How Trump Media Plans to Dominate Crypto with TruthFi

"mid November 2024 tmtg filed a trademark application for a service called Truth fi as the name suggests this is related to truth social but it goes without saying that it isn't just your typical social media feature truthy is described as a downloadable piece of software that serves as a digital wallet and as a platform to process payments made with cryptocurrencies reportedly there are also crypto trading features and market analysis tools"

"at the time of shooting Trump media Group is in the advanced discussion stages of acquiring backed Holdings Inc a crypto firm and who knows that deal could be finalized by the time you watch this video"

"although tmtg doesn't have nearly as much Capital to work with clearly it has enough to make some crypto Acquisitions as as such there's nothing stopping it from purchasing crypto the same way micro strategy is doing while this probably wouldn't come until after tmtg starts turning a profit with its crypto Ventures we could see it investing in cryptos Beyond BTC"

"not only is Trump about to reclaim the presidency of the United States but as we mentioned earlier he's also the largest shareholder of tmtg as such his actions will influence its stock price as has basically been the case since the company went public"

"Trump media group's recent expansion into crypto could be a key catalyst for mainstream adoption sounds crazy right but take a second to consider that Trump has a large large and dedicated following put simply tens of millions of trumpers could be inspired to check out what Trump Media Group is up to bringing them to crypto for the very first time"

"the guy has several of his own nft collections some where he's dressed up as a superhero for goodness sake"

"president-elect Trump even launched a defi platform called World Liberty Financial alongside his son Donald Trump Jr"

"Trump's presidency will result in a greatly improved regulatory backdrop it's no secret that crypto has a bit of an image problem but sufficient regulation will mean that people won't see crypto as such a wild west environment"

"we wouldn't be at all surprised if x suddenly began integrating truth fire onto its platform in some capacity"