World Liberty.

That’s where the money ￰30￱ in the ￰31￱ the ￰32￱ profits don’t go to the ￰33￱ go straight back to ￰34￱ Lamont, a portfolio manager at Acadian Asset Management, said , “This phenomenon violates every principle of finance. Before, people had to do complicated things to bamboozle ￰35￱ they can just do the simple thing.” And there’s history to back him ￰36￱ that trade way above their actual asset value never hold ￰37￱ Taiwan Fund, launched in 1986, once had a premium of 300%. Today, it trades below the value of its ￰38￱ Tech100, which has private equity stakes in SpaceX and OpenAI, soared to 20 times its asset value before falling ￰39￱ still trades at a premium, but far from the ￰40￱ when Trump promises infinite upside, remember the cycle: he cashes in first, and everyone else gets left ￰41￱ is no such thing as a perpetual money ￰42￱ even in ￰43￱ Bybit now and claim a $50 bonus in minutes