**Ran** (0:17)
Congratulations, it's 1 July. Congratulations if you're here. You've managed to waste the first six months of 2026 I don't know, that's what it feels like if you're a crypto investor. You think about our returns for the first six months of 2026, because yesterday was the last day of the second quarter of the first half of the year.
Not great returns. I mean, if you look at Bitcoin's returns, Bitcoin gave us negative 22% in the first quarter, negative 14% in the second quarter. ETH, basically, if you combine the first two quarters, you got a negative 65% return. So not a great time to be a crypto investor. That's why I thought I'd start the show with this, just to remind us how we've managed to waste the first six months of 2026, guys. Congratulations to all of you. Congratulations to everyone.
So yes, we've managed to waste the first six months of 2026 Actually, it feels much worse than that, because it's not like we've wasted the first six months of 2026 It feels like we've wasted this whole presidency. Like if you look at, since Trump's basically come into power, 524 days later, whatever it is, Solana is down 70%, Bitcoin is down, what is that number over there? It is 47%. If you're an ETH holder, you're down 54% since Trump basically was inaugurated. And if you held Trump coin since two days before the inauguration, you're down a whopping 98%.
So, I mean, I want to say again, congratulations. If you, I'm not going to play the music again. Maybe I should. Congratulations. Congratulations to everyone. I think it's probably a good time to reflect on who actually made money. So, I don't know. I don't know about you, but I haven't made a lot of money. I haven't made money since Trump came into power. Haris, you made money since Trump came into power? No. You over there. In fact, let's see who's here. New Earth Guardian, did you make, he calls me dumb ass rand. I mean, always wrong, always being someone else, always blaming someone else. I am actually blaming someone else. Well, I'll tell you who it is. Did you make money since Trump came into power? Did you make money since Trump came into power? Specifically, if you've been trading crypto. Tell you one thing, if you've been trading AI stocks since Trump came into power, you're bloody rich. If you've been trading, if you traded gold, you probably made a lot of money and then maybe maybe you lost some of that money. But ultimately, it's been good for you. Not many people made money since Trump's come into power. Not many crypto investors made money since Trump came into power. But yesterday's disclosures actually disclose that some people didn't make a lot of money since Trump came into power. In fact, Trump himself, I don't know about you, but Trump made $1.4 billion in 2025 in crypto earnings. That's a filing that came out yesterday, which basically showed how much money Trump has made on crypto in 2025 alone. Now, I want to talk about the crypto part of it because he made a lot of money with a lot of crypto ventures. He currently is holding, he's still a hodler. Don't get me wrong, it's not like he's cashed out. He's still holding $100 million plus in Bitcoin, $55 million plus in Ethereum. He's holding $50 million in World Liberty Fire Token, $5 million in stable coins, and then he owns a lot of other assets. And it's causing a lot of outrage, because a lot of crypto holders are basically blaming Trump for the fact that the markets have come down, almost saying that Trump has been completely extractionary from this ecosystem and that he single-handedly basically destroyed crypto. So that came out yesterday, and there's a lot of outrage about it. The one part that I think is worth paying attention to, it feels like Trump and the Trump family have basically turned their presidency into a money-making scheme. If you look at the number of individual investments in the annual filings in 2025, in 2024, they made 3,300 investments. In 2025, they made 6,181 investments. It looks like what people are up in arms about is about how the presidency has basically milked his presidency to make money. Here is the actual extractions from the report. I'm not going to go through the whole report, but here's some good highlights that you might actually want to pick up on. The first thing is they made 3,642 trades in Q1 2026
3,642 trades. That's like a high-frequency trader that annualizes to 14,568 trades a year. 58 trades a day. Holy moly. 58 How many of you may have made 58 trades this month? In no ways.
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