📰 【"Forbes" Criticizes Eric Trump for Using Bitcoin Business for Massive Arbitrage, Exploiting MAGA Investors】

BlockBeats reports, on April 29th, "Forbes" published an article criticizing Eric Trump, the second son of Donald Trump, for his Bitcoin business being a disaster, pointing 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 exploit 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 craze to push its valuation up to $13.2 billion. During the earnings conference, Eric Trump heavily promoted the company as "...
Brothers, look at this, I read the Forbes article three times, and I was so angry I was trembling. The American Bitcoin that Trump's son is involved in is just a typical pump-and-dump project, claiming MAGA while inflating the valuation to 13.2 billion, but in fact, it's an arbitrage machine. I've been in the crypto space for eight years, and I've seen too many family-style pie-in-the-sky schemes. They make a fortune, while retail investors can't even get a sip of the soup. Remember, projects that hype with celebrity effects, nine out of ten are scams, and the remaining one is just waiting for you to take the fall.

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