Odaily Planet Daily reports that today Bitcoin just fell below $100,000. Forbes published an article mocking Trump, stating, “Buying, especially at high prices, doesn’t necessarily make you wealthier.” The article mentions that Trump was previously skeptical of cryptocurrencies but has now become a “chief crypto advocate.” This summer, Trump Media invested $2 billion in Bitcoin, with an estimated purchase price of $115,000 per coin. Initially, it looked promising, but over the past month, Bitcoin’s price has dropped 17%, and Trump Media’s stock price has also fallen 24%, indirectly reducing Trump’s personal wealth by $490 million. (Forbes)
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Forbes: Trump's timing to buy Bitcoin was poor, losing $490 million in personal wealth
Odaily Planet Daily reports that today Bitcoin just fell below $100,000. Forbes published an article mocking Trump, stating, “Buying, especially at high prices, doesn’t necessarily make you wealthier.” The article mentions that Trump was previously skeptical of cryptocurrencies but has now become a “chief crypto advocate.” This summer, Trump Media invested $2 billion in Bitcoin, with an estimated purchase price of $115,000 per coin. Initially, it looked promising, but over the past month, Bitcoin’s price has dropped 17%, and Trump Media’s stock price has also fallen 24%, indirectly reducing Trump’s personal wealth by $490 million. (Forbes)