Why Trump Media's Crypto Strategy Could Result in Huge Gains for Its Shareholders
Trump Media and Technology Group (NASDAQ: DJT) is an evolving and expanding company. It has gone from just focusing on social media to expanding out into video streaming, financial services, and also crypto. And it's that latter opportunity, in crypto, which may have the most potential to light a fire under the stock.Recently, Trump Media announced a big investment into crypto. It's out of the playbook of another stock, Strategy, which has amassed gains of nearly 3,000% in just the past five years. A strategy focused on buying Bitcoin (CRYPTO: BTC) may not necessarily lead to those types of returns for Trump Media shareholders, but it could still be a positive catalyst for the stock.Image source: Getty Images.Continue reading
Trump Media and Technology Group (NASDAQ: DJT) is an evolving and expanding company. It has gone from just focusing on social media to expanding out into video streaming, financial services, and also crypto. And it's that latter opportunity, in crypto, which may have the most potential to light a fire under the stock.
Recently, Trump Media announced a big investment into crypto. It's out of the playbook of another stock, Strategy, which has amassed gains of nearly 3,000% in just the past five years. A strategy focused on buying Bitcoin (CRYPTO: BTC) may not necessarily lead to those types of returns for Trump Media shareholders, but it could still be a positive catalyst for the stock.
Image source: Getty Images.
