Trump is switching investments: his family made billions from crypto instead of real estate

Despite the success in crypto, the president’s media company, Trump Media & Technology Group, has seen a sharp drop of 66% in the value of its shares in the past year. The company is trying to diversify its activities and has entered areas such as sports betting and nuclear fusion energy.

At the same time, Donald Trump Jr. joined as a partner the venture capital fund “1789 Capital”, which raised about 2 billion dollars for investments in companies defined as “patriotic”, including SpaceX and the magnet manufacturer Vulcan Elements, which later won a government loan of 620 million dollars.

The White House rejected these claims and emphasized that the administration is working to make the United States the world’s crypto capital. At the same time, the Trump Organization continues to promote international real estate transactions, including projects in the Maldives and Romania, while incorporating elements of virtual properties into the luxury ventures.