The downturn in the cryptocurrency market has had a significant impact on the investment portfolio of US President Donald Trump's family.
According to Bloomberg, the Trump family's net worth shrank from $7.7 billion in early September to $6.7 billion. The primary losses stemmed from the declining value of tokens and stocks in various cryptocurrency projects in which the family had actively invested over the past few months.
World Liberty Financial, which holds a substantial amount of WLFI tokens, has been hit the hardest. The asset's price plummeted from $0.26 in September to $0.15, leading to a reduction in the family's locked assets from $6 billion to $3.15 billion. Trump Media has also reported significant losses. The company acquired approximately 11,500 Bitcoins at a price of $115,000 each, while the value of BTC then settled at around $86,000. Additional losses came from substantial purchases of CRO tokens, the value of which has nearly halved. Furthermore, Trump Media’s stock has plummeted 66% over the past year and is currently trading near its all-time low.
American Bitcoin, a mining company associated with Eric Trump, has also suffered losses, falling by 50% from its September high of over $9 per share. This drop has reduced Eric Trump's stake by more than $300 million.
