TM&TG otherwise know as Trump Media & Technology Group is speculated right now to be the next microstrategy. Let's see if this makes sense for a moment and if Trump is actully any better than any of the other corrupt politicians.
It would make sense that the company owned by the president and his family members that hoarding bitcoin after saying they would be the most pro bitcoin ever government that it would make sense for them to buy it up in droves. In a way this would be considered insider trading but it happens all the time and honestly if I was in their shoes I'd be doing the same thing.
In a way you can do the same thing being that most of what we see today is near live or live news. You can watch on chain what wallets are doing, get updates and researched projects from people on x and well some people just come right out and say what they are going to do these days.
Crypto
Part of this group is the website Truth social and with that there's been a recent digital wallet and payment processing wallet that has been filed called truthfi. Now personally I'm not a big fan of the whole truth name. That's because it's just as lame as fact checkers to be honest lol. The only truth really happening on there is whatever truth you want to make up.
That being said however TruthFi seems like it is hinting at some how incorporating crypto into its system. But I bet it's going to be rather lame. It will most likely be a wallet that lets you swap, trade tokens but there won't be any DeFi in it or anything like that. Just an over hyped up wallet that does the same thing or less than ever other wallet out there. (That's my prediction)
The Strategy
As of recent news and findings MicroStrategy currently holds 386,700 BTC which is just mind blowing really that's a ton of bitcoin held by any other person.
They continue to grow their wealth thought bitcoin but I have to really wonder at what point does it come crashing down if one single person continues to grab up a vast majority of the bitcoin in existence. If other companies and nations get involved it could mean that a vast majority of bitcoin is only held in a few core peoples hands something that bitcoin was exactly built to prevent and avoid.
TMTG Overview
TMTG is actully a very small company still. Launched back in late 2021 it's struggled a great deal to make any kind of profits and well honestly not all that many people actully go on truth social and use it.
There are for sure though moves currently happening slowly for the company that is starting to open it up more and more into the crypto space. Now let's be also clear that 4 years to make rapid change and convert everything into a crypto bull is no easy task. Things work slowly in the world of the government and no one person controls everything as much as some of the crazy people like to make you think.
So while it is possible that this company is starting to go pro crypto it still has major challenges ahead of it. We have been seeing this in general with bitcoin as of late as it continues to struggle with the 100k mark heavily. This constant wavering at these levels is not bullish and often times marks the peak of the bull cycle unless something drastic comes up once again.
Posted Using InLeo Alpha