The Trump family is set to establish a Bitcoin company, cutting out the middlemen to make profits, and they are diving in themselves!
Just now I saw a piece of news that a Bitcoin mining company announced that Hut 8 Mining is to establish a joint Bitcoin company (American Bitcoin) with Trump’s second son. After this news broke, I immediately checked the price of Bitcoin, which surged from 81,000 to 84,000. Let me briefly explain. Hut 8 is primarily focused on becoming the world's largest ETC mining company, and establishing this new company will take over the previous mining hardware. Trump’s second son wants to use his company, American Data Center, to hold 20% of the new company’s shares. The second son mentioned that the entrepreneurs behind this company are very optimistic about Bitcoin and aim to become the largest Bitcoin mining enterprise globally, while also establishing a strong Bitcoin strategic reserve. Does the term 'strategic reserve' sound very familiar to everyone?
In short, since taking office, Trump has been eager to engage with the crypto space. Whether it was personally launching a coin that surged 400 times and earned 10 billion on the eve of his inauguration, promoting BTC as a reserve asset, or issuing the stablecoin USD1 under the family fund's name a few days ago, or rumors that the family fund is planning to join Binance, the activity is non-stop. This year in the second half of the crypto market, many stories will emerge. Clearly, the crypto market is looking for the next opportunity during this bear market, but in the long run, I believe the long-term demand for Bitcoin, the halving effect, and the gray areas will ultimately disappear. Therefore, I believe that after rounds of crashes and reshuffling, we may still experience a slow correction and recovery.
In short, in the face of such high-risk assets now, if the investors have not established a solid base and have not secured more risk-free returns before blindly going all in, they really might not survive until tomorrow, becoming someone else's lamb for slaughter. Therefore, being at the table is always more important than anything else. So do you think this wave of buying by the second son can revive Bitcoin’s bear market, or is it just another way to harvest profits from investors?
Hello everyone, I am Yasheng. If you are frequently trading in the market without any direction, it will only lead to the most direct outcome: becoming someone else's lamb for slaughter. If you want to know the next specific ideas and strategies.
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