🔥Trump Media bets heavily on Bitcoin 👀
Trump Media Technologies, the company behind the popular platform Truth Social owned by #DonaldTrump , announced that they already have an impressive amount of around $2 billion in #bitcoin and related assets. This is no small feat, especially since it happens just after President Trump pushed for significant laws regarding #Criptomonedas in Congress.
This move is not a coincidence; Trump Media explained that they acquired Bitcoin as part of an investment strategy they launched in May, where they allocated large sums of money from stock and bond sales to buy this #criptomoneda . The most interesting part is that they do not intend to stop there. They have made it clear that they will continue to acquire more Bitcoin and other related assets, as long as market conditions are favorable.
Additionally, there is a key detail: President Trump recently signed the "GENIUS Act" on stablecoins, which is a significant step for the cryptocurrency world. This law is not only important in general but could also benefit crypto businesses linked to the Trump family.
With all this at stake, it is exciting to see how cryptocurrencies are increasingly present in the political and business landscape. Do you think we will see more companies following this path in the future?
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