{"id":93622,"date":"2026-07-07T07:50:17","date_gmt":"2026-07-07T06:50:17","guid":{"rendered":"https:\/\/www.taxresearch.org.uk\/Blog\/?p=93622"},"modified":"2026-07-07T07:50:17","modified_gmt":"2026-07-07T06:50:17","slug":"trumps-cointrick","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2026\/07\/07\/trumps-cointrick\/","title":{"rendered":"Trump&#8217;s cointrick"},"content":{"rendered":"<p>The <a href=\"https:\/\/www.nytimes.com\/2026\/07\/04\/us\/politics\/trump-coin-crypto-investors-loss.html\" target=\"_blank\" rel=\"noopener\">New York Times has reported:<\/a><\/p>\n<blockquote><p>An up-to-date tally of Trump followers turned crypto investors is in. And for them, the overall results are remarkably bad.<\/p>\n<p>Nearly 1 million people who bought President Trump\u2019s memecoin have lost money through the end of June, according to a report by the cryptocurrency analytics firm Nansen. Their losses total $3.81 billion.<\/p><\/blockquote>\n<p>One million suckers lost an average of \u00a33,810 each buying Trump cryptocurrency.<\/p>\n<p>Who could have forecast that loss? Almost anyone. There was never a purpose for the Trump memecoin, except to enrich Trump.<\/p>\n<p>Who could have forecast 1 million suckers? I did not think that many people were that stupid. But I have to admit I am continually bemused by the capacity for people to do daft things, and I succumb to the will of conmen, or coinmen in this case.<\/p>\n<p>Trump made $2.2 billion last year, his first back in office. These people made that possible.<\/p>\n<p>The upward transmission of wealth happens in all sorts of ways. All Trump has done is prove most of it is by design.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The New York Times has reported: An up-to-date tally of Trump followers turned crypto investors is in. And for them, the overall results are remarkably<br \/><a class=\"moretag\" href=\"https:\/\/www.taxresearch.org.uk\/Blog\/2026\/07\/07\/trumps-cointrick\/\"><em> Read the full article&#8230;<\/em><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[106,75],"tags":[],"class_list":["post-93622","post","type-post","status-publish","format-standard","hentry","category-politics","category-usa"],"_links":{"self":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/93622","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/comments?post=93622"}],"version-history":[{"count":1,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/93622\/revisions"}],"predecessor-version":[{"id":93623,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/93622\/revisions\/93623"}],"wp:attachment":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/media?parent=93622"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/categories?post=93622"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/tags?post=93622"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}