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Corporate Whale Drops $800M on Bitcoin and Trump Coin—Because Nothing Says ’Diversification’ Like Political Memecoins
Corporate Whale Drops $800M on Bitcoin and Trump Coin—Because Nothing Says ’Diversification’ Like Political Memecoins
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Bitcoin surges as institutional buyers double down—meanwhile, Trump Coin rides the speculative wave straight into the portfolios of ’patriotic’ degens. Wall Street’s latest crypto splurge proves even suits can catch FOMO.
Behind the buy: A single entity just allocated nearly a billion dollars to digital assets, with BTC soaking up the lion’s share. But the real story? The eyebrow-raising side bet on a politically charged altcoin that somehow keeps dodging SEC scrutiny.
Cynical take: Nothing stabilizes a portfolio like mixing store-of-value assets with tokens that fluctuate based on presidential tweetstorms. Hedge funds clearly taking ’high-conviction plays’ to new extremes.
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