The digital currency associated with Trump’s name has fallen by nearly 25% since August, and Eric Trump’s stake in a Bitcoin mining project has lost about half its value.
Adding insult to injury, shares of “Trump Media,” the owner of the “Truth Social” platform, which began accumulating Bitcoin this year, have fallen to levels close to their all-time low.
According to the Bloomberg Billionaires Index, the family’s wealth has decreased by about one billion dollars, to about 6.7 billion dollars after it was 7.7 billion dollars in September, as a result of the decline in the value of many digital investments linked to the family.
Bloomberg reported that despite the White House’s support for cryptocurrencies led by Trump, and increased institutional adoption, Bitcoin’s value has fallen by more than 30% since it reached a record high in early October. (Al Arabiya)
