Trump Family Amasses $5B Fortune After Crypto Launch | Hacker News Reader

Trump Family Amasses $5B Fortune After Crypto Launch

wsj.com

35 pointsthrow0101d11 comments

https://archive.today/https://www.wsj.com/finance/currencies...

He's a crypto grifter. It's sad that we're allowing crypto back into mainstream because the president wants to sell shitcoins and NFTs.

It is ironic that a grifter would give cryptocurrencies a bad name. (semi-/s)

All the folks that want cryptocurrencies to be more accepted as legitimate financial vehicles should be up in arms about this. The crypto-skeptics of course see this as more evidence confirming their point of view.

He's not just selling for the fun of it. He sold his own shitcoin in a scheme where the highest bidder got direct access to him at a dinner.

It's textbook corruption in plain sight for all to see. As Schiff said when this went down, approximately around the doge peak: the only thing he's doing more efficiently than biden is facilitating corrpution.

> He sold his own shitcoin in a scheme where the highest bidder got direct access to him at a dinner.

Mar-A-Lago initiation fees went from $100K to $1000K/$1M after he became President (again).

The New Yorker recently released a article/video "How Much Money Is Trump Profiting from the Presidency?":

* https://www.youtube.com/watch?v=cpOE3aAt8XU

* https://www.newyorker.com/magazine/2025/08/18/the-number

The title doesn't make it clear (though the article does state it immediately)... this is on paper only. If they cash in, they crash their own market, so while this is 100% corrupt and problematic... they aren't going to ever see that money.

> If they cash in, they crash their own market, so while this is 100% corrupt and problematic... they aren't going to ever see that money.

If they cash in all at one that may happen. If they 'DCA' themselves out over a period of 2-3 years (before 2028) then a crash is less likely to occur.

It's a memecoin, there's basically zero chance the price will stay high that long.

That’s what I thought about $TSLA, but here we are.

its a trump memecoin, it has one job and its doing it.

> If they cash in, they crash their own market…

Not if someone on the other end props it up.

There are plenty of foreign governments for whom $5B to buy a big favor from POTUS would be a no-brainer.

Reply on news.ycombinator.com