The Trump Crypto Scam

Many believe cryptocurrency is a scam but it’s creating a lot of millionaires. I recommended investing a few years ago more than once. If you chose well you made a profit.

~bella

NxNW said:

The topic of this thread is not the validity of crypto as currency, but how the Trump Organization is using the presidency to profit from it.

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bèlla said:

Many believe cryptocurrency is a scam but it’s creating a lot of millionaires. I recommended investing a few years ago more than once. If you chose well you made a profit.

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[Staff Edit]

I don't know if it was intended when the word "cryptocurrency" was coined, but it's not used much as currency, it's held as an investment.

From Chat:

• Payments usage: maybe in the ~20‑30% range of crypto payments (for BTC vs other cryptos) on merchant/checkout systems (based on CoinGate).
• But in terms of all BTC activity including investment/speculation, the payments share is much smaller. If 99% of adoption is speculation (per the analyst), then payments might be <1% of total usage by value or adoption.
• Held (store of value): the large majority of BTC appears to be held rather than used for routine commerce.

NxNW said:

The topic of this thread is not the validity of crypto as currency, but how the Trump Organization is using the presidency to profit from it.

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I’m aware of the topic and included the chart for the sake of the reader. Acknowledging the president’s profits on crypto wouldn’t legitimize its validity for those with concerns. He’s the president after all. Discovering the same through a valid source may compel some to look closer. Whether they’re investors or not. The majority don’t understand it. Nor does my comment prevent you discussing the subject.

~bella

Chesterton said:

Yes, bella. Do please try to stay on topic, which is orange man bad.

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I contribute my share to the cause! ;-)

Chesterton said:

I don't know if it was intended when the word "cryptocurrency" was coined, but it's not used much as currency, it's held as an investment.

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Now that’s certainly off-topic and depends where you stand on the possibility of digital currency on the horizon and stablecoins too. Nevertheless, profits are being made whether it results in that or not.

~bella

NxNW said:

The topic of this thread is not the validity of crypto as currency, but how the Trump Organization is using the presidency to profit from it.

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That's an awful lot of people who are going to have a lot less when they realize what there nothing is worth. Looks like the TO has managed to cash out nearly a billion in real cash.

NxNW said:

Exactly! An argument can be made that investing maybe 1% of your holdings in crypto is a reasonable way to potentially boost returns with minimal risk, but since crypto has zero intrinsic value, let the buyer beware: the same people who buy stocks also buy crypto. So the two markets are highly correlated and tend to move together, which means crypto doesn't really add diversification.

I had a friend who bought several computers to mine bitcoin and he let them run for weeks on end. Finally he went on vacation and left unsupervised, the computers overheated and shut down. In the end, he basically broke even. Anecdotal, yes, but while the blockchain is a clever piece of ledger engineering, it doesn't make me wanna run out (or sit down) and buy crypto. YMMV.

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I'm a little wary of investing in anything with "crypto" in the name, ever since I lost a bundle when a friend talked me into investing in his cryptohamburger joint.

bèlla said:

Many believe cryptocurrency is a scam but it’s creating a lot of millionaires. I recommended investing a few years ago more than once. If you chose well you made a profit.

~bella

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Crypto really produces nothing other than a constant churn of transactions. It has produced millionaires if they have cashed out. If everyone cashes out what will crypto be worth? Back to nothing and many will lose on the downside. So all it does to me is it just changes who has the money. Again, it is valued at X trillion now and some have some great profits if they have already sold. But with no income stream or no physical presence like gold or silver which can be used in the real world, at some point it will saturate and fall. I suppose there is some long lasting demand by those who do not want their money tracked as much, or if you lived in a nation where you could not hold that nations currency because it is debased.

It also has shown it is tough to keep the money safe. Binance proved that. Those exchanges are not as trustworthy as most governments. Your recommendation was good though, and It might stay around but it will need to have swings in price to keep people interested. Gold and other metals outshined crypto this year.

Richard T said:

It also has shown it is tough to keep the money safe.

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This is true for more real world tangible reasons also. You could lose a key, have device failure, forgetfully dispose of hardware, etc., and suffer enormous consequences. If you're ever feeling down or having troubles in life, you can cheer yourself up by remembering that you're not James Howell, who would possess over 500 million dollars if he hadn't thrown away the wrong hard drive.

