"The steady declines since mid-October have erased much of the gains received by both small and large investors. Among the latter is a very well-known figure: U.S. President Donald Trump, who is also partly responsible for the euphoria the sector experienced until October. But the Trump effect has completely vanished, with digital assets falling back to levels seen before his term."
"the Trump business empire has felt the shock of reality: since September, it has lost at least $1 billion of its fortune (dropping from $7.7 billion at the beginning of September to the current $6.7 billion), according to the Bloomberg Billionaires Index, a decline largely due to the Trump family's growing ties to crypto projects. The Trump family went all-in on digital assets: they launched tokens, created companies, invested in the industry, pardoned convicted crypto tycoon Changpeng Zhao, and legislated in favor of the sector."
Crypto markets lost about $1.2 trillion in just over a month as steady declines since mid-October erased gains for small and large investors. Digital assets fell back to pre-term levels after a short-lived Trump-led euphoria. The Trump family's fortune declined from $7.7 billion to $6.7 billion since September, a drop tied largely to crypto-related ventures. The memecoin tied to the president plunged 85% and Trump Media shares fell about 70%. The family launched tokens, companies, invested in the industry, pardoned a convicted crypto tycoon, and supported favorable legislation. Extreme volatility and speculation affected even high-profile participants.
Read at english.elpais.com
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