World Liberty Financial’s Cryptocurrency Investments
World Liberty Financial, the cryptocurrency firm that directly benefits the president of the United States, has invested in various tokens and projects. All assets in its portfolio have lost value since initial acquisition.
On January 20th, to commemorate Donald J. Trump’s inauguration, World Liberty Financial announced its purchase of ether, Wrapped Bitcoin, Aave, LINK, TRON, and ENA. Recently, SUI was added to this list of assets.
Despite Trump’s ongoing support for the cryptocurrency industry, every single one of these assets has declined in value. Notably, the ‘best-performing’ asset is TRON, down only 7%, while the worst is ENA, which has fallen approximately 57%.
Even with Trump’s efforts to support bitcoin, including his directive against the government selling it, Wrapped Bitcoin tokens have decreased in value by about 18%.
Furthermore, World Liberty Financial has been expanding its portfolio but has not yet launched its AAVE lending markets. The governance forums have also seen no activity since early January.
Comments (0)