$1 Billion Plunge For Trump Family’s Crypto Venture

Donald Trump’s family fortune has taken a big hit as their crypto bets turn sour. According to Bloomberg’s Billionaires Index, the family’s wealth has dropped by more than $1 billion in just a few months, falling from about $7.7 billion in early September to around $6.7 billion now.

The main reason: heavy losses in high-risk cryptocurrencies and meme coins linked to the Trump brand. From $TRUMP to WLFI and American Bitcoin Corp, Trump-branded crypto ventures are now in a steep crash, wiping out a significant chunk of the family’s newly made wealth.

One of the biggest factors is the Trump-branded memecoin $TRUMP, which has lost nearly a quarter of its value in recent months. At the same time, Eric Trump’s stake in a Bitcoin-mining company has fallen by almost half from its peak, cutting hundreds of millions of dollars from the family’s paper gains.

Trump Media & Technology Group, the parent company of Truth Social, has also slumped. The president’s stake in the company has lost about $800 million in value since September, after earlier plans to build a big crypto treasury helped fuel a spike in expectations.

Despite this, Eric Trump is telling investors not to panic. He called the downturn «a great buying opportunity» and said that people who «buy dips and embrace volatility» will be «the ultimate winners», arguing he has never been more optimistic about cryptocurrency and the modernisation of the financial system.

«What a great buying opportunity. People who buy dips and embrace volatility will be the ultimate winners. I have never been more bullish on the future of cryptocurrency and the modernisation of the financial system,» Eric Trump told Bloomberg News.

After Trump returned to the White House, his family’s fortune soared as crypto became their main growth engine. World Liberty Financial’s launch briefly added around $5 billion, Trump-branded tokens like $TRUMP surged, and Eric Trump’s American Bitcoin stake ballooned, pushing overall family wealth well above pre-presidency real-estate levels.