I think it's likely that it's all real but that the last administration destroyed as much as possible on the way out. They knew it would look bad for him if he wanted to release the docs but got in and found they were all gone. With all the pics of him and Epstein, who he seemed to enjoy, it would make him look guilty as hell (which he may still be). It would have always been more important to protect themselves and the Mossad connection than to expose Trump.

If this is the true scenario, Trump got played just like he did with Covid and just like he is with Israel, war with Russia, and the monetary system reset.