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Forbes criticized Eric Trump for promoting his Bitcoin company, American Bitcoin, as a "money printing machine," which was actually an arbitrage tool and caused significant losses to MAGA supporters. American Bitcoin was founded in 2025 and quickly went public, with a valuation of $13.2 billion at one point. Eric Trump increased his personal wealth from $190 million to $280 million by selling stocks at a high valuation to purchase Bitcoin, resulting in a loss of approximately $500 million for ordinary investors. The actual operational capability and profit model of the company have been questioned, and the stock has fallen by about 92% in the past eight months.