"McKenzie railed against crypto and used the $TRUMP meme coin as an example of the currency's perils, while Maher joked that at least they got some on point steak out of the deal: BILL MAHER: Yeah, I mean, and you said it could be as little as 20 individuals who are really profiting from this. And everybody else, I means millions of people have lost their shirt. When they, it's an insider trading scam. BEN MCKENZIE: Absolutely. I mean, the insiders always win, and the general public always loses on average."
"McKenzie: “And to give you an example, Trump coin, right, his meme coin, down 96%. Right? They had all the coins, his followers buy them, they dump on the followers. Now, some of them got something out of it. He hosted a dinner for the top investors. So the top investors got to have dinner with the President of the United States.”"
"Maher responded with a joke about the dinner: “Well, I have to tell you, that steak is on point! I'm not going to lie, it's probably the best steak I've ever had! But every time I hear that it's crashing, it never does, because that's when other people go, perfect time, buy low, now you can get it cheap.”"
A conversation criticized President Donald Trump’s crypto meme coin after a 96% drop. Ben McKenzie argued that insiders consistently win while the general public loses. He described a pattern where followers buy the coins and insiders dump them afterward. McKenzie said Trump hosted a dinner for top investors, portraying it as a reward for those who profited. Bill Maher mocked the situation by noting that investors received steak dinner while others lost money. Maher also joked that crashes create opportunities for others to buy low, implying a cycle of exploitation and timing advantages for insiders.
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