Trump Family Invests in Bitcoin Mining: A Strategic Play for Long-Term Value

The Trump family has made a significant move into the cryptocurrency sector by investing in Bitcoin mining through a new entity called American Bitcoin. The partnership, spearheaded by Eric and Donald Trump Jr., will see the family acquire a 20% stake in the company while Hut 8, a leading hardware provider, holds the remaining 80%. This venture is rooted in a strategic vision of utilizing Bitcoin as a long-term value store comparable to traditional investments like real estate.