Ahmed Kamel – Egypt Daily News
The Trump family’s high-profile bet on cryptocurrencies has hit a major setback, as a sharp downturn in bitcoin and other digital assets has erased roughly $1 billion from their net worth in recent weeks.
Bitcoin fell as much as 8 percent on Monday, dipping below $85,000 at one point, a 30 percent drop from its all-time high of more than $125,000 in early October. Analysts at Deutsche Bank noted that approximately $1 trillion in value has been wiped from the global crypto market since early October, as investors reassess riskier digital assets amid concerns over economic momentum and stalled regulatory progress.
Over the past year, the Trump family has built a sprawling cryptocurrency portfolio, including a meme coin, a bitcoin mining company, and a digital asset platform called World Liberty Financial, which has issued multiple tokens. The family benefited from a surge in crypto prices following President Donald Trump’s inauguration, partly fueled by the administration’s decision to abandon several high-profile regulatory challenges, boosting the family’s net worth by hundreds of millions of dollars.
But the recent market sell-off has reversed much of those gains. Shares of Trump Media and Technology, the family’s media company that has increasingly ventured into crypto, fell 5 percent on Monday and are down roughly 70 percent since Trump’s inauguration earlier this year. The $TRUMP meme coin has plummeted to $5.73 from a peak of about $45, representing a nearly 90 percent decline since the start of the year. Meanwhile, World Liberty’s digital governance token has lost roughly half its value since its September launch.
According to the Bloomberg Billionaires’ Index, the family’s net worth has fallen from $7.7 billion to $6.7 billion since early September. Despite these losses, the Trumps remain bullish on cryptocurrencies. Eric Trump described the bitcoin downturn as a “great buying opportunity,” continuing to promote the family’s crypto ventures via social media and communications to supporters.
The sell-off underscores the inherent volatility of digital assets, highlighting the rapid swings in value that can affect even high-profile investors.
