In an important development for the asset class, Trump Media and Technology Group Corps. (DJT) has announced a new extension that will see them invest in bitcoin and other cryptocurrencies. Actually a new one press release revealed the company’s launch of its financial technical arm, truth.fi.
The newly developed financial company is another important aspect of its growing truth. Specifically, it will join its social media platform, Truth Social and Video Drömning Platform Truth+ as important aspects of its operations. Financial services and technology strategy have been approved by the company’s board this week, with its new fintech brand that plays an important role.
Just in: Trump Media to invest in “bitcoin and similar cryptocoirs.”
– watcher.guru (@watcherguru) January 29, 2025
2025 would always be an important year for Cryptocurrencies. Specifically, it was set to see Donald Trump return to the White House. But he would bring with him a pro-cryptop perspective that he did not share during his first term as US president.
Just more than a week into his second term of office, Trump has done well on his review of crypto politics in the country. He has launched a first digital asset storage, while the US Securities and Exchange Commission (SEC) has launched his own Crypto Task Force. Now his company adapts to that message. Trump Media has actually announced that it is set to invest in bitcoin and other cryptocorate.
Also read: Donald Trump signs executive order for us digital asset stockpile
One of the listed allocations that is extremely important is that the fund will be used to buy “bitcoin and similar crypto courses or crypto-related securities.” The move is really a smart for Trump Media. Company like Micro strategy Have seen their BTC accumulation plan do wonders.
The asset class should only continue to grow in value. Since the 47th president remains committed to clearing regulation, it should flourish. Only promise of that action was running Bitcoin at a six -digit price last year. Time will only tell you what Trump’s position will mean for the increase in the entire industry.
