The family of American president Donald Trump increased his collective wealth by $ 1.3 billion this week in the midst of the commercial beginnings of the American mining company Bitcoin (ABTC), and World Liberty Financial (WLFI), a decentralized finance protocol (DEFI) linked to the Trump family.
World Liberty Financial added $ 670 million to the net value of the Trump family, and Eric Trump’s participation in ABTC, which he co -founded, was estimated at more than $ 500 million after the ABTC trade debut on Wednesday, Bloomberg.
The calculation measured the net value of the family using market prices on Wednesday when ABTC stocks reached a summit of $ 14 before collapsing by more than 50% at a minimum of 6.24.
In addition, the $ 1.3 billion did not represent around $ 4 billion of WLFI tokens owned by the Trump family which are subject to periods of locking.
Using current market prices and excluding $ 4 billion in WLFI tokens, the family net value of the family amounts to more than $ 7.7 billion, according to the Bloomberg Billionaires index.
The involvement of the Trump family in the crypto has brought an air of legitimacy to the cryptocurrency industry in the United States after years of anti-Crypto policies as part of the previous administration.
However, the cryptocurrency of the American president also invited to examine the Democratic legislators in the United States, who say that the involvement of the first family in the cryptography sector represents a conflict of interest.
In relation: The Trump family became pro-Crypto after the “armed” banks of Biden: WSJ
American Bitcoin and World Liberty made high volatility beginnings this week
World Liberty Financial made its commercial debut on the main cryptography scholarships on Monday, unlocking 24.6 billion WLFI tokens for the launch, which saw an initial negotiation peak before the prices of tokens were collapsed by more than 40%.
https://www.youtube.com/watch?v=VKC5QCRVDC0
American Bitcoin was put back in place on the American scholarships, following a merger with Gryphon Digital Mining, a crypto mines company listed on Wednesday.
The trading of ABTC shares was interrupted five times on Wednesday due to increased volatility, which saw the stock go up to a summit of $ 14 before collapsing at current prices of around $ 7.36 per share.
Review: Crypto Traders `Fool themselves’ with price forecasts: Peter Brandt