Risk Warning: Beware of illegal fundraising in the name of 'virtual currency' and 'blockchain'. — Five departments including the Banking and Insurance Regulatory Commission
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Forbes: Trump's timing for buying Bitcoin was poor, resulting in a $490 million loss in his personal wealth.
2025-11-07 13:55

According to Odaily Planet Daily, the Trump family previously sued Forbes for false reporting on Trump Media, calling Forbes a "fake news media." Just today, as Bitcoin fell below $100,000, Forbes published a new article titled "Trump Heavily Invested in Bitcoin, But He Chose a Terrible Timing," mocking Trump by saying, "Buying, especially at high prices, doesn't necessarily make you richer."

The article mentions that Donald Trump, who was once a skeptic of cryptocurrencies but has now become a "leading cryptocurrency advocate," spent $2 billion this summer through Trump Media to purchase Bitcoin, with an estimated cost of $115,000 per coin. Initially, this seemed like a good start; however, in the past month, the price of Bitcoin has fallen by 17%, and Trump Media's stock price has also fallen by 24%, indirectly causing Trump's personal wealth to shrink by $490 million. (Forbes)