Donald Trump's Truth Social is edging closer to launching a Bitcoin ETF, potentially shaking up the crypto market and drawing fire from Gensler!
Donald Trump's Truth Social is edging closer to launching a Bitcoin ETF, potentially shaking up the crypto market and drawing fire from Gensler!

Wall Street is Rigged and Crypto Might Just be the Answer!

Alright alright alright settle down you beautiful degenerates! Asmongold here ready to dive into some juicy news. So get this: Donald Trump's Truth Social is trying to get a Bitcoin ETF listed. Yep you heard that right. The NYSE Arca filed the paperwork for it. Now I know what you're thinking: 'Asmongold what in the actual f*** does Trump have to do with crypto?' Well buckle up buttercups because it's about to get wilder than a Mythic raid night.

TrumpCoin Incoming?

This 'Truth Social Bitcoin ETF' is supposed to track Bitcoin's price and make it easier for normies to get in on the action without actually holding any of that digital gold. I mean let's be real most people are still scared of private keys and seed phrases probably more scared than a WoW player with a new tier set facing a mandatory transmog. But yo no one wants to get scammed. And with Trump who knows what kind of rug pull is coming or not. But I'm here for it ya know? Let's see how it goes and who gets burned.

Partnerships and Ponzis: The Crypto Conspiracy Thickens!

Apparently Trump Media partnered with Crypto.com – yeah the one with the Matt Damon commercials that everyone made fun of – to launch a bunch of crypto products. Think baskets of cryptos all branded with the Trump Media logo. Listen I'm not saying it's a Ponzi scheme but I've seen enough gacha games to know how these things usually end. I will say it's kinda genius. I would make a coin if I could and get everyone to buy it.

The $130 Billion Gorilla in the Room: BlackRock's Big Bitcoin Bag

Since spot Bitcoin ETFs launched in January the market's exploded to over $130 billion. BlackRock with their iShares Bitcoin Trust is basically the Thanos of this space holding almost $69 billion in assets. They're the big boys and everyone else is just trying to get a piece of the pie. What I am wondering how can the SEC let Blackrock hold so much Bitcoin and they want to regulate crypto so bad? This is kind of sus ngl.

Bitcoin Treasury? More Like Bitcoin Treasure am I Right?

Trump Media's been making moves in the crypto space lately. Trademarking digital asset products unveiling a $2.5 billion Bitcoin treasury plan in Vegas...it's like he's trying to build his own digital kingdom. Listen if he could just tweet out some good crypto advice instead of whatever else he usually posts maybe we'd all be better off. But hey what do I know? I'm just a bald dude ranting about video games and crypto on the internet.

Gensler's Gonna Be Pissed!

If this ETF gets approved it'll be one of the most politically charged entries into the Bitcoin ETF game. You know Gensler at the SEC is probably already sharpening his knives and preparing a strongly worded letter. But hey maybe it's exactly what crypto needs: a little bit of chaos a dash of controversy and a whole lot of 'what the f*** is going on?' Because let's be honest that's what makes the internet so damn interesting am I right?


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