Peter Schiff argued Tuesday that the Donald Trump family’s billions in crypto gains came directly at the expense of retail investors, not from any actual value created by the ventures themselves.
Schiff Says Most Buyers Were Unsophisticated Loyalists Who Expected To Profit
Schiff laid out three categories of buyers in a post on X. Some purchased Trump-related crypto knowing they would lose money, treating the purchase as a political donation in disguise.
Others bought small amounts purely to show support with no expectation of profit.
The majority, Schiff argued, were ordinary Trump supporters who genuinely believed they were making legitimate investments and expected to make money.
