The Investors Who Lost Billions Buying Trump Stocks and Crypto
The article profiles investors who lost billions by purchasing stocks and cryptocurrencies tied to former President Donald Trump. These speculative bets, often driven by political loyalty rather than financial fundamentals, resulted in massive losses as the values of Trump-related assets declined sharply.
Background
- "Trump stocks" refer to shares of Trump Media & Technology Group (DJT), owner of Truth Social, and other companies tied to Donald Trump. The stock surged after his 2024 election win and during early 2025, driven by retail investors and supporters, but later collapsed as financial results disappointed and insider lockups expired.
- Crypto assets promoted or associated with Trump (like the "Trump Coin" or WLFI tokens tied to World Liberty Financial, a DeFi project backed by the Trump family) also saw speculative booms and subsequent crashes.
- Many retail investors bought near the peak of the hype, often treating the stocks as a political statement rather than a traditional investment. When the prices fell sharply — DJT lost roughly 80% of its value from its high — these latecomers faced severe losses.
- The article profiles individual investors — not Wall Street professionals — who poured in savings, retirement funds, or borrowed money, and are now "broke." It highlights the broader pattern of speculative, politically driven trading that ends badly for unsophisticated participants.