Suckers Take A Bath On $TRUMP Cryptocoin

 

Electoral-vote.com's Andrew Tanenbaum gives us an update on one of the more recent Malignant Fascist grifts -- his crypto coin:

...The coin has dropped from its high of $73.00 to Friday's close of $2.20, a loss of 97% of its value since the top. If you bought $10,000 of $TRUMP at its high point, your "investment" would now be worth $300. Congratulations on your investment prowess. Maybe you are the next Warren Buffet. The performance of the $TRUMP coin is even worse than the deal the buyers of DJT stock got from its high point. It lost a mere 90.2% of its value. Trump stock and Trump crypto are enormously profitable, but unfortunately only for Trump and his buddies who get it for free. For the rubes investors, not so much. But if you bought some way back when, you can be proud of helping Trump get $1 billion richer by fleecing his supporters.

However, there is one thing we don't know. Has Trump already dumped most of his stash of $TRUMP coins? Maybe he has and that is why the price is now so low—a massive supply of product out there. On the other hand, maybe he was too busy to pay attention or was waiting for the price to go up. If the latter is the case and he still has most of the coins, then he took as much of a haircut as his fans.

Here's the graphic (click to enlarge):

We know that the Malignant Fascist's business and political model has always been "There's a sucker born every minute," and the charlatan's on-going efforts to fleece, extort, and con money from the pockets of his supporters and his supplicants is the one thing in his life that he's been completely and shamelessly transparent about.   Frankly, it's hard to sympathize with (and just as hard to understand) anyone who, given his decades-long track record, opted to invest in yet another scheme meant solely to enrich this charlatan.

(Image:  composite via The Guardian/ Getty Images)