Eric Trump Brands Forbes ‘Chinese Propaganda’ Over American Bitcoin Hit Piece
Yahoo Finance·2026-04-29 04:42
Eric Trump has accused Forbes of being "acquired by China" after the magazine claimed his Bitcoin venture preys on MAGA-minded investors and has wiped out roughly $500 million in retail shareholder value since going public. The American Bitcoin (ABTC) co-founder fired back, defending Q4 revenue of $78.3 million and a claim of holding over 7,000 Bitcoin (BTC), while branding Forbes "an embarrassment to journalism." Forbes Calls American Bitcoin an "Arbitrage Vehicle" A Tuesday Forbes investigation argues ...