Eric Trump Show Sovereign Wealth Fund Bitcoin Don Go Up Well Well: America Bitcoin and Big Big People Demand Dey Push Market Go High Pass Before
Eric Trump, wey be di Chief Strategy Officer for American Bitcoin and son of di former President Donald Trump, announce big plans to expand inside di Bitcoin mining business during Consensus 2025. American Bitcoin wan be one of di main mining operators with cheap production cost, dem dey position themselves strategically to pass MicroStrategy's current Bitcoin money. Recently, Trump talk say sovereign wealth funds and big big companies dey rush to buy Bitcoin, e call am unprecedented 'race to di top' for Bitcoin collection and e say na 'digital gold' because e easy to sell and move compared to normal real estate and assets wey no easy to turn to cash. To make use of this momentum, American Bitcoin dey merge with Gryphon Digital Mining through reverse merger, dem wan list for Nasdaq with di name ABTC and use Hut 8's cheap US energy system. Di announcement make investors happy, Gryphon shares jump over 200% and Hut 8 rise 12%. Wetin important be say, Abu Dhabi's sovereign wealth fund, Mubadala, show say dem get over $408 million inside BlackRock's Bitcoin spot ETF (IBIT), wey show say big big companies dey embrace am. Trump emphasize say this rush from institutions and sovereign wealth funds, plus di economy and politics wey favour digital money wey you no fit censor and wey easy to sell, go push Bitcoin prices go higher as demand increase. By di time dem report, Bitcoin dey trade above $103,000, wey show say di market still get ginger. For crypto traders, this one mean say institutions dey support am more, miners dey compete more, and Bitcoin probably go increase in value for short and long run. These developments still bring questions about government eye, clear clear dealings, and how new people wey enter di market go manage things.
Bullish
Di joint mata American Bitcoin get serious plan to expand and how moni wey government get and big big investors dey show interest pass, dis one show say pipo go plenty wey go want Bitcoin and e go last. Pipu like Mubadala wey their moni fund get name don show wetin dem hold, and how big companies dey buy Bitcoin fast-fast – you go see am for the way stocks wey related dey go up – dis one show say the way pipo want am and how much e dey market dey shift go make price higher. Wetin don happen before show say wen big companies like dis one make move, e don helep Bitcoin market run like bull. Wen important pipo for the business tok for public, e make market pipo feel beta, so Bitcoin go likely climb up for short time and long time, even if government palava and how to run am still dey make brain.