Trump Media Launches Fintech Brand Truth.Fi for Crypto, ETFs
Trump Media and Technology Group Corp. launched a financial-services and fintech brand dubbed Truth.Fi, with a focus on crypto and customized exchange-traded funds.
The new offering will develop separately managed accounts, ETFs and Bitcoin in partnership with Charles Schwab Corp., which will 'broadly advise' on investments and strategy, Trump Media said in a statement Wednesday.
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That coincided with Bitcoin soaring to new all-time highs in the period from April 2020 to November 2021. On paper, all of these potential Bitcoin catalysts sound fantastic. But how likely are they? After all, if the Trump administration can't pass the Big Beautiful Bill, how will it ever be able to pass a Big Beautiful Bitcoin Bill? And Fed rate cuts are no slam-dunk, either. As long as the economy is at risk of higher inflation from new tariffs, the Fed will likely be unwilling to reduce rates. That's why some traders are warning of a "bull trap" for Bitcoin. In other words, investors might be cajoled into investing in Bitcoin due to rampant hype, buzz, and speculation. It will look like Bitcoin has no place to go but up. As soon as enough of these investors put their money into Bitcoin, the trap will close. The price of Bitcoin will sink, and these investors will lose their money. So, if you're thinking about investing in Bitcoin, make sure you are doing so because you believe in its long-term outlook. If you are trying to time the market over the short term, you are likely doing it all wrong. The good news is that online prediction markets currently give Bitcoin a 62% chance of hitting $125,000 before the end of the year. If the U.S. government goes all-in on its Strategic Bitcoin Reserve, and if Corporate America continues to embrace crypto, it's possible that Bitcoin might reach that target by the end of the summer. Before you buy stock in Bitcoin, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Bitcoin wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. 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The Motley Fool has a disclosure policy. These 3 Catalysts Could Bump Bitcoin to $125,000 by the End of Summer was originally published by The Motley Fool Sign in to access your portfolio
