In a year when bitcoin was expected to soar on optimistic support from the White House, the $1 trillion cryptocurrency wipeout has severely damaged the president’s and his family’s fortune.
President Donald Trump sparked a new surge after winning the president a year ago, sending bitcoin and other tokens to new highs in the months after the election. A year later, things look quite different for Trump and his supporters who have poured into the space.
According to the Bloomberg Billionaires Index, the Trump family’s fortune has decreased by $1 billion since September, from $7.7 billion to $6.7 billion, with losses exacerbated by the collapse in cryptocurrency prices after bitcoin reached a record high on October 6. The token is now firmly in a bear market, down more than 30% from its peak of over $126,000.
In the meantime, traders who invested heavily in the predient’s meme coin during its early stages have been severely burnt if they continue to cling on. Since its January 19 peak of $75.35, the Trump coin, which was introduced just prior to the inauguration, has lost almost 90% of its value. On Monday, it was trading at $6.25.
Furthermore, the first family’s wealth is being impacted by more than simply the tokens themselves. The shares of American Bitcoin, a cryptocurrency mining company supported by Trump’s sons, have dropped 30% since it started trading on the Nasdaq on September 3.
Trump Media & Technology Group is under pressure as well. The president’s media company’s stock has fallen 30% in the last month after it declared earlier this year that it would adopt a cryptocurrency treasury strategy. The stock fell 70% in 2025 and is now close to an all-time low.
The cryptocurrency market has had a terrible six weeks. A number of variables, including as a wave of liquidations of leveraged long positions and apprehension over the prospect of a rate decrease, have contributed to Bitcoin’s decline.
Market experts say the high volatility has jumbled the risk profile of markets in general. Bitcoin’s decline may have spilled into stocks last week, fueling a violent roller coaster on Thursday as investors liquidated stocks to fulfill margin calls on leveraged bitcoin wagers.
