Crypto Crash: Trump-Backed World Liberty Financial Suffers $51M Portfolio Plunge 💸
World Liberty Financial, an investment firm with ties to Donald Trump, is grappling with substantial losses in its cryptocurrency portfolio. Reports from blockchain analytics platform SpotOnChain reveal that the firm invested $242.77 million in various digital assets over a short span in January 2024.
The value of the portfolio has since declined by over 21%, translating to a significant loss of $51.77 million. This development underscores the inherent volatility and risks associated with investments in digital assets, especially in a market as fluctuating as cryptocurrencies.
These losses bring attention to the challenges faced by high-profile figures entering the evolving crypto landscape.
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