Recently, the mining company American Bitcoin, associated with the Trump family, is actively expanding its business footprint in Asia. It is reported that the company plans an acquisition of a publicly listed company in Japan while also laying out a strategy for the Hong Kong market. This move seems to mimic the strategy of MicroStrategy, aimed at establishing Bitcoin reserves.



This trend has attracted widespread attention in the industry. Some analysts believe that the Trump family's large-scale entry into the cryptocurrency field may indicate that the political environment's attitude towards digital assets is becoming more lenient. This coincides with recent remarks by Federal Reserve official Daly regarding interest rate cuts, which are seen as one of the important factors driving up Bitcoin prices.

Industry experts predict that this trend may give rise to more "crypto treasury companies" similar to MicroStrategy. Notably, MicroStrategy has invested heavily in the Bitcoin credit market, attracting a surge of institutional funds.

However, the market outlook is not entirely optimistic. Although the price of Bitcoin is expected to continue rising, investors must also be wary of potential regulatory risks. For example, New York State is considering imposing a cryptocurrency tax of $158 million annually, which could dampen market enthusiasm to some extent.

For short-term investment strategies, some analysts suggest that investors can continue to hold Bitcoin and wait for the gradual implementation of American Bitcoin in the Asian market. The development of this event will undoubtedly have a profound impact on the global cryptocurrency market and is worth ongoing attention.
TRUMP-1.9%
BTC-0.07%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 9
  • Repost
  • Share
Comment
0/400
BottomMisservip
· 08-19 01:51
Is Old Chuan also starting to play with coins? Funny.
View OriginalReply0
SerLiquidatedvip
· 08-18 09:57
Reverse go long and lost a lot!
View OriginalReply0
CoffeeNFTradervip
· 08-17 20:29
Old Chuan is also here to do Cryptocurrency Trading.
View OriginalReply0
AirdropGrandpavip
· 08-17 11:26
Trump get on board? Bull awesome!
View OriginalReply0
LiquidatedNotStirredvip
· 08-16 04:50
Ah, Trump is also into coins.
View OriginalReply0
BlockchainBardvip
· 08-16 04:50
Is Trump also getting into the crypto world?
View OriginalReply0
MEVHunterNoLossvip
· 08-16 04:28
Blockchain is getting tough.
View OriginalReply0
SmartContractPlumbervip
· 08-16 04:27
Another prototype of a funding scheme. First, check the Address of the contract and then talk.
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)