Bitcoin RECLAIMS $61K As Trump Made BILLIONS On Crypto + Stocks

**Scott Melker** (0:00)
$1,000 after everybody told you it was all over, and we had to go to 45 by the end of this week. Also, Trump not only made billions and billions of dollars in crypto while all of his investors lost about 98% of their funds, but he also made about 22,000 trades in a year, most of them perfectly and coincidentally timed to events that he had probably a lot of control over. What are we doing here? The simulation seems to be trolling us. I've got Josh Frank here from The Tie to talk about all of it. Let's go.
Good morning, everybody. Welcome to my private island. I hope that you're all having a wonderful Thursday, which will be our last show of the week, because tomorrow is the day that we celebrate America. Fuck yeah.
The United States of America won a World Cup match against not one but two countries last night, both Bosnia and Herzegovina at the same time, which is something that only can happen in Trump's America. And I'm gonna go ahead and bring on Josh right now. Today is the day that I'm gonna get screamed at for having TBS. Because we're gonna once again talk about Trump trades and stuff. But I would like to point out that I'm...

**Josh Frank** (1:28)
You forgot to mention we actually beat three countries. We also beat the FIFA refs as well.

**Scott Melker** (1:33)
So that red card is the most absurd thing. The fact that we're gonna have to play without him against Belgium is absolutely not.

**Josh Frank** (1:39)
It's more absurd than the non calls on Wemba Nyama. I mean, this is ridiculous. As an American who watches about one soccer match every 24 months, I'm outraged.

**Scott Melker** (1:50)
I, too, am outraged. And before everybody tells me that I have TDS, when we obviously are gonna get in to talking about Trump, I would like you to know that I am fully convinced that both Trump and Nancy Pelosi have the same stockbroker. So it's fine. I'm equally critical of both sides that aggressively trade on inside information. We'll talk about this briefly, because I did a show on it, but obviously, right?

**Josh Frank** (2:10)
Don't forget Ro Khanna as well. He also is up there.

**Scott Melker** (2:14)
Crushing. Trump filing shares, he took in about $1.2 billion. That's a crappy AP headline. He's about $1.4 billion. The family made about $2.3 billion in 2025 Obviously, that was on assets that retail lost badly on. There's nothing illegal here, right? Unless, of course, they could prove that he was taking it as bribes from foreign nationals, which I don't think anybody's accusing him of at this point. But I mean, bottom line here is that Trump made a lot of money and mostly exited the ventures already, right? He sold out of his interest in USD1, sold out of his interest in World Liberty Financial. And the crypto market's not looking too great at the moment.
It's Josh Frozen.

**Josh Frank** (3:02)
I got nothing to add. I don't know what to add to that. I mean, I agree with you.

**Scott Melker** (3:06)
Yeah. How about this? He made more than Coinbase himself, not just the family. He made more than Coinbase last year. And then now there's these amazing accounts that are starting to dig in to all of the 927 pages of disclosures. And there's so many of these. The day before Trump paused tariffs and sent the S&P 500 up 9.5%, his investment accounts bought 327 stocks worth up to $12.8 million. And they actually got penalized $200 for not making that disclosure, 200 bucks.
Donald Trump declared making more than 22,000 stock transactions. This is like, I mean, Biden made 13 in four years. Not that I care about that stat particularly. But I mean, this is like tens a day.

**Josh Frank** (3:52)
Well, when you, I guess, if insider trading is legal for him or in his mind, why not do it? Why not do more of it? So yeah, I guess.

**Scott Melker** (4:01)
Okay, let's not, okay, I don't want to, you know, we're going to.

**Josh Frank** (4:04)
No, no, I agree with you. It's obvious. I agree with you too.

**Scott Melker** (4:07)
It's just, I know where this is going to go and it's going to just end badly for me. Cause I, I like, I just don't see how you can be a QS.

**Josh Frank** (4:14)
I want to see all the, I want to see, you know, the real thing is I want to see the entire family's PNL. Cause like who, who is the best insider trader? Because Barron probably started with the least money. So what did Barron end up? Like did Barron 10,000 access portfolio? How did Eric do?