7am Trump’s plan to make billions off cryptocurrency
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Jan 21, 2025 Molly White, a cryptocurrency and tech researcher, joins to discuss Donald Trump's recent foray into the crypto world with the launch of the '$TRUMP' coin. They dive into the ethical dilemmas of a former president profiting from cryptocurrency close to his presidency. Molly breaks down the risks associated with meme coins, highlighting market volatility and potential scams. She also unpacks the financial realities of Trump Coin, questioning the inflated valuations and examining the legal implications of Trump's involvement in the crypto market.
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Trump's Merchandise
- Trump has previously capitalized on his popularity by selling merchandise.
- This includes Trump-branded sneakers, fragrances, and NFT trading cards.
Trump Coin Profits
- The potential profit from Trump Coin depends on the buy and sell timing.
- Early investors could see significant returns, while later investors might experience losses.
Trump Coin Launch
- Trump promoted the meme coin on social media to celebrate his election win.
- He encouraged followers to purchase the coin and join a "special Trump Community."