Trump Media just bet $1 billion on Cronos crypto - here's what happens next
Key Points
- Cronos token surged in value after Trump Media Group partner...
Cronos token just pulled off the financial equivalent of a makeover show reveal, doubling in value over seven days and leaving investors wondering if they're witnessing genius or elaborate performance art. The catalyst? Trump Media Group decided to tie the knot with Crypto.com, creating what might be the most politically charged crypto treasury strategy since someone first thought "digital money" was a good idea.
When Politics Meets Proof-of-Stake
The new venture, Trump Media Group CRO Strategy, plans to stuff $1 billion worth of Cronos tokens into its treasury like a digital piggy bank....
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