Trump Media: Crypto Fever or Financial Fiction? 🚀💰🤔
Trump Media & Technology Group (TMTG), linked to the Trump family and creator of Truth Social, has been at the center of rumors about a $3 billion capital increase to invest in cryptocurrencies, following the trend of large companies betting on digital assets like Bitcoin. According to reports, the strategy would include $2 billion in new capital and $1 billion in convertible bonds, with the goal of strengthening its position in the crypto sector and exploring financial services.
However, TMTG has vehemently denied these plans and harshly criticized sources from the Financial Times, suggesting that the outlet had “foolish writers listening to even more foolish sources.” The Trump family, including Donald Trump Jr. and Eric Trump, will participate in the Bitcoin 2025 Conference, which keeps the expectation and debate about their real intentions alive.
Market implications point to possible volatility in the price of Bitcoin if the plan materializes, following the precedent of companies like MicroStrategy. Politically, the initiative raises questions about conflicts of interest and the need for greater regulatory oversight and transparency in the United States.
