Trump's Bitcoin Investment Faces Challenges Amid Market Decline

According to BlockBeats, the Trump family previously filed a lawsuit against Forbes, accusing the media outlet of publishing false reports about Trump Media and labeling Forbes as "fake news media." Recently, as Bitcoin's value dipped below $100,000, Forbes published an article titled "Trump's Heavy Bitcoin Investment Faces Poor Timing," mocking U.S. President Donald Trump by stating that buying, especially at high prices, does not necessarily lead to increased wealth. The article highlights that Donald Trump, who was once skeptical of cryptocurrencies, has now emerged as a "chief cryptocurrency advocate." This summer, Trump Media invested $2 billion in Bitcoin, with an estimated purchase price of $115,000 per coin. Initially, the investment seemed promising; however, Bitcoin's price has dropped by 17% over the past month, leading to a 24% decline in Trump Media's stock value. Consequently, Trump's personal wealth has indirectly decreased by $490 million.