Trump Administration Faces Crypto Backlash as Personal Tokens Plunge, Eroding Investor Confidence

Bitcoin (BTC) has fallen below its price at the start of the Trump administration, as investment-grade confidence erodes. Ross Gerber of Wall Street, in a CNBC interview, attributes part of the winter to the Trump family’s issuance of personal tokens. The administration’s Trump token is down 94% from its all-time high, and First Lady Melania Trump’s token is effectively worthless after a 99% plunge, while the Trump token trades at 6% of its peak. These projects collectively generated $427 million in trading fees, per a Financial Times survey. Gerber warns that celebrity-driven memecoins are often designed to fleece散户, creating a self-reinforcing cycle of outflows and bearish sentiment. With retail investors pulling back, broader Bitcoin recovery remains unlikely without a restoration of trust. Analysts agree: new entrants are hesitant, signaling a difficult path ahead for the cryptocurrency market.