PANews reported on November 7th that, according to Forbes, Bitcoin just fell below $100,000 today. Forbes published an article jokingly commenting on Trump, saying, "Buying, especially at high prices, doesn't necessarily make you richer." The article mentions that Trump, who was once skeptical of cryptocurrencies, has now become a "leading cryptocurrency advocate." This summer, he invested $2 billion in Bitcoin through Trump Media, with an estimated cost of $115,000 per coin, and the initial performance was decent. However, in the past month, the price of Bitcoin has fallen by 17%, and Trump Media's stock price has also plummeted by 24%, indirectly causing Trump's personal wealth to shrink by $490 million.PANews reported on November 7th that, according to Forbes, Bitcoin just fell below $100,000 today. Forbes published an article jokingly commenting on Trump, saying, "Buying, especially at high prices, doesn't necessarily make you richer." The article mentions that Trump, who was once skeptical of cryptocurrencies, has now become a "leading cryptocurrency advocate." This summer, he invested $2 billion in Bitcoin through Trump Media, with an estimated cost of $115,000 per coin, and the initial performance was decent. However, in the past month, the price of Bitcoin has fallen by 17%, and Trump Media's stock price has also plummeted by 24%, indirectly causing Trump's personal wealth to shrink by $490 million.
Forbes: Trump's ill-timed Bitcoin purchase caused his personal wealth to shrink by $490 million.
PANews reported on November 7th that, according to Forbes, Bitcoin just fell below $100,000 today. Forbes published an article jokingly commenting on Trump, saying, "Buying, especially at high prices, doesn't necessarily make you richer." The article mentions that Trump, who was once skeptical of cryptocurrencies, has now become a "leading cryptocurrency advocate." This summer, he invested $2 billion in Bitcoin through Trump Media, with an estimated cost of $115,000 per coin, and the initial performance was decent. However, in the past month, the price of Bitcoin has fallen by 17%, and Trump Media's stock price has also plummeted by 24%, indirectly causing Trump's personal wealth to shrink by $490 million.
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