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Trump-linked American Bitcoin loses over 90% of its value

Original: Trump-related American Bitcoin has lost more than 90% of its value

American Bitcoin, a cryptocurrency venture linked to Donald Trump, has lost more than 90% of its value, according to a report by Protos. The collapse marks a dramatic fall for a company whose association with the Trump family drew heavy attention and speculative investment. Observers are pointing to it as another example of the volatility and risk surrounding politically connected crypto projects.

Why now: The scale of the collapse in a high-profile Trump-linked crypto venture is drawing renewed scrutiny of politically connected cryptocurrency investments.

American BitcoinDonald TrumpProtos

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Evidence

• Trump-related American Bitcoin has lost more than 90% of its value · protos.com

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