David Kirkpatrick

speaker

148 appearances 1 recordings 1 series first heard Jan 2026 last heard 14 Jan

David Kirkpatrick’s voice in public audio — every appearance, attributed to the second.

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Recordings per month over the last 12 months — 1 in all, peaking in Jan 2026 with 1.

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Planet Money · How much money President Trump and his family have made · 14 Jan 2026 podcast

The United Arab Emirates agreed to buy $2 billion in stablecoin.

I put the profits from that at about $243 million.

Well, in crypto, in broad strokes, the Trump family play is to use the credibility and imprimatur of the sitting president to build trust in what otherwise strikes people as a pretty sketchy asset, that is, crypto.

So calling it USD1 and...

Reminding everybody that's associated with the president of the United States is a good way to build faith and credibility as this digital currency as the equivalent of a dollar.

So that makes sense to me.

That's really what they're up to.

American Bitcoin is a Bitcoin mining company that the Trump brothers have founded with a friend.

their share at 20% would be worth about $115 million.

This is the big ticket item.

This is the biggest of the bunch.

And then they've used some of that cash to buy Bitcoin.

So...

President Trump owns a stake of about 41% in that company.

If you just look at the Bitcoin and cash on its books, a 41% stake of that

was worth $1.3 billion at the time that the magazine went to press.

Bitcoin has gone down a bit in price since that time.

I did another little back of the envelope calculation last night.

That number would come out to $1.08 billion if I did the math now.

A little down, but still a lot of money.

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