• dhork@lemmy.world
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    19 hours ago

    I don’t think you realize how much he is grifting out of crypto right now. It’s mind boggling. Two years ago he was more or less insolvent, now they think he has made over 3 billion in crypto alone.

    The catch is that a lot of that is tied up in crypto tokens that aren’t exactly traded widely. If started dumping the entire amount the price would crater before he could sell it all.

    • Øπ3ŕ@lemmy.dbzer0.com
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      18 hours ago

      You seem exceptionally well-versed in that secret knowledge there. Got any citations to back up this confidence in your own veracity?

      • dhork@lemmy.world
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        8 hours ago

        Forbes estimates it a bit lower, they say his liquid net worth and crypto is a little over $2B, but they admit they are devaluing the crypto because he can’t sell it all at once:

        https://www.forbes.com/sites/danalexander/article/the-definitive-networth-of-donaldtrump/

        The unlocked market cap of $TRUMP alone is over $3B, and people suspect he owns much of that personally. There are also a ton of shitty tokens owned by World Libery Financial, which he also owns a good chunk of.

        All this crypto literally didn’t exist during Trump’s first term.

        • Øπ3ŕ@lemmy.dbzer0.com
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          2 hours ago

          That might all be true (gotta love “valuation” [aka “guess”] touted as “fact”), but it still doesn’t begin to touch on whether he’s a cash-puppet for anyone who holds his CSM, etc. kompromat and therefore doesn’t personally own shit.

          • dhork@lemmy.world
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            35 minutes ago

            In the case of the crypto, though, it’s more than just a guess. These things are being actively traded on markets right now, and have a value attached to them. I could buy a bunch of $TRUMP right now if I wanted to.

            None of that implies that he’s not also subject to influence from foreign powers with embarrassing info on him.