Allow me to introduce you to a ticker symbol you may not know. In fact, let’s have ol’ dimwit himself do the introducing. Take it away, Eric!
The ticker in question represents American Bitcoin, which combines the marvels of crypto with the jingoism of ‘Mericuh. It came public on September 3rd, and here’s how this new financial opportunity has been doing:
Down about 84% from its IPO peak. Impressive! Even more stunning was the explanation offered up by one of the Trump boys:
Profits? What profits?
In any case, this isn’t an outlier. One of the consistencies of the Trump universe is that the financial instruments they keep trotting out are all complete train wrecks. There’s Trump Media & Technology, the owners of the not-that-popular Truth Social:
There’s the Trump digital coin, down about 90%:
And the coin named after his third wife, which is down about 99%:
As for their newest creation, ABTC, the bloom’s off the rose, as the posture has changed from this……..
………….to this:
It’s ironic that a family that has strived for decades to make their name a world-famous brand has created results like these, which would seem to sully the name rather badly, considering that any public investors have had their heads handed to them without exception. Brands don’t always have positive value. Enron. Edsel. Ayds diet candy. The list goes on.
Suffice it to say that if you hand any cash to Eric, you would be wise to bid it a fond farewell.
