#TrumpBitcoinEmpire
Trump's Bitcoin empire is on ๐ฅ! His media company, Trump Media & Technology Group (TMTG), just dropped a bombshell ๐ฃ - they're holding $2 billion worth of Bitcoin and Bitcoin-related securities ๐ธ. This move comes after Trump signed the GENIUS Act into law, making the US a crypto powerhouse ๐ฅ.
*Trump's Bitcoin Bet*
- TMTG's Bitcoin stash is roughly two-thirds of their $3 billion assets ๐ฐ
- They've also allocated $300 million to a Bitcoin options strategy ๐
- This bold move mirrors Michael Saylor's strategy with MicroStrategy ๐ก
*Why the Fuzz? ๐ค*
Critics are worried about potential conflicts of interest, especially if Trump becomes president again ๐ค. Lawmakers like Senator Jeff Merkley are already pushing bills to prevent government officials from cashing in on crypto while in office ๐ซ.
*Trump's Crypto U-Turn ๐*
This is a major shift from Trump's earlier stance on Bitcoin. He used to call it "based on thin air" ๐จ, but now he's all about crypto ๐ฅ. His administration even proposed a Strategic Bitcoin Reserve ๐ธ ยน ยฒ ยณ.