The Trump family, famous for real estate deals and legal troubles, suddenly started talking about decentralization and blockchain 🤝
Eric Trump, the son of the U.S. President, owns a huge stake in American Bitcoin, which is now merging with another company called Gryphon in a massive stock deal worth 367 million shares that will be distributed to Eric alone. The stock price at that time was about a dollar, meaning he will initially come out of the deal with 367 million dollars. But the strange thing is that other evaluations said the actual stock is not worth more than a quarter of a dollar, meaning the whole project could be a bubble. Any small investor thinking, 'This is Trump’s son, it must be guaranteed...' will wake up from the dream to a nightmare of massive loss.
🕳️ Where is the transparency? When we review the documents submitted to the U.S. Securities and Exchange Commission, we find that there is not a single independent assessment. Everything is predictions from within the project itself, like entering a restaurant where the chef is the one evaluating the food he cooked. The disaster is that some people are pumping millions just for the name, not for the idea.
💰 Money laundering? Conflict of interest? It's all possible.
No one is saying that Eric or Donald Jr. are actually laundering money, but the question is, why is everything around the project wrapped in ambiguity?
Why do all the press statements attack the criticism instead of responding to it?
And why did the media campaign that worked on buying Bitcoin against inflation happen at the same time as Trump's campaigns? This is a clear conflict of interest, as obvious as the sun; you don't need a genius to understand it.
🙃 Propaganda exploiting economic panic
The Trump supporters played it right; they exploited people's fear of inflation from banks and systems and offered them Bitcoin politically. But instead of being a solution for the people... it turned out to be a solution for their problem, a project that leads them to more money and more influence with zero accountability.
Don't let the name Trump deceive you.
Not every project under a shiny name is guaranteed, and not everyone in a suit talking about the future of money understands blockchain. There are projects genuinely aimed at change... and there are projects aimed at changing the bank account of their owners. This project looks like the latter.
#TrumpTariffs $TRUMP $BTC #americanews #GryphonDigital $BITCOIN #bitcoin