Trump's financial disclosure shows he made $1 billion from crypto, and his family also raked in $300 million in the Middle East – this is indeed eye-catching.
When die-hard fans shout "Trump coin," they are most likely the last bag holders. Politician families cashing in on their influence is nothing new; Trump just plays this game more openly and ruthlessly. The crypto space has always been asymmetric in information, and retail investors chasing hype and getting emotional are ultimately the ones footing the bill. Politicians and capital are always in the first tier; ordinary people jumping on speculative trends often end up being the ones carrying the sedan chair for others.
Trump's financial disclosure shows he made $1 billion from crypto, and his family also raked in $300 million in the Middle East – this is indeed eye-catching.
When die-hard fans shout "Trump coin," they are most likely the last bag holders. Politician families cashing in on their influence is nothing new; Trump just plays this game more openly and ruthlessly. The crypto space has always been asymmetric in information, and retail investors chasing hype and getting emotional are ultimately the ones footing the bill.
Politicians and capital are always in the first tier; ordinary people jumping on speculative trends often end up being the ones carrying the sedan chair for others.
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