Crypto

Is Trump’s Crypto Worth the Investment? Experts Weigh In

Published

1 year ago

November 3, 2024

Is Trump’s Crypto Worth the Investment? Experts Weigh In

Former President Donald Trump announced the launch of a new cryptocurrency exchange World Liberty Financial where people can buy, sell and trade digital currencies like Bitcoin. Now the exchange has also taken the next big step of issuing its very own cryptocurrency: WLFI.

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Because Trump’s name is attached, this new digital coin is drawing a lot of attention. But should you put your own money in? We spoke to two experts who gave us their take.

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Any financial advisor will tell you to put your money in an asset that has a proven record of stability and growth. Trump’s cryptocurrency is brand new and doesn’t have any history to back it up. Just because it has a familiar name attached to it, that doesn’t mean it will perform well.

“The best things that you can invest in are things that you understand, and that have a proven track record of success,” said Joe Schmitz, Jr., founder and CEO of Peak Retirement Planning. “You should not invest in things because people are speculating that it could make it big.”

Crypto has made huge gains for some, but it’s also caused huge losses, too. Some people do make a lot of money in crypto. But what worked for one person doesn’t guarantee that the same thing will work for you. If you’re considering putting money into Trump’s crypto, remember that there’s no way to know whether any new cryptocurrency will perform well.

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World Liberty Financial announced that their currency, WLFI, will become a stablecoin. That means that, theoretically at least, its value will be locked one-to-one with the U.S. dollar. This is supposed to keep the extreme price swings of regular cryptocurrencies from happening. But there are still big risks. A stablecoin relies on World Liberty Financial to keep its value. You have to trust that World Liberty Financial has enough cash reserves to back up every coin they issue.

“I do not advise putting money into Trump’s crypto or any other cryptocurrency,” said Thomas J. Brock, of RetireGuide.com. “Cryptocurrency is a highly speculative asset; it is not a prudent investment. Cryptocurrency does not yield any income, and it has no intrinsic economic value. The only way you can make money with cryptocurrency is if you can sell it to someone at a higher price than what you paid. Unfortunately, given cryptocurrency’s incredibly volatile nature, properly timing a purchase and sale is hard to do.”

Keep in mind that unlimited growth isn’t possible. There is a high potential you could be left holding worthless assets. Traditional investments like bonds or index funds are slower to earn returns, but they’re far more predictable.

It’s easy to think that crypto is an easy way to get rich fast. The huge price spikes can make it look like a way to double or triple your money overnight. But that’s more gambling than investment. Real investing doesn’t work that way.

“Investing is a long-term play,” said Schmitz. “Investing should be done with a long-term outlook in mind, always. Cryptocurrency has no long-term record of being successful. Maybe one day it will, but for those who are diligent savers and forecasting for their retirement, crypto is likely not the best investment for you.”

The best and safest way to invest is in assets like index funds, where you’ll see steady, reliable growth over time. These funds track the performance of groups of companies on the stock market. Instead of betting everything on a single asset, your risk is spread out. Index funds generally grow steadily, and you benefit when the market as a whole does. They’re a safer and simpler way to invest.

The most important rule with crypto — and especially any new currency like Trump’s — is only to put in what you’re comfortable losing. This isn’t like buying shares in a well-diversified index fund with a long track record.

“Cryptocurrency can provide some diversification benefit to a portfolio comprised of stocks, bonds and cash,” said Brock. “However, if you buy a cryptocurrency, make sure you can afford to lose most, if not all, your money.”

If you’re thinking about investing in WLFI, just know that it could go to zero. That’s the reality with any digital asset, especially one that’s new. You’re essentially gambling. But if you’re determined to buy into Trump’s crypto, only use money that you won’t miss if it disappears overnight.

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This article originally appeared on GOBankingRates.com: Is Trump’s Crypto Worth the Investment? Experts Weigh In

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Crypto

Bitwise Turns ‘Really Bullish’ on Ethereum and Solana as Stablecoins Drive Structural Demand Shift

Published

10 hours ago

December 23, 2025

Press Room

Bitwise Turns ‘Really Bullish’ on Ethereum and Solana as Stablecoins Drive Structural Demand Shift

Bitwise says shifting crypto narratives are really bullish for Ethereum, Solana, and stablecoins, citing structural demand, ETF accumulation exceeding issuance, and regulatory momentum that could drive the market’s next growth phase into 2026 and beyond.

Crypto

Summit County Sheriff’s Office recovers over $100,000 in cryptocurrency investigation

Published

22 hours ago

December 23, 2025

Press Room

Summit County Sheriff’s Office recovers over 0,000 in cryptocurrency investigation

SUMMIT COUNTY, Ohio (WOIO) – A City of Green resident reported being the victim of a cryptocurrency investment fraud in early October, resulting in a significant financial loss and opening an investigation.

The Summit County Sheriff’s Office Detective Bureau initiated an investigation utilizing detailed information and financial records provided by the victim.

According to a release from the sheriff’s office, there was assistance from Jackson Township Police Department’s cryptocurrency recovery “Trace Team” and detectives were able to successfully trace and recover $110,000 of stolen funds.

The sheriff’s office reminds the public to remain alert regarding cryptocurrency investment scams and fake investment platforms.

These schemes often begin by encouraging small initial investments that appear to generate returns, creating a false sense of credibility.

The sheriff’s office said once trust is established and larger investments are made, the funds are frequently transferred and become inaccessible.

For public safety, people are encouraged to thoroughly search any investment opportunity and exercise caution when dealing with unsolicited or online investment platforms.

The release from the sheriff’s office says that if anyone believes they may be a victim of cryptocurrency or investment fraud, they should immediately contact their local law enforcement agency and file an online complaint with the FBI’s Internet Crime Complaint Center at www.ic3.gov.

The Summit County Sheriff’s Office said it remains committed to protecting the community and working with partner agencies to investigate and combat financial crimes.

Crypto

Bitcoin Mining Promises Under Fire as SEC Alleges $48.5M Investor Funds Were Misused

Published

1 day ago

December 22, 2025

Press Room

Bitcoin Mining Promises Under Fire as SEC Alleges .5M Investor Funds Were Misused

Federal regulators are tightening the vise on crypto investment schemes, spotlighting alleged fraud tied to bitcoin mining that raised nearly $100 million while misleading thousands of investors about operations, capacity and the use of their money.