The Bitcoin debacle is shaking the fortunes of Donald Trump's inner circle. In just one month, the cryptocurrency crash has wiped out billions of dollars in assets.

The sharp fall in Bitcoin, which has lost nearly 30% in a month, has dealt a severe blow to the fortune of Donald Trump and his family, who are heavily invested in cryptocurrencies. According to BFMTV, citing Bloomberg estimates, the family's wealth has dropped from approximately $7.7 billion to $6.7 billion since September, a correction made all the more ironic by the fact that it was a statement from Donald Trump regarding a possible resurgence of trade tensions with China that contributed to the market's plunge.

The decline first hit Trump Media & Technology Group, whose aggressive exposure to crypto-assets, including more than 11,500 bitcoins, led to a historic drop in its share price. Donald Trump's personal stake in the company lost nearly $800 million in just a few weeks, according to Bloomberg. His sons' investments also suffered: Eric Trump and Donald Trump Jr., who each own 7.5% of American Bitcoin, saw the value of their stakes plummet from approximately $630 million to $300 million after the stock was split in half on the Nasdaq.

A 90% drop in "Trump coins"

The collapse of Trump family meme coins is amplifying the losses. Tokens bearing the likenesses of family members, including the "Trump coin," have lost more than 90% of their value since their launch. Bloomberg reports that Donald Trump owns approximately 40% of this now virtually worthless token. Meanwhile, the 22.5 billion WLFI tokens held through the World Liberty Financial platform, valued at up to $6 billion at their peak, are now estimated to be worth only about $3.15 billion, even though these assets remain locked.

Despite this crash that wiped out billions in just a few weeks, the Trump family is trying to reassure the public. Bloomberg reports that Eric Trump sees the current debacle as "a tremendous buying opportunity," believing that those who accept volatility will come out on top when the market rebounds.