The post Schiff slams $DJT as brand play, not real enterprise appeared on BitcoinEthereumNews.com.

Peter Schiff attacked a Trump-owned company, $DJT, on Thursday, claiming it has little value but is connected to the President. According to Schiff, $DJT constantly invents many things, reflecting that it has no true underlying value. Trump Media and Technology Group Corp (TMTG) was founded by Andy Litinsky and Wes Moss in 2021. On March 26, 2024, TMTG came to the market as a result of a merger with the special-purpose acquisition company (SPAC) Digital World Acquisition Corp. (DWAC).  The union company was worth $8 billion and began trading under the symbol $DJT. Peter Schiff denounces the financial pivot’s motive DJT began as a social media startup but shifted and became a BTC treasury. $DJT, a company owned by Donald Trump, has little intrinsic value beyond its connection to the President. It began as a social media company, pivoted into a Bitcoin treasury company, and is now merging with a fusion energy company. The constant reinvention makes clear that the… — Peter Schiff (@PeterSchiff) December 18, 2025 Peter Schiff believes that in the case of $DJT, the transformation of a failed social media platform into a self-assured Bitcoin strategy and a currently merging partner with Fusion Energy proves that the product has never been about the financial underpinnings, but rather about access to political power. In July, $DJT announced that it had amassed approximately $2 billion in bitcoin and assets to track bitcoin as a part of its previously announced bitcoin treasury plan. As reported by Trump Media, the company suffered a net loss of $54.8 million in the third quarter of 2025, compared to a $19.3 million loss in the same quarter of 2024, due to an increase in expenses, of which $20.3 million was attributed to legal fees. The third-quarter report showed that revenue fell to $972,900, compared to nearly $1…

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Filed under: News - @ December 19, 2025 3:23 am