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Binance News
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Trump Family Earned at Least $2.3 Billion From Crypto Since Taking Office, Reuters Survey Finds
A Reuters survey found that since U.S. President Donald Trump took office, the Trump family has earned at least $2.3 billion from cryptocurrency, while more than 1 million investors recorded net losses totaling $2.3 billion.
According to Foresight News, the investors include retail buyers of cryptocurrencies and crypto-related stocks, as well as investors with indirect exposure through funds holding Trump-linked crypto via vehicles such as ETFs.
Reuters said the estimated losses include unrealized, paper losses on investments that have not been sold.
Reuters reported that its analysis of Trump-linked crypto gains and investor losses was based on blockchain records, thousands of pages of company documents, online disclosures from Trump entities, public statements by Trump and project executives, and interviews with cryptocurrency industry executives.
Reuters added that more than a dozen accounting and cryptocurrency experts reviewed the findings and agreed that the estimates and the analysis of Trump’s businesses were reasonable.
According to Foresight News, the investors include retail buyers of cryptocurrencies and crypto-related stocks, as well as investors with indirect exposure through funds holding Trump-linked crypto via vehicles such as ETFs.
Reuters said the estimated losses include unrealized, paper losses on investments that have not been sold.
Reuters reported that its analysis of Trump-linked crypto gains and investor losses was based on blockchain records, thousands of pages of company documents, online disclosures from Trump entities, public statements by Trump and project executives, and interviews with cryptocurrency industry executives.
Reuters added that more than a dozen accounting and cryptocurrency experts reviewed the findings and agreed that the estimates and the analysis of Trump’s businesses were reasonable.
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