Ross Gerber Ties Trump's $1B Crypto Windfall to Bitcoin's Decline
TL;DR Summary
Renowned investor Ross Gerber links President Trump's reported $1B in crypto profits to Bitcoin's slump, saying 'the grift is real' and that Trump's windfall—over $1B in his first year via cryptocurrency ventures, including about $635M in royalties from the TRUMP memecoin and activity through World Liberty Financial—helps explain why Bitcoin 'went down and isn't going anywhere.' The piece notes political backlash and growing calls for crypto regulation, while BTC trades near $60,100 after a recent move.
- Ross Gerber Says Trump's $1 Billion Crypto Windfall Is Why 'Bitcoin Went Down and Isn't Going Anywhere' Yahoo Finance
- Does Trump Worry About Conflicts of Interest? ‘I Found Out That Nobody Cared.’ The New York Times
- Trump cashes in on crypto as the economy flounders. Perfect. | Opinion USA Today
- The president’s getting richer — but many midterm voters aren’t CNN
- What to know about Trump’s financial disclosure The Hill
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