After Nearly $200 Million in Crypto Losses, Trump Media Will Pivot Away From Bitcoin. Here's What Crypto Investors Need to Know.
Trump Media & Technology Group is abandoning its Bitcoin treasury strategy after reporting a $190 million paper loss on its crypto holdings. The company, which entered Bitcoin near its all-time high of $126,000, is pivoting back to its core media and advertising business. The article warns that timing the crypto market is futile and recommends a long-term buy-and-hold strategy for Bitcoin investors.
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