#TrumpBitcoinEmpire The Trump family's cryptocurrency ventures are expanding rapidly, with a portfolio estimated to be worth around $1 billion. Here's a breakdown of their crypto empire.
- *NFTs*: The Trump family launched a series of NFT trading cards in 2022, which skyrocketed in popularity and generated millions in revenue.
- *Meme Coins*: They introduced their own meme coins, which initially surged in value but later plummeted, drawing criticism from the crypto community.
- *Stablecoin*: World Liberty Financial, a Trump-affiliated crypto company, is launching a stablecoin called USD1, pegged to the US dollar and backed by short-term Treasury bills and cash equivalents.
- *Bitcoin Mining*: The Trump family has partnered with Hut 8 Corp., a publicly traded mining company, to venture into Bitcoin mining.
- *ETFs*: Trump Media & Technology Group has filed trademarks suggesting plans to enter the exchange-traded fund (ETF) space with a proposed ETF called "(link unavailable) Bitcoin Plus".
Their crypto ventures have sparked controversy and raised concerns about potential conflicts of interest, with some senators accusing the Trump family of using their influence to enrich themselves. Despite this, the Trump family appears determined to establish a significant presence in the crypto sector.