Forbes has criticized Donald Trump's timing in purchasing Bitcoin, highlighting a significant financial setback. Trump's Trump Media reportedly invested $200 million in Bitcoin at approximately $115,000 per coin during the summer. However, Bitcoin's value has since decreased by 17% over the past month, leading to a 24% drop in Trump Media's stock. This decline has indirectly reduced Trump's personal wealth by $490 million, according to the report.
Forbes Criticizes Trump's Bitcoin Investment Amid $490M Wealth Decline
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