'Skeptical' expert sounds alarm as Trump family launches new venture
U.S. President Donald Trump delivers remarks to the White House Religious Liberty Commission at the Museum of the Bible, in Washington, D.C., U.S., September 8, 2025. REUTERS/Evelyn Hockstein
In the past, President Donald Trump was highly critical of cryptocurrencies. Trump said that Bitcoin was "based on thin air" and even remarked that it "seems like a scam."
But in 2025, Trump has a very different viewpoint, and his company Trump Media & Technology Group is quite bullish on cryptocurrencies.
Financial journalist Dominic Basulto examines Trump's latest crypto venture in an article published by Nasdaq.com on September 9 and lays out three "warnings" for investors.
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"The number of ways to invest in President Donald Trump's rapidly expanding crypto empire continues to grow," Basulto explains. "The latest opportunity is the chance to buy the digital tokens of World Liberty Financial (CRYPTO: WLFI), the crypto venture affiliated with the Trump family. But should you take the leap and invest? While it might be tempting to invest in anything that has the implicit seal of approval from the president of the United States, there are three warnings for any prudent investor."
The "warnings," according to Basulto, are: (1) "The digital tokens do not represent ownership interest in World Liberty Financial," (2) "Cryptocurrencies priced under $1 are notoriously volatile," and (3) "Cryptocurrencies with huge coin supplies offer limited upside."
"I completely understand why so many investors might be tempted to invest in World Liberty Financial," Basulto notes. "Unlike the Official Trump meme coin, which was backed by nothing more than hype and buzz, the World Liberty Financial token is backed by a real-world business. World Liberty Financial recently launched a high-profile stablecoin, and has big plans to expand in decentralized finance (DeFi)."
Basulto adds, "However, due to the three warning signals above, I'm skeptical of its long-term upside potential."
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Read Dominic Basulto's full article at this link.
