The president’s meme coin peaked above $70 and now trades around $2. Close to a million buyer wallets are down $3.8 billion, while his financial disclosure shows more than $635 million in licensing income. So is all of crypto a scam? We look at what a scam actually needs, what happened with $TRUMP and the (lack of) consequences, why Bitcoin is built differently, and the catch nobody should ignore. Chapters 0:00 The president’s coin 0:38 What a scam actually looks like 1:16 Case study: $TRUMP 2:10 And the consequences? 3:05 Why Bitcoin is built differently 3:36 “It’s backed by nothing” 4:26 The halving 4:57 The catch 5:27 So… is it a scam? Sources – Trump’s 2025 financial disclosure: more than $635M from meme-coin licensing and about $1.4B in total crypto earnings. NBC News, Jun 30, 202
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