$BTC Unknown in the cryptocurrency market and the U.S. Treasury holds a large portion of Bitcoin, then moves to other cryptocurrencies, we are in dark waters and a deep bottom where we do not know what lies beneath. The Securities and Exchange Commission has approved a $2.3 billion Bitcoin treasury deal for Trump Media — allowing the company to raise funds and purchase Bitcoin, making it one of the largest public Bitcoin treasuries. It has also filed for a Bitcoin exchange-traded fund for Truth Social, aiming to give shareholders direct exposure to Bitcoin.

Could the Bitcoin payment to Trump Media lead to more widespread adoption, or increase the political risks in the cryptocurrency markets?