Market Analysts say that the market has been affected by Trump’s strict attitude towards tariffs. This has increased selling in Crypto market. It may decline if bitcoin falls from a $ 1,05,000 level. Trump has decided to place a big bet on the crypto segment. Trump’s social media company Trump Media and Technology Group plans to invest about $ 2.5 billion (about Rs 21,416 crore) in Bitcoin.
Recently, Trump also signed an order to create a strategic reserve of bitcoin in the US. In the executive order on which Trump has signed, it has been clarified that the amount of taxpayers will not be used to buy bitcoin. Trump Media and Technology Group has reported that about $ 1.5 billion shares and one billion $ one billion convertible notes will be sold for this purchase of bitcoin. This bitcoin will be placed in the balance sheet of Trump Media with a cash and short-term investment of about $ 75.9 crore. Crypto.com and anchorage will provide digital custody for this bitcoin holding.
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