Shapiro Rips Trump’s Latest “Skeezy” Crypto Scam

“Trump Media and Technology Group, that is the parent company of Truth Social, said it would raise $2.5 billion dollars from institutional investors to invest in Bitcoin. So they’re moving away from their social media play originally, and they’re moving into a financial services and crypto play.

“Now Trump Media’s largest shareholder is President Trump. They’re gonna raise $1.5 billion dollars from about 50 institutional investors by selling 58 million shares. They’re gonna raise an additional $1 billion dollars from the sale of bonds that can also be converted into shares at a later date.

“That’s going to dilute the value of the Trump Media stock right now, but it is also going to radically increase the holdings of the company, of course. And by buying Bitcoin while the Trump administration is simultaneously attempting to set up a national treasury in Bitcoin, increasing the price — because, again, higher demand means higher price when the supply remains stable, which it is in Bitcoin.

“That’s the whole purpose of Bitcoin. When you do that, what you are doing looks a little skeezy. Again, all this sort of skeeziness — we talked about with the Qatar jet. This sort of skeeziness is likely to have really bad political effect.” – Ben Shapiro.