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🪙 Forbes: Eric Trump pitches his Bitcoin company as a money-printing machine
Eric Trump’s newest Bitcoin venture may be selling a story more than a business. As he tells it, American Bitcoin can print money by mining Bitcoin for roughly half of what it is worth.
But a closer look at the numbers calls into question whether the company can mine bitcoin profitably at all, let alone with such massive margins, Forbes says.
📣 Eric Trump commented on the article:
"Since being acquired by China, Forbes has become a political weapon and an embarrassment to journalism <...> We have arguably climbed the "Top 100" rankings faster than any company in the space and continue to aggressively mine and scale daily".