Peter Schiff: The Trump family will face numerous lawsuits for profiting from cryptocurrencies

Peter Schiff stated that the Trump family has profited 10 billion US dollars by selling cryptocurrencies and Trump-related company stocks to the public, but these profits come from investors' losses rather than actual value creation. Peter Schiff pointed out that most of the victims are inexperienced loyal Trump supporters, and predicted that the Trump organization will face numerous lawsuits from victims seeking compensation, while the Democratic Party will use this as material for political ads to put pressure on the Republican Party. In addition, Peter Schiff implied that Trump's recent claims of being a major supporter of cryptocurrencies are related to pressure from cryptocurrency donors.