Richard T said:

Crypto really produces nothing other than a constant churn of transactions. It has produced millionaires if they have cashed out.

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It’s a speculative asset and it isn’t necessary to hold every investment permanently. Everyone can’t spend hundreds on stocks to get in the game. A smaller barometer for entry can be equally beneficial. My daughter had thousands in her wallet just from air drops alone and we pulled profits when it went up. As with all financial vehicles you have to do your research and be mindful of your circumstances and risk tolerance.

Richard T said:

But with no income stream or no physical presence like gold or silver which can be used in the real world, at some point it will saturate and fall.

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You don’t always need an income stream. Some positions are designed to provide resources in lump sums that can be utilized elsewhere. We put our profits towards our work and purchased equipment and products that would help us generate more income. No two people see the same. I’m applying a professional and spiritual gift of forecasting. That’s what times and seasons is. When I look at an article or hear something of concern it doesn’t end there. Oftentimes a knowing follows and planning begins or the solution is revealed and I focus on implementation. That’s how I think.

Business and finance are areas of strengths for me that’s why I focus on them. But if that isn’t the case for another that doesn’t mean you’re destined for the sidelines. That’s what partnerships are for. You should be building relationships with people who have the knowledge and skills you lack and working together. It isn’t a new principle. Paul demonstrated the same in the bible and if we’re not employing it that’s our fault.

As the OP demonstrates they are. They scratch each other’s back all the time while the majority never follow suit. I’m working with a business associate as we speak who possesses knowledge on Ai and earning a profit. I learned of another today who was using it in ways I hadn’t considered and I plan to reach out to them. But I only discovered it because of a mutual connection. Someone I’ve worked with in the past that’s sharing nuggets on our behalf.

That’s how the world really works. No one’s sitting alone trying to figure things out. They’re reaching out to the one who knows or through a mutual connection who’s familiar with the person or recommends someone instead. Their willingness to help is an outgrowth of your support. When they launch something that’s promising you get involved and create markers on a map that become a network over time. After a while you have connections in several places to draw from.

But as with all things to each his own.

~bella

NxNW said:

Special Report: Inside the Trump family’s global crypto cash machine — Reuters

The U.S. president’s family raked in more than $800 million from sales of crypto assets in the first half of 2025 alone, a Reuters examination found, on top of potentially billions more in unrealized “on paper” gains. Much of that cash has come from foreign sources as Donald Trump's sons have...

stocks.apple.com

The U.S. president’s family raked in more than $800 million from sales of crypto assets in the first half of 2025 alone, a Reuters examination found, on top of potentially billions more in unrealized “on paper” gains. Much of that cash has come from foreign sources...

DUBAI - Eric Trump was in Dubai on family business. Meeting with a Chinese businessman and his associates on the sidelines of a cryptocurrency conference in May this year, the son of U.S. President Donald J. Trump ran through his usual talking points about the inefficiency of traditional banks and his own famous father’s run-ins with financiers.

Then came the pitch. Buy at least $20 million of “governance tokens” in the Trump family’s crypto business, World Liberty Financial, and become part of a venture that Eric Trump predicted would soon embody the future of finance in America...

In the first half of this year, the Trump Organization’s income soared 17-fold to $864 million from $51 million a year earlier, according to Reuters calculations based on the president’s official disclosures, property records, financial records released in court cases, crypto trade information and other sources. Of the first-half total, $802 million – more than 90% – came from Trump crypto ventures, including sales of World Liberty tokens.

That $864 million payday represents actual income – cash flowing, free and clear, into Trump family coffers. Reuters’ calculations were reviewed by half a dozen crypto and real estate experts and a certified accountant who has studied the U.S. Internal Revenue Service’s approach to crypto.

“These people are not pouring money into coffers of the Trump family because of the brothers’ acumen. They are doing it because they want freedom from legal constraints and impunity that only the president can deliver.”
-- Kathleen Clark, law professor at Washington University

"B-b-but Trump's not taking a salary!"

Isn't this what they falsely accused Biden of doing? Though as we all know, Biden never took a single dollar, while Trump's taken nearly a billion (so far).

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Well, maybe that's better than taking in multiple millions from China or insider trading