In the latest episode of “As the Trump Turns”, Trump Media has decided to dip its toes into the choppy waters of cryptocurrency by filing for an ETF that’ll invest a hefty 75% in Bitcoin and a modest 25% in Ethereum. Sounds fancy, right? I mean, nothing screams ‘trustworthy investment’ like a company that just launched a phone service with its own line of gold phones.
So, what’s the deal? According to the SEC filing, Trump Media is aiming to utilize Crypto.com to handle all the crypto assets—because why not outsource your Bitcoin babysitting to a company that sounds like it popped straight out of a superhero flick?
This ETF could either be the golden ticket to help those who believe in the true potential of crypto, or just another plot twist in a saga that’s full of more surprises than a magician’s hat.
With the skepticism around crypto still buzzzzzing like that one fly you just can’t swat away, will this move entice investors or scare them into keeping their wallets closed? One thing’s for sure: this is a spectacle to keep an eye on, folks.
Leave a Reply