Trump Family Wealth Plummets by $1 Billion in Crypto Market Crash
The cryptocurrency market has experienced a staggering $1 trillion decline, significantly impacting the wealth of former President Donald Trump and his family. The downturn has affected their investments, particularly in digital currencies, in a year initially expected to showcase cryptocurrency’s strength.
Trump Family Wealth Impacted by Crypto Crash
According to the Bloomberg Billionaires Index, the Trump family’s wealth has decreased by $1 billion since September 2023, falling from $7.7 billion to $6.7 billion. This decline stems largely from the historical plunge of Bitcoin and other cryptocurrencies, which hit a peak on October 6, 2023.
Bitcoin’s Sharp Decline
- Bitcoin reached a high of approximately $126,000.
- It has since entered a bear market, losing over 30% of its value.
The decline has been particularly challenging for investors involved in Trump’s meme coin. Launched before his inauguration, Trump coin peaked at $75.35 on January 19, 2023, but has plummeted by more than 90% since then, trading at just $6.25 recently.
Impact on Related Ventures
Trump’s family ventures are also feeling the effects of the crypto market crash. American Bitcoin, a cryptocurrency mining firm supported by his sons, began trading on the Nasdaq on September 3, 2023. Its shares have decreased by 30% since the launch.
Additionally, Trump Media & Technology Group has faced significant losses, with shares falling 30% in the past month and reaching a low of 70% since the start of 2025. This decline follows the company’s earlier announcement of employing a crypto treasury strategy.
Market Volatility and Future Outlook
The recent turmoil in the cryptocurrency market can be attributed to several factors. Analysts point to increased liquidations of leveraged long positions and uncertainties about future rate cuts as primary reasons for the market’s instability. This volatility has altered the risk landscape across financial markets.
Market analysts predict that the ongoing fluctuations in cryptocurrency values, particularly Bitcoin’s decline, could further affect other investment sectors as traders liquidate positions to cover margin calls.
