PANews
PANews|Nov 07, 2025 14:08
[Forbes: Trump's Poor Timing in Bitcoin Purchase Leads to $490 Million Loss in Personal Wealth] According to Forbes, Bitcoin has just dropped below $100,000 today. Forbes published an article teasing Trump, stating: 'Buying, especially buying at a high price, doesn't necessarily make one richer.' The article mentioned that Trump was once skeptical of cryptocurrencies but has now transformed into the 'Chief Cryptocurrency Advocate.' This summer, he spent $2 billion through Trump Media to purchase Bitcoin, with an estimated buying cost of $115,000 per coin. Initially, the performance was decent. However, over the past month, Bitcoin's price has fallen by 17%, and Trump Media's stock price has plummeted by 24%, indirectly causing Trump's personal wealth to shrink by $490 million.
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