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Forbes published an article ridiculing Trump's poor timing of buying bitcoin, which caused his personal wealth to shrink by 490 million dollars

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2025-11-07 14:02:02
On November 7th, the Trump family had previously sued the US media "Forbes" for false reporting on Trump Media and called Forbes a "fake news media". When Bitcoin just fell below $100,000 today, Forbes published a new article "Trump is heavy in Bitcoin, but his timing is terrible" and teased Trump, saying, "Buying, especially at a high level, doesn't necessarily make people richer." The article mentions that Donald Trump, who was once skeptical of cryptocurrencies, has now turned into a "chief cryptocurrency advocate", spent $2 billion on bitcoin with Trump Media this summer. The purchase cost is estimated to be $115,000 per coin. It looked good at first, but in the past month, the price of bitcoin has fallen by 17%, and the stock price of Trump Media has fallen by 24%, which has indirectly reduced Trump's personal wealth by 490 million dollars.
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