Eric Trump, the second son of President Donald Trump, has publicly condemned a Forbes report on Bitcoin miner American Bitcoin (ABTC) as a “disgrace to journalism.” This strong reaction follows an article that described ABTC as an arbitrage vehicle targeting investors who support the MAGA movement. The Forbes report highlighted a dramatic 92% drop in ABTC’s market capitalization, from $13.2 billion to $1.24 billion, causing an estimated $500 million in losses for retail investors. In a detailed response, Eric Trump defended the company, citing strong fourth-quarter revenue and significant Bitcoin holdings. This clash underscores growing tensions between media outlets and crypto industry figures.