You don’t get to be one of the richest and most powerful men in the world by giving up good opportunities. That’s a lesson Trump seems to have taught his sons well – they’re currently out buying Bitcoin, and have amassed a stockpile of $23.7M in $BTC.
But is that the smartest play in crypto right now?
While the Trumps are buying BTC, you should snap up these altcoins for some major gains flying under the Bitcoin radar.
When Donald Trump said he’d be the first Crypto President, no one knew what he meant.
Donald Trump Jr and Eric Trump are both spearheading a new Bitcoin treasury corporation. The simply-named American Bitcoin is a crypto mining company planning to gather as much Bitcoin as possible. In the words of its SEC filing:
ABTC considers its Bitcoin holdings to be long-term in nature and expects to continue accumulating Bitcoin. ABTC has not set any specific target for the amount of Bitcoin it seeks to hold… Bitcoin accumulation is not a side effect of ABTC’s business. It is the business.
The company’s off to a small start, with only 215 bought $BTC so far, but intends to add to that portfolio aggressively.
And whether intentional or not, ABTC is actually proving a larger narrative, one that Swiss crypto bank Sygnum says is crucial for the continued health of the crypto economy.
Sygnum discussed the impact of large-scale Bitcoin treasuries like Strategy and highlightedt hat Strategy currently owns roughly 3% of all the Bitcoin that will ever be made.
The company also said that ‘large, concentrated holdings are a risk for any asset,’ with Strategy’s stockpile ‘approaching a point where they become problematic.’
Why? Partly because of normal market economics and sentiment. Decreased liquid supply, caused by companies holding $BTC in large treasuries, can increase volatility.
There’s also the psychological impact on the market; if Strategy should ever sell any of their $BTC, the headline ‘Strategy Sells Bitcoin’ might be enough to send the price plummeting.
Just as the opposite headline is causing bull rushes in the market nowadays
Enter Solaxy, the first-ever Solana Layer-2 solution. It brings faster transaction speeds, zero execution failures, and a multichain architecture and token. $SOLX will launch on Ethereum and be bridgeable to Solaxy when the Layer-2 fully deploys.
XRP has notched a number of wins recently, including:
It all helps to explain why the number of transactions on XRP experienced a recent spike.
$XRP is up 14% year-to-date, with possibilities of a spot ETF lingering on the horizon, a move that boosted demand for $BTC and $ETH last year.
Traders can even set limit orders and copy other successful traders with the bot. It’s an entire arsenal of advanced trading tools in a tool that has a distinct meme coin flair.
During the presale, $SNORT can be staked for 468% dynamic APY, providing long-term yield over the next year.
With its presale raising over $686K and the token price set at $0.0949, the project is looking very promising. As if it could snort every bit of profit for you.
While the Trumps double down on Bitcoin, savvy investors may want to look elsewhere while the debates are firing back and forth.
Certainly less so than blindly following the lesser scions of the Trump empire.
As always, do your own research. This isn’t financial advice.
