The Trump family has recorded more than $1 billion in losses as its crypto-linked investments collapsed during the recent market downturn.
Bloomberg reports that their portfolio has sharply declined over the past few months, driven by a steep fall in the TRUMP memecoin, which has lost another 25% since August.
Eric Trump’s Bitcoin mining venture has also seen its valuation cut nearly in half, while Trump Media shares have sunk to near-record lows despite Bitcoin accumulation. The family’s net worth has now slipped from $7.7 billion to $6.7 billion.
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