Peter Schiff: Trump Family Exploits Retail Investors with Cryptocurrency, May Face Numerous Lawsuits

Peter Schiff posted that the Trump family profited billions of dollars by selling cryptocurrencies and Trump-related company stocks to the public, but their earnings did not come from actual value creation, but rather from investors' losses. He pointed out that most victims are inexperienced loyal Trump supporters who mistakenly regarded the related products as legitimate investments. Schiff predicted that the Trump Organization will face numerous lawsuits from victims seeking to recover losses, and the Democratic Party may use this to produce political advertisements to exert public opinion pressure on the Republican Party. Additionally, Schiff also hinted that Trump's recent claim that he "has become a major supporter of cryptocurrency" may be related to pressure from his cryptocurrency donors.