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Forbes mengkritik Eric Trump karena melakukan arbitrase besar-besaran melalui bisnis Bitcoin, merugikan investor MAGA

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Pembuatan abstrak sedang berlangsung
29 April news, Forbes published an article criticizing Trump's second son Eric Trump's Bitcoin business as a disaster, and pointed out that Eric Trump promotes his Bitcoin company American Bitcoin (ABTC) as a printing press, but in reality it is just an arbitrage tool, specifically to harm investors who support MAGA (Make America Great Again). American Bitcoin was established in 2025 and quickly listed on Nasdaq, leveraging the Trump family brand and the Bitcoin boom to push its valuation up to $13.2 billion. Eric Trump heavily promoted the company as a “leader in the Bitcoin world” during earnings calls, but in fact the company has only a few full-time employees, mainly relying on storytelling marketing rather than solid operations. The company continuously sells stocks at high valuations to buy Bitcoin, while Eric invests almost nothing, yet this has allowed him to increase his personal wealth from about $190 million to $280 million, with other insiders also profiting handsomely.
Meanwhile, ordinary investors, especially MAGA supporters, suffered heavy losses. Over the past eight months, American Bitcoin's stock has fallen about 92% from its peak, resulting in a total investor loss of approximately $500 million. Forbes questioned the actual profitability of American Bitcoin's Bitcoin mining business, believing that its promoted “half-price mining” is difficult to achieve, and that it more likely uses the Trump brand to conduct high-priced stock dumps.
BTC0,04%
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