Donald Trump Embraces Bitcoin Mining, MAGA Memecoin Pumps 8%: 'Still Bullish On TRUMP And DOGE,' Says Trader
Portfolio Pulse from Khyathi Dalal
Former President Donald Trump has expressed support for Bitcoin mining in the U.S., which has positively impacted the Trump-related MAGA Memecoin (CRYPTO: TRUMP) and Dogecoin (CRYPTO: DOGE). Additionally, there is speculation about GameStop potentially investing in Bitcoin, which could significantly affect its stock performance.
June 12, 2024 | 7:19 pm
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POSITIVE IMPACT
GameStop's substantial cash reserves and the possibility of investing in Bitcoin could significantly impact its stock performance.
If GameStop decides to invest in Bitcoin, similar to MicroStrategy, it could lead to a significant increase in its stock price, trading at a multiple of its Bitcoin holdings.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 80