Peter Schiff Says Trump Made $1.4 Billion From Meme Coin Sales as Investors Lost Similar Amount
JH Kim
Summary
- Peter Schiff said US President Donald Trump generated about $1.4 billion in profit from meme coin sales.
- Schiff also said investor losses tied to Trump's meme coin sales totaled $1.4 billion.
- However, the reported profit and loss figures are only Schiff's claims, with no detailed calculation or independent verification provided.
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Peter Schiff claimed that US President Donald Trump made $1.4 billion from meme coin sales, while investors suffered losses of a similar magnitude.
Cointelegraph, a cryptocurrency-focused media outlet, reported on Nov. 11 that Schiff made the claim while citing Trump's gains from meme coin sales and the scale of investor losses.
Schiff said Trump earned about $1.4 billion through meme coin sales. He also claimed that investors' total losses came to $1.4 billion.
Those profit and loss figures, however, are Schiff's assertions, and no detailed calculation or independent verification was provided.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.