He's a crypto grifter. It's sad that we're allowing crypto back into mainstream because the president wants to sell shitcoins and NFTs.
hellojesus · 1d ago
He's not just selling for the fun of it. He sold his own shitcoin in a scheme where the highest bidder got direct access to him at a dinner.
It's textbook corruption in plain sight for all to see. As Schiff said when this went down, approximately around the doge peak: the only thing he's doing more efficiently than biden is facilitating corrpution.
throw0101d · 1d ago
> He sold his own shitcoin in a scheme where the highest bidder got direct access to him at a dinner.
Mar-A-Lago initiation fees went from $100K to $1000K/$1M after he became President (again).
The New Yorker recently released a article/video "How Much Money Is Trump Profiting from the Presidency?":
It is ironic that a grifter would give cryptocurrencies a bad name. (semi-/s)
All the folks that want cryptocurrencies to be more accepted as legitimate financial vehicles should be up in arms about this. The crypto-skeptics of course see this as more evidence confirming their point of view.
No comments yet
codingdave · 1d ago
The title doesn't make it clear (though the article does state it immediately)... this is on paper only. If they cash in, they crash their own market, so while this is 100% corrupt and problematic... they aren't going to ever see that money.
ceejayoz · 1d ago
> If they cash in, they crash their own market…
Not if someone on the other end props it up.
There are plenty of foreign governments for whom $5B to buy a big favor from POTUS would be a no-brainer.
throw0101d · 1d ago
> If they cash in, they crash their own market, so while this is 100% corrupt and problematic... they aren't going to ever see that money.
If they cash in all at one that may happen. If they 'DCA' themselves out over a period of 2-3 years (before 2028) then a crash is less likely to occur.
rcxdude · 1d ago
It's a memecoin, there's basically zero chance the price will stay high that long.
cowboylowrez · 5h ago
its a trump memecoin, it has one job and its doing it.
ceejayoz · 11h ago
That’s what I thought about $TSLA, but here we are.
https://archive.ph/sCpAy
It's textbook corruption in plain sight for all to see. As Schiff said when this went down, approximately around the doge peak: the only thing he's doing more efficiently than biden is facilitating corrpution.
Mar-A-Lago initiation fees went from $100K to $1000K/$1M after he became President (again).
The New Yorker recently released a article/video "How Much Money Is Trump Profiting from the Presidency?":
* https://www.youtube.com/watch?v=cpOE3aAt8XU
* https://www.newyorker.com/magazine/2025/08/18/the-number
All the folks that want cryptocurrencies to be more accepted as legitimate financial vehicles should be up in arms about this. The crypto-skeptics of course see this as more evidence confirming their point of view.
No comments yet
Not if someone on the other end props it up.
There are plenty of foreign governments for whom $5B to buy a big favor from POTUS would be a no-brainer.
If they cash in all at one that may happen. If they 'DCA' themselves out over a period of 2-3 years (before 2028) then a crash is less likely to occur.