The Trump family's wealth significantly increased due to the successful debut of the American Bitcoin (ABTC) and World Liberty Financial (WLFI) projects, although a market correction followed.
Trump Family Wealth Growth
Following the recent debut of ABTC and price growth of WLFI, the Trump family net worth surged by $1.3 billion. According to Bloomberg, WLFI generated $670 million for the family, while Eric Trump's stake in ABTC is valued at over $500 million.
WLFI and ABTC Market Volatility
Upon launching, ABTC reached as high as $14, but then sharply fell to $6.24. At the same time, WLFI plummeted over 40% after an initial spike. The family's current net worth exceeds $7.7 billion, not including the $4 billion in locked WLFI.
Crypto Market and Future Predictions
Eric Trump described ABTC as 'the greatest Bitcoin company' and expressed confidence that Bitcoin could reach $1 million. The Trump family has been actively involved in the crypto market since his presidency, drawing political interest to this sector.
The Trump family continues to be a notable figure in the crypto market despite recent volatility. Their influence reflects the interest in cryptocurrencies within the American political context.
