President Donald Trump’s launch of a nationwide “affordability tour” this week may look to some like an admission that Americans are struggling under the weight of the administration’s tariffs and rising utility and grocery costs—but Trump assured one reporter on Tuesday that he would acknowledge no such thing.
Eh, does it though?
His “coin” https://coinmarketcap.com/currencies/official-trump/ went from 40B to 6B in less than a year, top holders owns 80% (I imagine him), others top 10 get few millions at most and everybody else has 8%. That looks like a pretty bad outcome even for bribes.
Considering that it cost him nothing to create the coins, I’d say he and his fellow top-holders have gained $4.8B. The 20% they’ve already converted to cash, mostly in the beginning, north of $25, is another $6B. When you’re selling a stock of free bytes, it really doesn’t matter what the rubes are willing to pay each other in the secondary market. They’ve already cashed out: anything left is just gravy.
I doubt it. Sure it’s not infrastructure and I don’t know who gave him money and why but I imagine they had expectations. I imagine he promised more than his beautiful smiles. He might not deliver on his promises (as usual) but if those aren’t donations then the people who didn’t spend a few billions for favors will reconsider their “investments”.
I don’t know the cost of doing an ICO, given all the shitcoins out there, I don’t think it can be very much.
Even if it cost him several million to set up, he and his family and whoever else is cut in likely made out with a lot of money…
And I’m not sure his crypto money-making schemes are limited to his shitcoins…I thought there was indication that money is being funneled to him for bribes via other means on the crypto market but I don’t remember the details.
His coin is nothing compared to the stock market