A year ago at this time, the cryptocurrency community was still basking in the joy of Trump's election victory. As Trump won, Bitcoin and other cryptocurrencies experienced a strong surge in the following months, soaring to record highs, which also boosted the Trump family's wealth.
However, just one year later, the situation had completely reversed.
In the past month or so, the crypto market has been hit by a catastrophic storm, with the price of Bitcoin plummeting nearly 35% from its peak of about $125,000 in early October to around $80,000, resulting in a loss of about $1 trillion in the total market capitalization of the crypto market.
This dealt a heavy blow to the wealth of Trump and his family, and investors who followed Trump into the cryptocurrency market also suffered considerable losses.
Trump family wealth drastically reduced
According to Bloomberg data, the Trump family’s wealth has decreased by $1 billion since September, from $7.7 billion to $6.7 billion.
The primary reason for these wealth losses is the sharp drop in cryptocurrency prices since the beginning of October. Bitcoin is now fully in a bear market, having fallen by more than 30% from its high of approximately $126,000.
Bitcoin prices have erased all gains since the beginning of the year.
Meanwhile, traders who followed Trump and bought large amounts of Trump's "meme" in the early stages of his election victory would certainly suffer significant losses if they still hold the asset now.
In the final months leading up to last year's US presidential election, Trump and his sons founded the cryptocurrency company World Liberty Financial, actively engaging in the cryptocurrency industry. Shortly before his inauguration, Trump and the First Lady launched "Memecoin," naming it after Trump.
However, since its peak of $75.35 on January 19th, the value of Trump's "meme coin" has plummeted by over 90%. As of Monday, the meme coin was trading at $6.25.
Trump's "meme" has seen its price plummet over the past year.
Moreover, it's not just these tokens themselves that are damaging the Trump family's wealth.
American Bitcoin, a cryptocurrency miner backed by Trump's sons, went public on Nasdaq on September 3. Since its listing, its stock price has plummeted by 30%.
Trump's media company, Trump Media & Technology, has also been hit. The company announced earlier this year that it would implement a cryptocurrency fund management strategy; however, its stock price has fallen 30% in the past month and is currently near its all-time low. Since 2025, the company's stock price has cumulatively fallen 70%.
Trump Media & Technology Group's stock price performance over the past year
Over the past six weeks, the cryptocurrency market has experienced brutal volatility as a large number of leveraged long positions were liquidated and market concerns about the prospect of a Federal Reserve interest rate cut intensified. Market experts say this sharp fluctuation has disrupted the overall risk profile of the market.
(Article source: CLS)
