I'm no financial genius, but I do not understand how they make these valuations. If I declare 200 million pieces of celebrity branded paper for sale, no one would say I'm worth $56 billion. But if I say they're "digital tokens" secured "on the block chain", I'm the 25th richest in the world?
Reposted from
Carl Quintanilla
(Axios) - The $TRUMP memecoin — a financial asset that didn't exist on Friday afternoon — now accounts for about 89% of Donald Trump's net worth.
www.axios.com/2025/01/19/d...
www.axios.com/2025/01/19/d...
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